[Hobie]

I will restrain myself from going off on how this climate change business is a politically driven crisis and how it is being used to fundamentally change and impede the US economy and lifestyle.

The real rub here is geologic time. Trying to measure any climate change trends in a window of say one hundred years when the earth is >4 Billion years old is nuts.

Scientists understand this, but follow the money. Who gives them their grant $$?.

Remember when ‘pollution’ was the big topic. Now replaced with ‘climate change’? I would be the first to carry the torch for stop polluting our environment but when carbon dioxide, a life building block, is termed a pollutant I’m out.

[Hobie]

[quote=njtosd]Failure to get the goodwill can invalidate the mark.[/quote]

Wow! I had no idea. Never again will I quibble about attorney fees 😉

You also have to ask yourself, “Are you good at sales?” Gotta feed the beast! Put a lot of weight on how you will generate new business and what you will do to keep up with changing times ( technology or maturing market)

[Hobie]

” Well established business” A rough rule of thumb is you will retain 1/2 the current clients after an owner change. Especially if it is a working owner situation.

Another huge asset is the company’s supplier list. Perhaps the single most undervalued asset to a buyer. You may be lucky and piggyback on some long time very loyal suppliers with great pricing.

Go talk to their competition, current clients, employees, etc. This will help you more than you can imagine.

All the good advice given here. Consider hanging your own shingle vs. buying ongoing. You can buy a lot of equipment and ‘experience’ for the amount of goodwill many owners ask for. Remember goodwill in the eyes of the owner is very biased and all too often way overvalued. Many just fed up with all of the hard work and want to exit and retire in luxury.

Term of sale is another issue to be explored more in detail as you go along. This is huge. njtosd has hit excellent points and I may add the cash flow and payments are crucial as well.

Try to tie payments of goodwill to retention of current business. This will usually include owner working for you. This is another can of worms, but necessary.

Probably best advice is to trust your gut feeling.

One more thing, there are a lot of perks for working for the man. Insurance, medical, 401k, etc. This stuff gets expensive on your own. Just keep it in mind.

[Hobie]

flu:
#5 leading the witness – guilty as charged 😉
#9 cant’ wait

[Hobie]

I think this thread is done and I encourage our new member to take his business elsewhere. Can we lock this thread?

[Hobie]

As mentioned, Skyranch is not Santee. It should have its own zip code as its in the hills with a terrific view. You must not have lived here for very long. Are you from back East?

BG has some excellent points regarding south county. Check them out. Another local hidden spot is called Elfin Forest. In the hills between Escondido and RSF. Some jewels in there.

You have pretty much have called out the only other acceptable spots in SD. I would look near the border. It might be more of a drive than you would like but doesn’t have the issues you have already discussed. Good Luck. Good news is interest rates should remain low for a while.

[Hobie]

You might check Skyranch in Santee. good reviews. And maybe even look at Newport Coast. Lots of good stuff up there.

[Hobie]

Hacker group Anonymous just announced they will be targeting ISIS.

I think it would be better to leave their digital trail intact and use it to direct strikes back at them.

[Hobie]

So much for the secret military activity that is will be diverting landing patterns at LAX this week.

Saw it, way cool.

[Hobie]

[quote=meadandale]I think that 5% is still at least 2x too high.[/quote]

+2 !

[Hobie]

low information voters. good street cred.

[Hobie]

good info gzz, thx

[Hobie]

[quote=harvey]Don’t get confused by strategies involving paying early in the loan term vs. late in the loan term, etc. They are flawed.[/quote]

I’d like it if you expand on this.

[Hobie]

Ok. How would you remove a disruptive, belligerent child from the classroom? Move the rest of the class to another room? Would any of you have behaved like this kid when you were a kid? We didn’t have cops on campus back then.

[Hobie]

… “and a Pirates life for me! ” ho ho ho

[Author]

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