Pacific Rim Business Consultants - The Leader in Business Consulting Services in Hawaii
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My Business Is Worth a Lot of Money!

3/20/2015

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We can't tell you how many times we have heard this comment! 

After you decide to sell the business, the next step is to value the business.  Its funny but small business owners make this statement but in most cases, they simply can't give you the reason they have for the asking price.  More often than not, their reason is because of all of my hard work. 

Don't make this mistake when you are ready to sell.  Ask a professional broker like Pacific Rim Business Consultants to either provide you with a Brokers Opinion of Value or Captain the effort to get a formal market value before you start the sale process.

For the same reason you ask a Realtor to give you a Brokers Opinion of Value, you should do so with your business.  Businesses that are overpriced don't sell.  It will be a process that challenging enough without knowing within a reasonable range the value of your business.  Call PRBC @ (808)744-1826 for a free discussion about valuing your business.

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Get Ready ...Get Set... Go!

3/12/2015

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So you have decided to sell your business here in Hawaii!  It took a long time to come to this decision but have you really thought about getting the business ready to sell?

Here are the things you should be ready to provide from day one of the sale.

1.  Make sure you have Profit & Loss Statements that are up to date for the past two years.  ...same for you last two years of Federal & Hawaii State Income Taxes.

2.  Make sure all of your taxes have been filed and up to date.

3.  Create a list of all the things that are going to be included in the sale.  This is  often called the inventory list.

4.  Make sure you have a proper copy of your lease and or copy of your deed and full title to your property (also make a copy of your survey and your Title Insurance).

5.  Inform your employees of the sale and give them each a bonus for helping sell the company. 

#5 above is somewhat controversial but my experience has shown that skirting the issue does no good.  Further explain that all employees will be considered for employment by the new owner.

Pacific Rim Business Consultants can help with all of the above, including selling the business.  Please call us at (808)744-1826.  You will be glad you did!









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Just Another Day in Paradise

3/11/2015

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One of the good things about Hawaii is that even when you have a bad day, it is always made better with Hawai'i's weather!  This is one of the major reasons our population continues to grow.  Life has lots of twists and turns but at least you can survive those twists and turns when the sun is shining and you are feeling good about life.

When you are considering buying a business in Hawaii...make sure you take the life style who wish to lead into consideration.  Unlike other states the cost to move here is high.  It is not like moving from LA to Las Vegas.  It is a very big commitment and one that you don't take lightly.  Do your research about cost of living, cost of housing, schools, etc.  

The decision to buy a business here is much more Global in nature than on the Mainland.  You need to like the business but it is just important to embrace the life style.

PRBC selling businesses in Hawaii and would be glad to work with including providing you with the Global information you will need to live here.  Give us a call 808-744-1826 or email us at info@pacificrimbusinessconsultants.com.  Either way, you will be glad you did. 


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Interview on Think Tech Hawaii TV

3/10/2015

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I recently had the pleasure of being interviewed about small business in Hawaii by Jay Fidell, President of Think Tech Hawaii.   Think Tech Hawaii is a non profit organization whose mission statement is to advocate for small businesses in Hawaii.  Go to https://www.youtube.com/watch?v=yUaqe75refg  to view the interview. 

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    Author

    Will Rodgers, Founder of Pacific Rim Business Consultants

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Pacific Rim Business Consultants
License # RB-19229
​
​Hawaii Real Estate Broker
Russell W. Rodgers
Licensed Hawaii Real Estate Broker
842 Kealahou St.    
Honolulu, HI 96825
Phone: (808) 744-1826 *24 Hrs*
Fax: (810) 213-0244 *24 Hrs.*
​
Skype: Marine19765431
info@pacificrimbusinessconsultants.com

Russell W. Rodgers
Licensed Michigan Real Estate Broker
6429 E. Atherton Rd.
Burton, MI 48519
Phone# (810) 213-0244 
Fax # (810) 213-0244
Skype: Marine19765431
rrodgers@verizon.net
VIPBusinessBroker.com, LLC
Russell W. Rodgers
Licensed Florida Real Estate Broker
VIP Business Broker, LLC
2274 State Rd. #580, Suite B
Clearwater, Florida 33760
Phone # (727)639-4398
Fax # (810) 213-0244
Skype: Marine19765431
info@vipbusinessbroker.com
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