| The Ins and Outs of Selling a Small Business
But the process of retiring isn't nearly as easy for the Salsers and their entrepreneurial cohorts as it is for boomers with jobs. No doubt that all retirees confront financial and psychological hurdles. But entrepreneurs face another complication altogether: what to do with their companies. Some small number will pass the business to a child. A minuscule slice will take companies public. But for the Salsers and most owners, selling is the only realistic exit strategy. And that, it turns out, is a full-time job that most entrepreneurs aren't well prepared to do. Depending upon the industry, the success of a business, the hush-hush nature of the sale, the complications of financing and a number of other factors, it can take six months to three years to sell a company. And many never sell.
Recap of Saturday, March 1
This past week's Bulls & Bears: Gary B. Smith, Exemplar Capital managing partner; Pat Dorsey, Morningstar.com director of stock research; Scott Bleier, HybridInvestors.com president; Patricia Powell, Powell Financial; Eric Bolling, Independent Trader; Gary Kaltbaum, Kaltbaum & Associates, and Marc Lamont Hill, Temple University. Trading Pit Call it an oil shock! Crude hits a record high last week, gas spikes and stocks sink. Is it time for Congress to stop fighting about all this and start helping by cutting the 18.4 cents/gallon federal gas tax now? Gary Kaltbaum: It is absolutely time to cut the gas tax. Here is the bottom line: .
Video: Gang members speak out
There is a big difference between a few old has-beens leaving the pub after too many light and bitters, singing Roll Out The Barrel and hugging one another before vomiting into the gutter and a large group of intimidating kids. I think you know that in your heart of hearts, mt. PS: nice to know you can still get out. .
Radio & TV Talk
My sources say Citadel, the new owners, are interested in bringing Imus on air at 106.7 and perhaps turn it into a talk station. Another format change could be oldies. I presume they have to keep NASCAR around regardless. No word yet from Rick Mack, the general sales manager who had to dole out the bad news. I've also tried to reach Weaver, Buck and Rhubarb. I'll post comments from them if I get them. KIcks is now using some weekend jock while Eagle is now being automated with no jocks at all. "It's horrible but it's the radio business," Mitchell said, matter of factly. He was not under contract and is ready to work anywhere else Monday. In preparation for this, he already has built his own production company. Citadel, the Kicks/Eagle owner, yesterday reported a nasty loss nationwide and promised swift changes.
Thursday's summaries
Deitel 21, A. Deitel 5, Clark 6, Delamarter 5, Henderson 12, Hamer 2, Gehling 2, Lambrecht 4, Wolf 2, K. Chambers 3. Maranatha 99, International School 20 International.........-6-14-20 Maranatha.........62-37-99 International School: Nulf 4, Geistfeld 2, Lilly 2, Danolius 2, Hanson 6, Bolden 2, Fenske 2. Marantha: DeRosier 12, Lundgren 5, Taggatz-Ott 7, Gustafson 3, Masera 18, Meyen 2, A. Long 9, R. Long 1, Lee 7, Bettenga 1, Osemenam 12, Higgins 22. Mpls. Edison 85, Providence Academy 51 Edison.........40-45-85 Providence.........23-28-51 Minneapolis Edison: Mason 5, Caldwell 1, Hicks 2, Starks 2, Hall 10, Reed 27, Mitchell 37, Beeks 1. Providence Academy: Brady 10, K. Zimmerman 9, E.
Miscalculations dogged Romney from the start
Senate, Barack Obama has demonstrated a remarkable ability effectively legislate often involving working across party lines. Two examples stand out: The Coburn-Obama Government Transparency Act of 2006 and The Lugar-Obama Nuclear Non-proliferation and Conventional Weapons Threat Reduction Act became laws. Senator Tom Coburn of Oklahoma and Senator Richard Lugar represent two different wings of the Republican Party. Senator Obama has compiled an impressive record for a freshman senator, which is a clear indication of how President Barack Obama might effectively govern .
PALESTINIANS CLAIM WMD CAPABILITY
The Fatah terrorist faction has claimed the capability of chemical and biological weapons and has threatened Israel with a WMD attack, according to the Jerusalem Post. Leaflets distributed in the Gaza Strip state that the Al-Aqsa Martyrs Brigade has spent the last three years developing the capabilty, the start of which seems oddly coincidental to the fall of Saddam Hussein (via Reliapundit): The Aksa Martyrs' Brigades group announced on Sunday that it its members have succeeded in manufacturing chemical and biological weapons to be used against Israel. In a leaflet distributed in the Gaza Strip, the group, which belongs to Palestinian Authority Chairman Mahmoud Abbas's Fatah party, said the weapons were the result of an effort that has lasted for three years. The statment was a response to an Israeli Security Cabinet decision to give the IDF the green light to prepare all the forces necessary for a military operation against Gaza terror cells.
Skateboarding flips make William Spencer a legend
Watch a montage of William Spencer tricks, including a front flip down a staircase and onto a skateboard. Watch the Pepsi commercial "More" featuring the Black Eyed Peas. Spencer does some stunt work, including running up the wall and doing a back flip. See a commerical for Shiseido Uno hair gel featuring Orlando Bloom. Everything that does not show Bloom's face is Spencer, from the hands picking up the gel to the guy flying through a window. Watch a 3-minute movie "Dewmocracy" that features the skating Spencer as the lead character in some Orwellian landscape. The viral video was directed by Forest Whitaker. .
Business spies for FBI eyes
The FBI Deputizes Business. Editor Matthew Rothschild wrote, InfraGard is a child of the FBI, says Michael Hershman, the chairman of the advisory board of the InfraGard National Members Alliance and CEO of the Fairfax Group, an international consulting firm. InfraGard started in Cleveland back in 1996, when the private sector there cooperated with the FBI to investigate cyber threats. 'Then the FBI cloned it,' says Phyllis Schneck, chairman of the board of directors of the InfraGard National Members Alliance, and the prime mover behind the growth of InfraGard over the last several years. InfraGard itself is still an FBI operation, with FBI agents in each state overseeing the local InfraGard chapters. (There are now eighty-six of them.) The alliance is a nonprofit organization of private sector InfraGard members.
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