Bank finance articles and tips

Being a Six Sigma professional, one could compare me to a carpenter with a hammer - yes, everything looks like a nail! Besides the lack of organizational efficiency and effectiveness and external forces which depend on unsustainable resources, such as oil, where else have we been short-sighted?

The task is overwhelming for a systems thinker like me, so I decided to ask a few of my trusted colleagues, "Why do companies have unnecessary layoffs?"

The current economic crunch is pushing many to look for ways to augment their income and one of the options seriously considered by many of them is to buy a business that already exist. Buying an existing business is better than starting a business from scratch. You have instant cash flow from day one coming from its existing customers. Besides, the foundations of an existing business have already been established and there is no more need for the new owner to go through the rigmarole of the groundwork involved with starting up a new business.

However, there are various drawbacks that one must seriously consider before deciding to buy a business that already exists.