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Selling Your Ecommerce Business

To web entrepreneurs who contemplate selling their online businesses, experts issue a single warning: Get your financial house in order.

Online endeavors are frequently launched by people who have a great idea, a great passion or a distinctive skill set, but who often lack traditional business acumen. Partially-completed financial statements and an incomplete balance sheet might not impede day-to-day operations, but when it comes to selling the business, such disorganization can be a liability; a prospective buyer wants to see much more than a shoe box full of receipts.

When you commit to selling your business, "you have to start running it like you are going to sell it today," said Mike Gravel, co-founder and managing director of eBizBrokers, Inc., a mergers and acquisitions firm specializing in Internet businesses.


Audit Finds Flaws In Road Home Help Centers

BATON ROUGE, La. -- A state audit found that the centers set up to help homeowners navigate through the state's complex Road Home post-hurricane assistance program don't always give homeowners enough information to make their choices.

Legislative Auditor Steve Theriot's office said homeowners weren't always given details of eligibility, assistance options and requirements for the aid as they sat down with advisers. The audit is the first of a series of reviews of the $7.5 billion Road Home program.

The audit said some interviews seemed rushed, some homeowners didn't get fact sheets, housing advisers weren't always updated on the latest policy changes in the program, and no housing center gave its employees written performance goals. Advisers in many instances didn't provide an overview of the program at the start of interviews.


Getting the cheapest car loan

The launch of the new 2007 number plates has seen thousands of Britons buy new cars, but many of these could be paying too much by using expensive car loans. This month it is predicted about 400,000 people will buy a car, with many of them needing a car finance package to complete the deal. And with this in mind, financial advice service Moneyextra.com has produced a guide to getting the best value car loans. The most popular type of forecourt finance is currently hire purchase – where the loan is secured against the car you are buying. This is often offered by car dealerships themselves, but means the car is not owned until the final payment has been made. And it is expensive. Average interest rates for hire-purchase schemes are in double digits, whereas personal loans are currently available for less than six per cent.



 

 

 

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