By Dominick Wallace
How can you make a lot of money providing goods for the state, local government and large corporations without signing your life away? Welcome in your new friend and business ally: Purchase Order Funding.

Have you ever had (or wished that you had?) a contract to provide goods for a large corporation or government entity but were lacking the upfront funds to satisfy the contract? Meanwhile you are fretting over the profits you’re losing daily?

Let’s say your customer needs 1000 new computers and as a vendor you know you can provide the needed computes.  You call your supplier to obtain prices so you can make a bid.  After bidding and acquiring the contract or purchase order, you now require the working capital or funds to obtain the computers so your company can deliver them to your customer.  The purchase order funder pays your supplier directly and once the computers are delivered you bill your customer with an invoice. 

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OSBO is proud to welcome our newest franchise owners, Lynn and Jerry Kronk of Madison, AL.  Lynn and Jerry purchased the Madison County, AL franchise from James and Kerry Campbell who are moving out of state.  Jim will continue to be active with OSBO as our National Benefit Provider for Merchant Services.  We wish Jim and Kerry well in their new home.  Please plan to attend Coffee and Contacts in Huntsville, AL on May 1st for the official introduction of Lynn and Jerry and there will also be some other great announcements to follow.  Read the full Press Release on the OSBO website.  Lynn and Jerry have been OSBO members and we are excited to have them step into the role of OSBO Franchisees.

CLICK HEADLINE FOR FULL ARTICLE - OR - SEE MORE PHOTOS

OSBO is proud to welcome our newest franchise owners, Lynn and Jerry Kronk of Madison, AL.  Lynn and Jerry purchased the Madison County, AL franchise from James and Kerry Campbell who are moving out of state.  Jim will continue to be active with OSBO as our National Benefit Provider for Merchant Services.  We wish Jim and Kerry well in their new home.  Please plan to attend Coffee and Contacts in Huntsville, AL on May 1st for the official introduction of Lynn and Jerry and there will also be some other great announcements to follow.  Read the full Press Release on the OSBO website.  Lynn and Jerry have been OSBO members and we are excited to have them step into the role of OSBO Franchisees.

05/13/2009 - 05/13/2009 | 11:00   R.S.V.P. by May 5, 2009
Keeping Your Business In The Family -Business Continuity Planning for Family and Independently-Owned Businesses.

You know what it took to build your business.  Do you know what it takes to keep it in the family?  Less than 30% of family-owned firms make it to the second generation and then, only 12% survive for a third.*  If you’re looking for practical solutions to help you maintain the success of your business over many generations, you can’t afford to miss this informative seminar.

Here are just a few topics you’ll learn about:

• Key business continuity planning considerations
• How to evaluate your basic transfer options
• How to choose a qualified successor
• Why your own family security should be your number one priority
• How to evaluate the long-term financial effect of business transfer options
• How not letting go can hurt your business
  

Reservations to this seminar are free, but seating is limited and will fill up fast.  Call Karen Huddleston at 205-803-3333 to secure your reservation.  

Reservation hotline 205-803-3333

*www.ffi.org 2007

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Brian R. Smith (In conjunction with Lincoln Financial a registered investment advisor)*

As the owner of a closely held business, you probably realize that your company is your most important asset.  But do you know what your business is worth?

Many business owners don't think it's necessary to know the value of their business unless they are planning to sell it.  But there are many other instances when you want to know your company's worth.  These include making gifts of interests in the business, planning for your estate tax consequences, and planning for business succession needs.