tag:blogger.com,1999:blog-6593661961911469500.post8433722271156131880..comments2014-05-27T07:46:44.998-04:00Comments on Printing Industry News and Notes: Working for the "Family"The Quick Consultanthttp://www.blogger.com/profile/15617815249462083478noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6593661961911469500.post-67280795109627418492010-01-07T08:06:00.913-05:002010-01-07T08:06:00.913-05:00This is Gail Finke -- Gail F is the Google name I ...This is Gail Finke -- Gail F is the Google name I registered a long time ago.<br /><br />I have a neighbor who has been trying to buy a small specialty retail business from its owner for years (she is not a relative). Recently, the owner decided to close the business and did not even notify her before she sent out an email to clients. They had an informal agreement but the owner just "never got around to" any of the paperwork... Now this neighbor, who has worked in the business for a long time, has no recourse but to give up or start a business from the ground up, which she could do in a year or two once she retires from her main job, but is not in a position to do now. She knows a lot of people in the industry, but does not have the buying knowledge and contacts the owner does, and she could not use the business name, which is fairly well known in the field.<br /><br />From the outside, it seems obvious that the owner never intended to sell. There are too many red flags. But in a close working relationship, it's easy to overlook things, especially when you consider the owner to be a friend. You want to believe her many assertions and half-finished plans. <br />It's essential to have an actual plan, worked out with actual lawyers and/or bankers, no matter who you're dealing with.Gail Fhttps://www.blogger.com/profile/11740482509910163332noreply@blogger.comtag:blogger.com,1999:blog-6593661961911469500.post-86704861381527379922009-12-29T16:40:26.813-05:002009-12-29T16:40:26.813-05:00I have a friend who with her husband have been run...I have a friend who with her husband have been running the shop her dad started after WWII. He won't sell it to her as he is planning on leaving it to all the kids equally. With out her and her husband there would be no business. I have been trying to get her to turn the key and start one of her own. The current shop will die within a couple of months with out them.Dennis Ewinghttps://www.blogger.com/profile/08209167137579184101noreply@blogger.com