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November 2012 Archives

Business disputes getting ugly for Tory Burch and ex-husband

The Tory Burch fashion line can be found in high-end stores across the country and abroad, including Tysons Galleria in McLean. Tory Burch launched her luxury label back in 2004 in partnership with her then-husband Chris Burch., and it has now become a million dollar closely-held business with rumors of a possible billion-dollar IPO.

Should you open a franchise?

Many Virginia entrepreneurs know that opening a franchise can be an incredibly successful endeavor. In order to make it successful, it's important to plan for the expected and unexpected, and to be willing to put the time and effort into getting it off the ground. It's not as easy as just writing a check and getting some branded decals in the mail, but some franchises make it easier than others to succeed and run a profitable business. One of the elements that experts say can help define a successful franchise is the training provided by the parent company.

Setting realistic expectations for a merger

Most small business owners in Virginia have learned to be effective salespeople. Knowing how to market one's business and convince clients and customers to work with you is a crucial element of success and many people take an enthusiastic, "always be closing" approach to selling the company's services. While this is incredibly useful in many situations, there are also times when it's important to be more realistic about the state of the business, particularly when discussing a merger or acquisition with another company.

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