Purchasing an existing business offers a level of predictability and stability that launching a startup simply cannot provide. No matter how innovative or well-researched a new business idea may be, it will always involve uncertainty. Even with meticulous planning and…
Understanding the process of buying a business along with potential challenges upfront can increase your chances of success. Whether you’re buying a small business or an established company, here are the critical steps to keep in mind to ensure a…
Your LinkedIn profile is your digital storefront. It tells your professional story before you ever say a word. Business owners who present themselves with clarity and professionalism immediately earn the trust of others. A polished profile should highlight your expertise…
As the old saying goes, first impressions matter. This is true regardless of whether it’s a personal interaction or a business transaction. Just as people judge you based on your initial interaction with them, the same is true for your…
For many business owners, the idea of retiring can feel far off. However, at some point, the time will come to step away from your business. Planning for this transition is crucial. By preparing ahead of time, you can make…
Securing funding to start or grow a small business can be daunting, especially for first-time entrepreneurs. Fortunately, the Small Business Administration (SBA) offers valuable support through its lending programs. Whether you’re looking to buy a business, expand an existing one,…
In the world of buying and selling businesses, one factor that is often overlooked but is crucial for long-term success is employee engagement. But when you think about it, your employees are the lifeblood of your organization. They enhance…
When it comes to mergers and acquisitions (M&A), myths and misconceptions can be costly, especially since significant amounts of money are involved during these transactions. Many business owners, especially those new to the process, may fall prey to these common…
The idea of owning a business often sounds somewhat glamorous. People sometimes equate it with freedom, flexibility, and financial gain. But behind that polished image is a reality that many don’t see until they’re already in the thick of…
Attracting buyers for a business is a double-edged sword. Wide-open promotion that a business is for sale can be disastrous, but the only way to find a buyer is to communicate that a business is for sale. As with…
When it comes to passing on or selling a family business, the process can be emotionally and financially complex. But whether you’re planning to keep the business in the family or hand it off to an external buyer, careful planning…
Author: Kathryn Guthrie, CBI, CEPA “To everything there is a season, and a time to every purpose under heaven.” — Ecclesiastes 3:1 I’ve always liked Pete Seeger’s 1959 folk song Turn! Turn! Turn! It’s one of those songs…