The concept of combining businesses is a tried-and-true strategy. A classic example of this strategy is the tailor next to the dry cleaner. This is a combination that has been part of commerce for a long time. Today, however, this…
They aren’t talking about you. 4 reasons Mainstreet business owners need to stop relying on media to value their small businesses. One of my greatest frustrations as a business intermediary is seeing my clients receive bad information from…
When deciding to buy a business, prospective buyers sometimes are faced with the following choice: Do I buy an existing independent business, or do I start a new franchise? Some of the advantages of an existing good independent business…
Spring cleaning your business this season can set you up for success in an upcoming sale and improve your day to day operations. It’s commonly estimated that around 15-20% of small businesses are for sale at any given time.…
As we step further into the 21st century, the landscape of business is changing. While there are always new challenges on the horizon, the core principles of achieving success in business remain largely unchanged. Have you considered how well you’re…
Businesses can face various challenges, and many issues that arise are not always immediately obvious. However, there are common signs to look for when a company is in trouble or headed in that direction. Recognizing these signs early is crucial,…
Once the deal is sealed and the closing is complete, many business owners might think their job is done. However, ensuring that the transition to the new owner goes smoothly is crucial not only for the business’ continued success, but…
“We didn’t actually overspend our budget. The allocation simply fell short of an expenditure.” – Keith Davis When business owners decide to sell their business, they have two distinctly different paths to follow: Going alone. Bring in a team…
Thinking of selling your business? Here’s a wake-up call: 80% of businesses never sell. Most owners don’t see it coming until it’s too late. But you can avoid becoming part of that statistic. In the below video, Kathryn…
In today’s business world, effective communication is paramount, and the telephone remains one of the most essential tools for engaging with clients, prospects, and partners. Automated answering services, voicemail systems, or hold music can significantly impact your company’s image and…
One of the most critical questions for prospective buyers, investors, and lenders is understanding a business’s true income. However, it should come as no surprise that the party most invested in uncovering this information is the Internal Revenue Service (IRS).…
As Valentine’s Day approaches, love is in the air, and the idea of finding the perfect match is top of mind for many. But this season of romance isn’t just about personal relationships—it’s also a great time to think…