Owners of new businesses need to manage a multitude of details, such as product and service positioning, branding, marketing, employee hiring and training, site location, choosing vendors and establishing terms, etc. Even when all the stars are aligned and…
If you’re not entirely familiar with Corporate Social Responsibility (CSR), you are not alone. While this word is getting used more and more often, many people are still not familiar with the concept. Yet, CSR has become a critical focus…
“Give me a lever long enough and a fulcrum on which to place it, and I shall move the world.” — Archimedes. Know why I love entrepreneurs? Because they punch above their weight, they are the ultimate underdogs. Risking everything…
When buying or selling a business, the initial meeting between the buyer and seller can be a critical turning point. This meeting often sets the stage for the future of the deal. After all, the buyer’s first offer typically arrives…
Purchasing a business abroad involves unique challenges and factors. There are considerations to keep in mind that you typically won’t face when buying a local business. The decision to invest internationally is complex and influenced by various elements. Let’s take…
When people dream of becoming business owners, they often picture launching their own venture. They may picture building something from nothing, and the fulfillment of turning a concept into a company. While exciting, this path comes with plenty of hurdles,…
“You’ve got to be very careful if you don’t know where you’re going, because you might not get there.” Yogi Berra Preparing to sell a business means more than simply sprucing up its operations. To get the highest…
What is an SBA Loan? An SBA loan is a loan to help finance small businesses. SBA is an acronym for Small Business Administration SBA loans are issued by a bank or other financial institution directly to small businesses SBA…
When considering the purchase of a business, asking the right questions is essential. Whether you’re a first-time buyer or a seasoned entrepreneur, you’ll want to avoid unpleasant surprises down the line. One way to do that is to be…
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…