One of the most important stages of the business purchase process is the due diligence stage. In this stage. it is wise to have your lawyer, accountant, or advisors assist in analyzing all aspects of the business before moving forward with the purchase. Here are some...
Cash flow is a key determinant of business growth. Although you may have a profitable and growing business, the inability to come up with cash has the potential to result in bankruptcy! In fact, cash flow is one of the major causes of failure in small businesses....
Many business owners believe they can successfully sell their own business. After all, they are the key salesperson for their company and believe they know it better than anyone else. While this may be true, selling your business is not like selling your product or...
The past year was one that we will not soon forget. I think we are all relieved to see it behind us, and we can look forward to a better 2021. Here are 6 key business tips for a prosperous 2021: 1. Keep records of any government programs you used and the application...
Buying a business can be a long and complex process. Knowing the many steps involved can ensure that when it comes time to make the purchase, the process will go smoothly. Understanding what types of businesses you are capable of buying and operating is the first step...
Deciding to sell any business can be a complicated matter. It is even more complicated when this decision involves multiple members of your family, as is the case with a family business. While many business owners dream of passing on ownership of their business to...
