Top Four Reasons Why Buying an Existing Business May Be Smarter Than Starting One from Scratch
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
Key Considerations Before Buying a Business
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
Co-Branding: A Strategic Business Partnership for Success
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
Thriving in the Modern Business World
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
Recognizing Trouble in Your Business Before It’s Too Late
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
Post-Closing Steps for a Successful Transition
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 Importance of a Professional First Impression
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.
The Risks of Under-Reporting Income for Business Owners
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
Understanding the Odds of Selling a Business
When it comes to buying or selling a business, we often get asked two common questions: “How many businesses are for sale?” and “What percentage
The Entrepreneur: Understanding Strengths and Weaknesses
Entrepreneurs are typically dynamic and driven individuals who play a critical role in driving innovation. However, to succeed, they must leverage their strengths while being
Does Your Company Have an “Orphaned” Product or Service?
Many businesses have a product or service that’s performing reasonably well, perhaps even thriving, but doesn’t quite align with the company’s core offerings. It’s often
Leveraging Customer Feedback to Improve Your Business
If your business interacts with customers, it’s inevitable that at some point, you will receive customer complaints or negative feedback. The key to turning these
