Blog

5 Questions to Ask Before Purchasing a Global Business

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 a look at some of the best practices for anyone looking to buy a business in another country. What Can You Learn Through...Read More

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 turning a concept into a company. While exciting, this path comes with plenty of hurdles, which include creating brand awareness, finding customers, hiring a team, and generating consistent income. Keep in mind, launching your...Read More

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 to avoid unpleasant surprises down the line. One way to do that is to be proactive and diligent when you’re making your evaluations. Below are some critical areas to explore before signing any agreements. First, it’s important to...Read More

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 a combination that has been part of commerce for a long time. Today, however, this partnership model has evolved into a modern strategy called co-branding. Particularly popular among franchises, co-branding involves offering complementary...Read More

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 principles of achieving success in business remain largely unchanged. Have you considered how well you’re preparing for both the new and enduring demands of entrepreneurship? Let’s take a look at some standards to abide by.  Are You Embracing...Read More

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 company is in trouble or headed in that direction. Recognizing these signs early is crucial, as they can help business owners make informed decisions about the future of their business.  Below are some key indicators that a company may be...Read More

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 new owner goes smoothly is crucial not only for the business’ continued success, but also for protecting your own ongoing interests.  First and foremost, even after the sale, most sellers have some sort of vested interest in the new entity’s...Read More

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. Automated answering services, voicemail systems, or hold music can significantly impact your company’s image and customer satisfaction. Therefore, it’s important to ensure that the telephone is a productive sales tool...Read More

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 that the party most invested in uncovering this information is the Internal Revenue Service (IRS). Why is determining a business’s real income so difficult? While financial records should provide a clear picture, business owners...Read More

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 of businesses on the market actually sell?” To get a sense of the market, it’s important to break things down by business category. The industries that make up the majority of small to mid-sized business sales include: manufacturing, wholesale...Read More