What is FinCEN’s Beneficial Ownership Information (BOI) Reporting?
Starting January 1, 2024, all U.S. and foreign entities doing business in the US, with a few exceptions, must report beneficial ownership details to FinCEN to enhance transparency and combat illicit activities. Compliance is crucial for business operations and legal adherence, especially in mergers and acquisitions.
Why Should Small Business Owners Consider Selling?
Are you a small business owner evaluating your venture’s future? Before deciding to wind down, consider the significant value your business holds. Selling can maximize returns during peak market conditions, reduce risks, and open new opportunities. Whether for personal reasons, retirement, or growth, the decision to sell is complex. Explore the reasons to sell and secure your financial future. Read on to make an informed choice!
Why Hiring a Business Broker is Vital for a Successful Sale
Selling a business is a complex journey that requires careful planning and expert guidance. Hiring a professional business broker can be invaluable. With their broad network and streamlined process, they significantly improve the chances of a successful sale. Discover how partnering with a business broker can help you achieve the best outcome for your legacy.
What Makes a Business Attractive to Buyers
Curious about what makes a business irresistible to buyers? Discover the key elements that can transform your business into a hot commodity on the market. From strong financials to a loyal customer base, learn how to enhance your business’s appeal and secure a profitable sale.
Finding the Right Buyer
For many businesses, interest from potential buyers can start coming in within weeks. Some deals attract substantial interest very quickly. For instance, we recently listed a successful sign manufacturing company and received interest from 40 buyers within 4 weeks, resulting in 4 full-price offers within 8 weeks. However, finding the “right” buyer can take longer for some businesses. One of the key services provided by Accel Business Advisors is identifying high-potential buyers. Before a prospective buyer meets the business owner, there are often several calls and meetings with the broker to ensure a good fit. The Process By following these steps, you can navigate the complexities of finding and securing the right buyer for your business. To schedule a free consultation with your local business broker in San Jose, CA, please email us at [email protected].
Planning Your Exit Strategy: A Guide for Business Owners
Ideally, begin developing your exit strategy at least two-three years in advance. This timeframe allows you to view your business from a buyer’s perspective, identify value-enhancing improvements, and make pre-sale decisions to maximize value and minimize tax impact. Sale Goal: Clarify what you want to achieve with the sale. Are you looking for a complete exit or partial sale? Timing: Determine your ideal timeframe for the exit. This sets the pace for your planning efforts. Financial Expectations: Understand that small businesses typically sell at a multiple of the seller’s discretionary earnings or owner’s cash flow. The multiple depends on the business’s condition, profitability, owner’s involvement, potential for growth, and other factors. Decide if you need an all-cash deal at closing or if you’re open to seller-financed loans, or structured installment payments (help reduce seller’s tax liability). This impacts the attractiveness of your business to potential buyers and the speed of the sale. Consider whether you want to sell to a specific entity like a partner, key employee, or family member, or if you’re open to any qualified buyer. This choice will shape your marketing and negotiation strategies. Decide if you want to stay connected with your business in a managerial or advisory role, or if you prefer a clean break. Consider the future of your business post-sale. Do you want to sell to a buyer who plans to maintain continuity, or are you open to significant changes? A business broker or M&A advisor can help guide you through the process of selling your business and developing an exit strategy. Accel Business Advisors can provide valuable insights and support you need to ensure a smooth transition. Contact us to create a comprehensive exit strategy that aligns with your personal and financial goals, ensuring a successful sale and a smooth transition. To schedule a free consultation with your local business broker in San Jose, CA, please email us [email protected].
What is My Business Value?
Valuing your business accurately is crucial whether you’re planning to sell, attract investors, or simply want to understand its true worth. One of the most effective ways to do this is by using comparable data, or “comps.” This method involves comparing your business to similar ones that have recently been sold. Here’s a simple, step-by-step guide to help you get started with valuing your business, and why working with our team of business advisors can make the process easier and more effective: 1. Understand the Basics of Comparable Data “Comps” involves analyzing the sale prices, cash flows, revenues and other attributes of businesses similar to yours. Think of it like how a real estate agent determines the value of a house by comparing it to similar homes that have recently sold in the same neighborhood. Our expert team can help you identify the best set of comps that closely match your business in size, industry, and financial performance—saving you time and ensuring you get a fair, accurate valuation. 2. Gather Relevant Data The next step is gathering data on businesses that have recently sold. You can find this information through business brokers, industry reports, or online marketplaces like BizBuySell. However, sorting through and analyzing this data can be overwhelming on your own. That’s where we come in. We have access to exclusive data sources and industry insights that can help pinpoint the most relevant comps for your business. We’ll take care of the research so you don’t have to. 3. Analyze the Data Once you have the right data, it’s time to analyze it to spot trends and patterns. Understanding the multiples used in your industry, such as Price-to-Earnings (P/E) ratios or EBITDA/SDE multiples, is key. However, analyzing this data accurately requires expertise. With our experience, we’ll not only identify the best benchmarks but also interpret the data in a way that makes sense for your business. We make sure you understand the numbers behind your valuation and what they mean for your sale. 4. Apply the Multiples to Your Business Now it’s time to apply the identified multiples to your business’s financials to estimate its value. For example, if similar businesses sold for 3 times their annual earnings, and your business has earnings of $500,000, your estimated business value would be $1.5 million. But here’s the thing: your business is unique. Factors like growth potential, customer loyalty, and brand strength can impact its value. Our team will help you adjust for these factors and provide a valuation that reflects the true worth of your business. 5. Adjust for Unique Factors Every business has its unique strengths, and we’ll make sure those are reflected in your valuation. Whether it’s the potential for growth, the loyalty of your customer base, or the strength of your brand, we’ll take these factors into account and adjust the valuation accordingly. Our team will guide you through these adjustments and help ensure that your business is positioned in the best light for potential buyers. Why Choose Us? Valuing and selling a business can be complicated, but it doesn’t have to be. While using comparable data is an excellent starting point, working with a professional business brokerage firm like ours takes the guesswork out of the process. We’ve helped thousands of sellers like you achieve successful sales, using a comprehensive, data-driven approach that takes all relevant factors into account. By partnering with us, you get the benefit of: Let us put our expertise to work for you. Click here to schedule a free consultation with us, and let’s start the conversation about how we can help you value, market, and sell your business with confidence.
When and How to Prepare Your Business for Sale
Timing is crucial when preparing your business for sale. Ideally, you should start preparing your business for sale at least two to three years in advance to optimize its appeal to buyers. However, be ready for unexpected issues that might require a quicker sale. Learn the key steps to ensure a successful sale.
Pros and Cons of Investment in Business
Investing in businesses vs investing in real estate is often a decision that investors must weigh in. Of course, each investment has its distinct advantages and disadvantages. While investments in real estate have more predictable return and less owner involvement, investments in business are certainly for a special type of people – people with vision and fortitude. As business brokers, we see many first-time investors in businesses. We hope this blog will help these investors decide whether investing in business is the right decision. Below are some pros and cons people should consider when investing in business. If you are more attracted to the pro attributes and can overcome some of the negativities along the way, then investing in business will be a rewarding lifetime journey for you. Pros: Higher Potential Returns: While riskier, the potential for higher returns in business investments is significant, especially with successful ventures. This high reward potential is a strong attraction for many investors. Scalability: Businesses can scale and grow much faster than real estate investments, providing exponential growth opportunities that appeal to investors looking for rapid expansion. Innovation and Personal Fulfillment: Investing in innovative businesses allows investors to be part of groundbreaking projects and industries, offering a sense of purpose and fulfillment that is not typically found in real estate investments. Liquidity: Businesses, especially publicly traded ones, offer more liquidity compared to real estate, allowing investors to exit their investments more easily when needed. Diversification: Businesses provide opportunities to diversify across different sectors, reducing the risk associated with investing in a single asset class. This diversification is a key strategy for risk management. Control and Influence: Investors in businesses, particularly those holding significant shares, often have a say in the company’s direction and strategy, providing more engagement and influence compared to real estate investments. Cons: Higher Risk: Many businesses fail, especially startups, which can lead to a total loss of investment. This high risk is a significant factor to consider. This is also why investing in existing businesses is a great option for first-time business investors. Time and Expertise: It requires significant time, effort, and expertise to evaluate and manage business investments effectively, which can be a barrier for some investors. Market Volatility: Business values can be highly volatile, influenced by market conditions, competition, and other external factors. Investment in businesses is not meant for a quick return on investment. Generally business investments require the owners’ long-term dedication and hard work to increase the value of the business. Once the business can show a stable revenue and cash flow, there is no lack of suitors of the business. Regulatory and Legal Issues: Businesses are subject to various regulations and legal issues, which can be complex and costly. Investment in businesses requires more active involvement with the industry and society. The owners need to have a curious mind and stay sensitive to new regulations and technologies that many impact the business. This is also what makes the investment in businesses a lot more interesting than the investment in real estate. In summary, while both investment types have their benefits and drawbacks, some investors find business investments more attractive due to the higher potential returns, scalability, and active involvement and influence in the business operations. If you would like more information about investing in business, contact your local business broker in San Jose at [email protected].
Fees and Costs for Selling Your Business
Fees and Costs for Selling Your Business As a business seller, you’ll encounter various expenses at the closing table, and estimating these costs is crucial for understanding your net sale proceeds. Many business owners overlook this step and end up disappointed with their final check. Here are the typical costs you can expect: Taxes Selling a business comes with several tax implications, making it crucial to understand how much you’ll owe in taxes. This is likely the largest cost of selling your business. Minimizing your tax liability is essential to avoid any unexpected surprises, and this is where an accountant can be invaluable. Moreover, if you are selling real estate along with your business, you may need to pay real estate transfer taxes depending on your location. Business Broker Fee This is likely your second largest expense. For smaller transactions, commissions typically range from 10% to 12% of the purchase price, or a fixed amount agreed upon with the broker. For larger transactions, commissions are often tiered. Attorney Fees Attorney fees vary based on factors like the deal’s complexity, whether real estate is included, and if a franchise agreement is involved. Attorneys charge for their time and expertise, so the more time spent, the higher the cost. Some attorneys bill hourly, reflecting the actual time spent, while others offer a fixed fee based on an estimated time commitment. Accountant Fees An experienced accountant will help you assess the tax implications of the sale. Like attorneys, most accountants charge an hourly fee, but they may also offer fixed-price options based on the services provided. Both attorneys and accountants play a crucial role in ensuring all legal and tax issues are resolved before the sale. Transfer Fee If you’re selling a franchise, your franchise agreement likely includes a “transfer fee.” This fee covers the franchisor’s costs in evaluating the buyer and preparing necessary documents. Be sure to account for this fee when setting your sale price and calculating your net proceeds. Lease Associated Fees Some leases include an assignment fee triggered when you request to transfer the lease to a buyer. This fee covers the landlord’s expenses for legal reviews and preparing the lease assignment. Review your lease to see if this applies to you. Certain leases require the tenant to pay the landlord a percentage of the business sale or a fixed amount upon selling the business. Though once rare, these clauses are becoming more common. Review your lease to identify any such contingencies. Debt Prepayment Penalty If you have an outstanding mortgage, credit line, or loan associated with your business or property, you might face a prepayment penalty upon sale. These penalties can be substantial, so they must be factored into your sale price. Sometimes, assigning the obligation to the buyer can avoid the penalty. These are the primary costs associated with selling your business. Additional costs, fees, and penalties may apply depending on your specific transaction. Understanding your obligations before listing your business and signing contracts is essential. If you fail to account for these costs, you might not only miss out on a profit but could also end up paying out of pocket to close the deal. Be prepared to avoid unexpected surprises.
Prepare a business for sale
Elevating Your Business Sale Preparation with Accel Business Advisors in 2024 If you ever think about selling the business you have built and run for so many years, it is important you have a clear plan and a good advisor by your side. Preparing a business for sale is a multifaceted process that demands meticulous attention to detail and strategic planning. Accel Business Advisors, renowned for our expertise in facilitating business sales, play an instrumental role in enhancing the readiness and attractiveness of a business on the market. Here’s how we can elevate the preparation of a business for sale: 1. Financial Preparation and Analysis: We assist in organizing and analyzing financial records meticulously. Our expertise helps in presenting clear and comprehensive financial documentation, including profit and loss statements, balance sheets, and cash flow reports, crucial for instilling confidence in potential buyers. 2. Operational Optimization and Documentation: Our guidance extends to optimizing operational efficiencies and documenting key processes. With Sunbelt’s support, businesses can streamline operations and document essential procedures, showcasing a well-structured and sustainable operation attractive to potential buyers. 3. Strengthening Business Relationships: We emphasize the importance of nurturing customer and supplier relationships. We bring in experts who can provide insights on strategies to enhance customer loyalty and fortify supplier connections, contributing significantly to the business’s perceived value during the sale. 4. Enhanced Presentation and Marketing: Our guidance extends to the visual appeal and marketing materials of the business. Accel advisors help ensure that the business’s physical appearance and marketing materials accurately represent its strengths and potential, creating an impactful first impression on potential buyers. 5. Professional Guidance and Due Diligence: Engaging Accel Business Advisors means tapping into our wealth of experience and expertise. Our team of professionals, including entrepreneurs from a wide range of industries who owned businesses before, collaborate to conduct comprehensive pre-sale due diligence, identifying and addressing any potential issues before we proceed with the sale process. In summary, Accel Business Advisors bring a wealth of specialized knowledge and industry experience to the table, significantly enhancing a business’s readiness for sale. Our meticulous approach to financial organization, operational streamlining, relationship strengthening, and professional guidance elevates the preparation process, positioning businesses for a successful and profitable sale. By leveraging the expertise of Accel Business Advisors, business owners can navigate the complexities of preparing their business for sale with confidence, knowing they have a dedicated team working towards maximizing the value and attractiveness of their business on the market.
The Process of Selling a Business
Selling a business is a big decision and a complex process. While the specifics can vary based on the business and the broker involved, I want to share a general overview of what the process typically looks like. Here’s how I guide my clients through the journey of selling their businesses: 1. Initial Meeting: Setting the Foundation The process starts with a one-on-one meeting between me and the business owner. During this meeting, I learn about the business, the owner’s reasons for selling, and what their goals are for the future. It’s also a time to discuss whether the owner is emotionally and mentally prepared for the sale and what happens afterward. I make sure the owner is clear on what to expect and is emotionally ready for the transition. 2. Valuation Discussion: Understanding the Business’s Worth The next step is discussing the value of the business. I may provide an Opinion of Value or recommend a formal Business Valuation. This helps set realistic expectations for the sale price and gives both the owner and potential buyers a clear understanding of the business’s market value. We have discussed how a business is valued in our last episode. You may check out here for more details. 3. Engagement Letter: Formalizing the Relationship Once the business owner decides to move forward and we agree on an expected value, we formalize the process by signing a representation agreement. This document outlines my role as a broker and the terms of our relationship moving forward. 4. Preparation of the Confidential Information Memorandum (CIM) A critical part of the sales process is the preparation of a Confidential Information Memorandum (CIM). This document provides a detailed overview of the business and answers the majority of questions potential buyers will have. I work closely with the business owner to ensure this document is accurate and comprehensive before sharing it with any buyers. 5. Marketing the Business: Reaching the Right Buyers Once the CIM is approved, I begin the marketing process. The business is listed on websites like BizBuySell, and I also tap into my network and database of potential buyers. In addition, I may reach out to strategic buyers, such as those in similar industries or Private Equity Groups and family offices, who might be interested in acquiring the business. 6. Finding the Right Buyer: Screening and Matching Within a few weeks, I typically start to see interest from potential buyers. Some businesses attract more attention than others, but I’m focused on finding the right fit. I screen buyers, have initial conversations with them, and only introduce the most serious and capable candidates to the business owner. Buyers are required to sign an NDA before they can receive any confidential information on the business. 7. Buyer-Seller Meetings: Negotiating the Terms Once a buyer expresses serious interest, we arrange a meeting between the buyer and the seller. During the meeting, it is like a first date where the buyer can ask questions about the business and at the same time the seller can ask the buyer questions to assess if this is the right person who can take over the business. After the initial meeting, if the buyer is still interested, he or she will submit an offer or a letter of interest (LOI). This outlines the proposed price, payment terms, contingencies, and other important details. It’s an exciting moment as we move closer to finalizing the sale. 8. Due Diligence and Financing: Verifying the Deal Once an offer is accepted, the due diligence phase begins. This is where the buyer verifies the financials, operations, and legal standing of the business. If financing is involved, this phase can take 2-3 months while the lender can conduct its underwriting. During this time, I help facilitate the process by ensuring everything is in order, introducing the right legal and tax advisors, and helping the buyer secure the necessary financing. 9. Closing and Transition: Finalizing the Sale The final phase is the closing and transition. This is where we finalize all legal and financial documents, such as the purchase agreement and closing statements, and transferring essential operational information, including access codes, client lists, email accounts, phone numbers, website and supplier contracts. The seller often stays involved for a short period after the sale to help with training and transition, ensuring a smooth handover of the business. Effective communication is essential during this phase to ensure the business continues to thrive under new ownership. Takeaways: A Smooth and Successful Sale Selling a business is a multi-step process that typically takes 6-12 months, but every stage—whether it’s valuation, finding the right buyer, or completing due diligence—requires attention to detail. Having an experienced business broker by your side can make all the difference in ensuring a smooth and successful sale. If you’re thinking about selling your business in California, please schedule a free consultation with me here.
Deal Killers and How to Slay Them
Most owners say that they want to exit their businesses within the next five years. Most of those owners will fail to meet this goal; many won’t even be positioned to begin the sale process by the time their target exit dates pass. The reason for so many missed targets often lies with the owners’ failure to identify and address the eight biggest deal killers. Deal killers are conditions that destroy a company’s salability if they are left undetected and unresolved until the sale process starts. Here are the top eight, and how to slay them: 1. The belief that you can sell your business today and satisfy your financial independence needs and wants. 2. The failure to reconcile your need for value with the market’s perspective of value prior to going to market. 3. An exclusive focus on top-line sale price. These three deal killers stem from incorrect or misguided assumptions. Many owners vastly underestimate how much money they will need post-exit, while overestimating the value of their companies. This deal-killing combo causes myriad problems, including tainting the marketplace. The best way to slay these three deal killers is to engage in pre-sale planning. Getting a sale-price estimate for your business from a business broker or investment banker is paramount. Working with a tax professional to minimize taxes and fees will get you closer to the net proceeds necessary for financial independence. Assembling and using a deal team long before your targeted exit date will prevent a false start that damages your company’s value should you decide not to sell. 4. Failure to preserve a company’s most valuable asset. Retaining key employees post-sale is critical to a successful business sale. Most buyers view key employees as essential and may not be interested in acquiring a company if they leave. Owners sometimes forget how their exits will affect key employees, causing them to jump ship or, worse, blackmail an owner for a cut of the sale price to stay with the company after the owner leaves. The best way to slay this deal killer is to motivate and “handcuff” key employees. Creating non-qualified deferred compensation plans, stay-bonus plans, and non-solicitation agreements are good ways to keep key employees on after you leave or, if they do leave, assure that they don’t harm the company. 5. Believing that you can negotiate alone. 6. Unwillingness to hire and use a strong deal team. Most business owners don’t have the experience necessary to sell their businesses by themselves for the money they need. Buyers often assemble crack teams of advisors to negotiate the lowest possible price and best deal terms for their businesses. Lone-ranger sellers are often overwhelmed by these professionals, causing them to leave huge sums of money on the table. The solution is to build a best-in-class deal team that will help you navigate the nuances of a business sale. The returns on your investment in the strongest possible deal team can be exponential. 7. Believing that pre-sale due diligence isn’t worth the time, effort or cost. Pre-sale due diligence can be costly, but foregoing it can be devastatingly expensive. Buyers will have high expectations when paying a high price for your business, so any unrealized or unaddressed flaws in your company can damage its value to the buyer or, worse, kill the sale. Getting out in front of any problems that your company may have will eliminate the risk that the buyer finds a flaw in your business that you didn’t recognize. The solution to this deal killer is to engage your deal team in pre-sale due diligence before you go to market. An ounce of prevention is worth a pound of cure. 8. Seller’s remorse. Selling a company that you’ve built can be hard. Emotions can run hot, leading to cold feet. Getting cold feet, especially toward the end of the sale process, isn’t uncommon and can lead to lost money, production, and time. There are a number of solutions to this deal killer, the most important of which is to talk. Talk to your advisors, family, and other owners about your post-exit goals, needs, and wants. Find things that you want to do after you exit before you exit. Make sure that the business isn’t your life before selling. Each of these deal killers is preventable. You must discover and eliminate them before you take your company to market. Owners usually don’t have the time or experience to do this alone. We suggest working with planning-based advisors experienced in helping owners grow, protect and transfer business value.
Growing Through Mergers & Acquisitions
10 Questions to Ask Every Acquisition Target 70% to 90% of all acquisitions fail to achieve the results acquirers want. Why? Most often, failure is directly tied to the integration plan and frequently, to diligence that wasn’t quite as effective as it could be. According to a 2015 industry study by McKinsey & Company, companies with the best M&A results have strong capabilities in post-close integration. We’ve found that high performing M&A firms use the diligence exercise to gain critical insight into the target company, its management, key employees, its culture, and its customer relationships. They take a hard look at not only the financial numbers, but at the intangible assets that drive a company’s success plan. Most importantly, they have tools and processes to statistically document the value of the intangible and help them see into the future. They start building relationships with the potential target throughout the due diligence process, months before close. In every case, the expectation post-close is that the value of the deal will increase. So how do you predict future success? Here are ten questions our highest performing clients ask every potential acquisition: 1. How closely aligned is the target company to its customers, and specifically to customers’ needs and expectations? 2. Who are the target company’s best customers (those who buy the most)? How do those customers perceive the company’s strengths and areas for improvement? 3. What are the industry’s key attributes, why a customer selects one company to do business with over another — and how does the target company perform against those attributes? 4. What is the customer concentration? Is it good for the long-term? How much of the business’ revenues are controlled by only a select few? Is there still more growth to be had from these few customers? If so, how? 5. What is the company’s share of wallet by customer (not just market share)? 6. What are customers’ perspectives on industry competition and how the target company compares? 7. What unmet or underserved needs do customers have, not only from the target company but from the industry? Where are the opportunities that have not been capitalized on? 8. What is the cultural fit (if a bolt-on) or the cultural opportunity (if structuring a new platform)? How hard will it be for existing management and staff to execute a future roadmap that is both operationally-oriented and customer-centric? 9. What are the priorities and action plan post-close? (The acquirer and acquired should collaborate on this plan before the deal is closed.) 10. Where are the starting points? This enables acquirers to determine what the impact the acquisition has on overall performance. To do this, an acquirer should measure not only the synergistic savings and revenue Increases, but also how much improvement there is in customer loyalty, satisfaction, and share of wallet.
Six Tips for Creating Company Value
What drives the value of a business? This is a primary concern for most business owners, whether they’re looking to sell in the short-term or position their company for future success. 1. Create a Company Succession Plan Most companies do not have a formal company succession plan. Company succession planning differs from personal or family succession planning, as it focuses on forming the next generation team of key managers and employees in a company. A company succession plan creates value by: Company succession planning does not have to be complicated but should include mentoring, employee engagement, open communication, and fairness. Senior managers should not feel as though the company’s plans include replacing existing managers. Instead, company succession planning should be viewed as a process of grooming all employees to take the company to a higher level of performance and growth. 2. Don’t Forget Qualitative Factors Quantitative factors such as changes in revenues, gross and net margins, operating cost, etc. are easy to identify and therefore easy for owners to focus their attention on. However, companies with above-average valuations excel in both quantitative and qualitative factors. Don’t overlook areas like: 3. Take a Retirement Account Perspective We’ve run into numerous business owners who say things like, “I’ll worry about the value of my company when I start thinking about an exit strategy.” That’s like waiting until you’re 65 to check the value of your retirement accounts! Company value creation is an ongoing process, which includes: A value growth professional can help you think about your business as an investor as well as an owner. 4. Protect Existing Value For most companies, 75% of company value is in its intangibles. Some of those intangibles are trade secrets, intellectual property, proprietary methods and/or software, customer relationships, etc. Business owners should identify key value drivers, then takes steps to protect those key value drivers, which will protect company value. Most business owners limit their actions to protect company value to obtaining hazard insurance, worker’s compensation insurance, and liability insurance. There are other ways to protect company value, including: 5. Create Customer Value The traditional notion of customer value, where benefits minus cost equal customer value, may seem simple but can be much more complicated in practice. Customer benefits and cost can be both direct and indirect, as can be customer value. Moreover, the right set of customer benefits can create barriers to entry and/or competitive advantages. Many business owners argue that customer value is created by providing consumers with the lowest price, highest quality, and best service. Unfortunately, those three factors are often at odds with one another. Instead, consider adopting a customer-centric approach, taking into account factors like: 6. Plan Ahead Business owners who don’t plan often find that they spend most of their time putting out fires. Planning allows company owners and managers an opportunity to set proactive goals and objectives for the intermediate future, as well as identify solutions for key business issues. A great starting point for long-term planning is to conduct analyses around issues like: Why your company is relevant to existing and future customers The list of tips shared here is far from exhaustive, but can serve as a guide for future initiatives. If you have any questions, feel free to contact us.
Are You Ready To Sell Your Business?
Here are a few industry inside secrets that may help you decide.
Things to Know about terms and conditions for SBA
Top 5 Things to Know about Terms and Conditions for SBA Loans
