Posts Tagged“small business”

In the event you are looking to buy a company, how far along are you in the process? Owning a company can be one of the best decisions you make in your professional and personal lives. With that idea in mind, what are some of the key steps you need to take if this is the road you want to pursue? Use Commonsense When Looking to Buy When headed in the direction of buying a small business, here are a few pointers to help you out: Do your research – When you come across companies up for sale, knowing as…

Do you ever take time to reflect on where exactly your small business is and where it may be heading? By being pro-active about the business you have, you are in a better position to succeed over the long haul. That said is there a reason or reasons your small business may be in danger these days? Money is Often the Number One Culprit In looking at your business, here are three reasons you could be in or entering the danger zone: 1. Not enough capital – One of the roadblocks many run into is when they do not have…

  If you’re a business owner you know that watching the costs of doing business is important – especially so if you (like everyone else out there) wants to succeed. And yet despite all of the hard evidence to point to the fact that watching your finances is vital for a business to grow, we have seen countless businesses that have grown too fast, and then crumbled under the strain of not performing their financial assessment properly. While it doesn’t seem particularly difficult, apparently the task of spending less than you earn is something that escapes many businesses! We know…

Shutting down the business that you have operated for countless years? Whether the end has been brought about by a desire to do something different with your life, retirement, or by adverse economic circumstances, there are a number of steps that you need to follow before it can be legally closed. Mark Stiffler went through the same process last year, as he closed down his successful sales management firm after 25 years in business; if he can do it, so can you. Here’s what you need to do: 1) Settle all accounts receivable When you are in the process of…