The Importance of a Business Plan When Buying or Selling a Business

The Importance of a Business Plan When Buying or Selling a Business

A business plan is a valuable tool for both startups and established companies. For new businesses, it can be an essential part of getting financing and established businesses can use it to reevaluate their goals or keep them on track. A well-crafted business plan can...

Seizing the Momentum: Is 2024 the Right Year to Sell Your Business?

Seizing the Momentum: Is 2024 the Right Year to Sell Your Business?

The past few years have tested the resilience of small business owners, who have had to grapple with challenges ranging from a global pandemic to labor shortages and most recently, inflation. As we begin 2024, Southwest Florida business owners are faced with a pivotal...

Year-End Tax Moves for Small Business Owners and Potential Sellers

Year-End Tax Moves for Small Business Owners and Potential Sellers

With a new year just around the corner, many small business owners are looking for last-minute year-end tax maneuvers. While developing a sound tax strategy should begin with meeting with your accountant or tax-advisor, there are some basic moves you can make to help...

Things You Should Know Before Buying an Existing Business

Things You Should Know Before Buying an Existing Business

Investing in an existing business is a great way to become an entrepreneur and reap the benefit of immediate profit without having to start something from scratch. When you start a new business, there are a lot of growing pains that you have to endure before you start...

The Financial Benefits of Buying a Business

The Financial Benefits of Buying a Business

For anyone who dreams of becoming a business owner, there are two primary options: buy an existing business or start one from scratch. Buying a successful, proven business has some clear benefits over starting from the ground up. These include having an established...

Getting Your Business to Run Without You – Part 1: Knowing Your Vision

Getting Your Business to Run Without You – Part 1: Knowing Your Vision

When a business is running smoothly, it can be incredibly satisfying. Not only is it profitable, but you can choose your own hours, who you do business with and the direction of your career. On the other hand, if it’s not running smoothly, you can find yourself at the...

The Most Important Financial Metrics for Small Business Owners

The Most Important Financial Metrics for Small Business Owners

Running a business can be difficult enough, without also having to track and prioritize your company’s financial metrics. While you may have a CPA or a bookkeeper tracking these things, it is important to understand which metrics are the most important, so you have a...

How to Handle the Emotional Impact of Selling a Business

How to Handle the Emotional Impact of Selling a Business

Selling a business is never easy, especially when you’ve spent several years, or even decades building it. This is not only due to the huge amount of preparation required to get it on the market, but also the personal connection you’ve developed with it over the...

Critical Issues to Address Before Selling Your Business

Critical Issues to Address Before Selling Your Business

As a business owner, you know how hard it is to build, grow and run a company. Why would you invest all that time and effort and then risk selling your business for less than it’s worth, or not realize its full potential? Nobody wants to do that, and yet many business...

Understanding How EBITDA Can Affect the Sale of Your Business

Understanding How EBITDA Can Affect the Sale of Your Business

Most business owners want to do whatever they can to reduce their tax liability. To achieve that, they do whatever they can to reduce their company’s cash profits including deducting several additional expenses. If you use this strategy, it is a perfectly legal and...

Finding the Right Advisor to Help Sell Your Business

Finding the Right Advisor to Help Sell Your Business

Selling a business is a daunting task that no business owner should try to do on their own. Running your own business is difficult enough without also having to simultaneously entertain potential buyers and deal with back-and-forth negotiations. Working with an...

5 Expert Tips to Know Before Selling Your Business

5 Expert Tips to Know Before Selling Your Business

The process of selling a business can be very intricate. A successful sale requires being in tune with what buyers are looking for and addressing any potential risk factors. Consulting with a professional business broker can help shed light on what your business needs...

Tax Considerations to Make When Planning Your Exit

Tax Considerations to Make When Planning Your Exit

Even if you aren’t ready to sell a business, you should have an exit strategy in place so you can plan for a  financial future when you are no longer part of your company. Part of creating this strategy is considering the role that taxes will play so that they don’t...

Getting Your Business to Run Without You – Part 1: Knowing Your Vision

How Your Business Could Be Worth More if You Stopped Working So Hard

Many business owners operate their companies believing that they have to work a full-time schedule, or more, to be successful. The idea that this is necessary to run a successful business is a myth. You might feel like you must be involved in every decision, be...

Find More Buyers by Pre-Qualifying Your Business for an SBA Loan

Find More Buyers by Pre-Qualifying Your Business for an SBA Loan

When creating an exit plan for a business, whether you plan to sell it or groom a successor, you must prepare well in advance. If you’re planning to sell, you need to focus on how to effectively market your business to buyers. While you may have a specific type of...

Steps to Prepare for Your Post-Sale Life

Steps to Prepare for Your Post-Sale Life

Most business owners have dedicated a large portion of their lives towards growing their businesses. They have made countless sacrifices along the way. Even though many also get caught up in the day-to-day stresses of their companies and get burned out, their ventures...

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