As a 5-time entrepreneur and succession planner, I know that the lifeblood of any organization is its salesforce. No matter what industry you are in, a company’s revenue stream is one of the key factors in determining its current value for potential buyers. For this vendor highlight, I sat down with Bob Foley of Frontrunner …
How to Add Millions to The Value of Your Business Using EBITDA Adjustments
As a 5-time entrepreneur who has helped several businesses increase their value, I know what it takes to run a successful business. If you’re trying to figure out what your business might be worth, it’s helpful to consider what acquirers are paying for companies like yours these days. According to Oberlo, the number of small …
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10 Scams to Look Out for When Selling Your Business
As global business increases with technology, so does the reach and rate of business scams. As you consider selling your business you are particularly vulnerable to attempts of being scammed. If the sale of your business is your plan for funding your retirement, approach a sale with an abundance of caution Preparing your business for …
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How to Grow a Company While Balancing Family and a 9-5: Vendor Highlight Wendy Grant
This month’s Vendor Highlight is Wendy Grant, founder of Wenvia. I had a chance to sit down with Wendy and discuss her journey as an entrepreneur who started her business during the plight of the pandemic. Hi Wendy, tell me a bit about your business? Living within the confines of my home during the pandemic …
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Strategic Partner Spotlight – Synergy Corp: Should you work with a PEO (Professional Employer Organization)
Written by Jack McCollum of Synergy Employer Consulting Services A professional employer organization (PEO) is often considered a cost-effective alternative to hiring a large HR department. According to Wikipedia, a PEO is defined as: “A professional employer organization (PEO) is an outsourcing firm that provides services to small and medium-sized businesses (SMBs). Typically, the PEO offering may include human …
Exit Strategies for Small Business Owners: A Summary Guide
There comes a time for everyone to move on from the business they’ve created– some happier reasons than others. But even if you’re just starting, having an exit strategy for your business will help prime you for success, rather than leaving value on the table when the time comes. This guide will walk you through …
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6 Reasons Nobody Wants to Buy Your Business
Why does nobody want to buy my business? 80% of businesses listed for sale never sell. If you have been counting on the proceeds from the sale of your business to fund your retirement, the burden of not being able to sell can be devastating. A good market strategy for any products or service is …
20 Red Flags to Look Out for When Buying a Business
Buying a business is an opportunity to skip the growing pains of launching a startup. It’s a chance to start with a proven model with customers and cashflow. How can you tell if the prospective business is a genuine investment opportunity or a disguised escape route for a burnt-out owner? The following is a list …
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Worried About Selling Your Business? You’re Not Alone
If you’re a business owner looking to retire soon, chances are you have a lot on your mind. You might be asking yourself: Am I really ready to retire? Is my business worth enough to warrant a buyer? If I do sell, will what I get be enough to help me live in retirement comfortably? …
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How to Sell Your Business For What it’s Worth
How do I sell my business? Such a simple question. Unfortunately there is no simple answer. When it comes to selling a business, one size does not fit all. The answer is a series of additional questions that need to be addressed first: Have you considered what you will do once you are no longer …