Guiding Entrepreneurs Toward Success
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 …
10 Scams to Look Out for When Selling Your BusinessRead More
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 …
How to Grow a Company While Balancing Family and a 9-5: Vendor Highlight Wendy GrantRead More
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 …
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 …
Exit Strategies for Small Business Owners: A Summary GuideRead More
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 …
We all know that every day is a gift; none of us know what tomorrow holds in store for us. As a business owner, one of the most important things you can do to preserve your business, your legacy and protect your family in the event of an unforeseen event is to have a detailed …
The Contingency Plan: Fulfilling Your Vision – Even if You Are Not Here to See ItRead More
Death taxes and selling your business. As 2020 has thankfully ended and you continue to plan for 2021, one of the most important questions you need to ask yourself is: Am I and my business prepared for the unplanned? As we all learned in 2020, the unplanned will pop up suddenly. A global pandemic, an …
Three Pillars of a Successful Exit Plan The decision to sell your business or take on an outside investor is not a singular event, but an ongoing strategic process defined as Exit Planning. Most business owners avoid preparing an exit plan because they do not have a clear understanding of the process, or …
Do I really need an Exit Plan? “In this world nothing can be said to be certain, except death and taxes”. This quote has been widely attributed to Benjamin Franklin and has endured for hundreds of years. I would like to add a third certainty to this phrase; “at some point you WILL exit your …
Proper financing is the lifeblood of your business, and the financing you choose impacts how you will grow. This blog post describes the four most common ways of financing your business as well as sources and forms of financing.
