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 …
The Contingency Plan: Fulfilling Your Vision – Even if You Are Not Here to See It
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 …
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Death, Taxes, and Selling Your Business
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
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 …