2024-04-24 07:09
Have you thought about taking out a loan to buy a business? Many owners do.
There are lots of loan options to cover the costs of buying a business—and the operational costs that follow… Read More
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Resources for people who want to start, grow, or exit their businesses.
2024-04-24 05:39
Buying a business is a complex process. One of the smartest moves you can make is to spend time studying what it means to buy a business, weighing the pros and cons of acquisition, and under… Read More
2024-04-09 18:46
A knowledgeable business accountant is a must for any small business acquisition—and for all the work that follows.
Here’s why: An accountant can help you make sense of your tar… Read More
2023-01-09 18:49
Buying a business? It's a must to include an attorney on your team, especially as you work through the complex parts of the acquisition.
But which kind of legal practice you need? And which… Read More
2023-01-09 16:32
Your research, conversations with key industry players, and searches on business listing sites should help you find some high-potential businesses that align with your interests and goals. U… Read More
2023-01-09 16:10
You’ve spent months searching for a business to buy, pouring through financials, negotiating offers, and navigating financing. Now you’ve closed on the deal, and a new series of… Read More
2023-01-09 16:03
Looking for a pro who can help your customer service team perform at its best?
Consider these options:… Read More
2023-01-08 21:42
Have you hired employees? Do you plan to do so in the near future? If so, be sure to connect with your state or territory labor office to learn the steps you'll need to follow. You can find… Read More
2023-01-08 14:57
An accountant can play an important role in helping you sell your business. They can organize your company’s financials and tax returns, ensure that your business demonstrates its full… Read More
2023-01-08 13:47
Looking for a collections team to help you collect on past-due accounts?
Consider these options:… Read More
2023-01-08 12:25
When selling your business, potential buyers will want to view some of your core business documents. Financial, procedure, and personnel documents are just a few your buyers might request. T… Read More
2023-01-06 19:04
Network infrastructure downtime is sometimes unavoidable. Even the most advanced networks in the world at places like Amazon, Google, Microsoft, and Facebook have gone dark for hours at a ti… Read More
2023-01-05 17:45
It can be exciting to find a small business that meets your criteria for acquisition. But before pressing forward with an offer, take some time to examine the business thoroughly so that you… Read More
2022-10-11 06:29
Your business’s website is one of the most important tools in your arsenal. Once a tool to list the products and services you offer, it’s now a means to share who you are, what… Read More
2022-10-10 17:37
Want to expand your business (or overcome stalls in growth)? You might look to new markets to extend your reach and build your customer base. This strategy is a good one for many businesses… Read More
2022-10-10 15:18
Most often, your revenue will come from delivering high-quality products or services to your customers. But, sometimes, you can boost your bottom line by introducing other revenue streams. T… Read More
2022-10-10 14:13
A 2020 survey found that 88 percent of consumers in the United States used coupons or discount codes when shopping online. This popular shopping practice extends to Etsy, where up to 71 perc… Read More
2022-10-10 10:43
Most small businesses rely on outside sources of funding, especially when they’re starting up or ramping up to expand their operations. Most turn to private investors, lending groups… Read More
2022-10-10 08:17
Using social media for your business is vital, but it’s not enough to simply post content. You need to track the results of your social media campaigns to see what’s working&mda&helli…Read More
2022-10-10 07:54
As a business owner, you know the importance of growth. You may already be growing organically through increased awareness, by building a steady stream of loyal customers, or by slowly exte… Read More
2022-10-09 20:39
One of the first things you’ll need to do after incorporating your business is arrange your first board meeting. This meeting is important for setting the tone and long-term direction… Read More
2022-10-09 20:20
Many small business owners find it hard to delegate tasks, not only because their business is a product of their blood, sweat, and tears but also because they’re used to wearing all t… Read More
2022-10-09 19:20
One of the best ways for your small business to attract and retain an employee is by offering them benefits. In this article, you’ll learn about the small business employee benefits yo… Read More
2022-10-09 16:53
Your site is selected. Your team is in place. You've got a killer concept and a menu to match. All of that matters, and yet none of it counts unless you have a plan for helping customers fin… Read More
2022-10-09 13:58
Maybe you've heard about the benefits of buying a small business, and you've even decided which kinds of operations you want to buy to build wealth and secure a steady stream of income. But… Read More
2022-09-30 15:14
This article on creating financial projections for a new restaurant is a guest post, brought to you by the team at ProjectionHub. ProjectionHub is a leading provider of 50+ industry-specifi… Read More
2022-09-16 07:27
Every day, groups of people search for businesses to buy. Many do this to achieve their goals of entrepreneurship, expand their market, or attain strong returns on their investments. Some bu… Read More
2022-09-15 20:10
If the success of your business depends on inventory, parts, inputs, or other entities’ products, you'll vendors and suppliers who will help your operations run smoothly. What matters?… Read More
2022-09-15 18:31
You can wow your guests with a great meal, great setting, and a great experience, but getting them to come back as regulars can be a tall task, especially when you're in an area with countle… Read More
2022-09-15 16:52
One of the biggest headaches of running a restaurant is employee scheduling—and reconfiguring shifts as changes occur. Fortunately, app and software developers have created some soluti… Read More
2022-09-14 14:23
Loans are one of the most common sources of capital for small business startups. For your venture, you might consider one of three kinds of loans that commercial and community banks offer: a… Read More
2022-09-14 14:12
Will your idea succeed? The answer can depend on the people you bring on board. That's why it's vitally important that you hire good, capable, accommodating employees for your small business… Read More
2022-09-14 14:04
It can be expensive to start a new business. Partnering with another person can be a great way to cover those early costs and build up some liquidity. Read on to learn whether partnership co… Read More
2022-09-14 11:26
There are many ways to finance a business. One that few business owners consider is an asset-backed loan, an option that allows them to leverage the assets their small business owns.
Lots of… Read More
2022-09-14 11:24
Real estate, equipment, inventory, technologies, wages, and insurance are some of the many costs you’ll need to cover when starting a new business. Those costs can be substantial, and… Read More
2022-09-14 10:50
Angel investors are individuals or networks of people who want to find and invest in new, small, or growing businesses to provide them with capital for startup or expansion. They provide a f… Read More
2022-09-14 10:36
Do you need a permit or license to run your small business? You might, depending on your line of work, location, and certain government rules.
In this article, we’ll break down some of… Read More
2022-09-14 10:11
Most businesses are required to register in the states or territories where they'll conduct “business activities.” These activities might include maintaining an office, facility… Read More
2022-09-13 16:06
A great way to grow your restaurant's sales is to offer online ordering. You can certainly set up your own system for taking online orders, especially with a web developer's help. But, often… Read More
2022-09-13 14:16
Your customers will want to know who you are—and what you serve—before they'll be willing to give your restaurant a try. There's no better way to take on this task than to desig… Read More
2022-09-13 13:22
Great customer service is one of the best, most important ways to differentiate your business, and fortunately, there are lots of best practices you can adopt to build up this important comp… Read More
2022-09-12 06:06
Looking for a business to buy? Once you find one and pour through its documents, financials, and records, you'll need to evaluate the price of the business and make sure it's reasonable for… Read More
2022-09-11 14:15
Seller financing is often a great option for covering the costs of a business that's for sale. Sometimes called a seller’s note, this form of financing is a loan the present owner of t… Read More
2022-09-11 08:33
Most franchises ask owners to work a minimum number of hours onsite each week. Many want their owners to commit to a full-time schedule at their site. Others are more flexible with how and w… Read More
2022-09-10 21:45
Virtually every business needs a system to collect payment and track sales. New point-of-sale (POS) systems are robust tools and have a wide range of features that make them all the more wor… Read More
2022-09-10 09:37
Employee scheduling can be a manager’s nightmare, but it’s a must-do task. Here's why. It can help you take on workflows, meet customer demands, and accommodate your employees'… Read More
2022-09-10 09:27
If you plan to buy into a franchise, you may be wondering about the SBA loan program you can use to cover the costs of a new business or franchise. Named after the Small Business Administrat… Read More
2022-09-10 08:43
Your small business employee handbook outlines the rules and expectations you, the employer, have for your team members. Your handbook should inform and instruct your team. It should clarify… Read More
2022-09-09 14:57
Once you’ve found a business that meets your criteria and you’ve vetted it with your accountant and attorney, you'll start developing your offer. You probably know you'll get som… Read More
2022-09-09 14:45
There are lots of ways to finance a business acquisition. Few prospective business owners consider lease-to-buy, an option that can allow you to run an existing business without paying a lar… Read More
2022-09-08 14:11
If you're an aspiring entrepreneur who wants to buy a business instead of starting one from scratch, you likely know about the popular business brokerage websites. Many owners spend months o… Read More
2022-09-08 09:32
Closing on your new business is a major achievement. Celebrate it by planning a grand reopening event that reintroduces your business to your community.
In this guide, we'll show you some st… Read More
2022-09-07 18:53
Seller financing is often a great option for buying a business. Let's dive into what it is and why it might be a great financing strategy for you to consider.
What is seller financing?
Some… Read More
2022-09-06 13:19
More than ever before, customers are putting their dollars behind business entities that engage in fair, ethical practices, take stands for what’s right, and commit to initiatives that… Read More
2022-09-05 05:50
Distressed businesses exist in every industry. Some can be great opportunities, especially when they're purchased for a low price and can be infused with small amounts of capital and simple… Read More
2022-09-04 06:12
Over time, some logos grow stale. This is especially true for logos that lean heavily into a design element that’s no longer popular. These elements could include antiquated fonts, unr… Read More
2022-09-01 14:22
According to a recent study, nearly 90 percent of consumers now read reviews for local businesses as part of the product or service selection process. Many base their buying decisions on wha… Read More
2022-08-20 09:10
Retirement plan selection is a task you can't afford to get wrong. Here's why.
Retirement savings plans are one of the most highly requested benefits among job seekers and job hold… Read More
2022-08-17 10:27
Trends can pay off in big ways for business owners ready to capitalize on them. Sometimes, being in the right position comes down to luck. At other times, it’s a stroke of genius. Thos… Read More
2022-08-15 13:20
Even after closing your doors, your business will continue to receive mail that’s necessary for future tax filings and the records you keep. Take this simple step to ensure your busine… Read More
2022-08-15 06:11
Once you’ve closed your business, many of your obligations come to an end. Recordkeeping is not one of those obligations. By law—or in some instances, best practice—you sho… Read More
2022-08-14 09:18
After reading the franchise disclosure document (FDD) and taking part in discovery day, you may be given a franchise agreement. Franchise agreements are complex, legally binding documents. T… Read More
2022-08-10 06:07
It can be tough for customers to distinguish between two rival brands, especially when the price points, products, and services they offer are relatively the same. When they can't detect tru… Read More
2022-08-09 17:12
When you find a business you'd like to purchase, your attorney will draft a letter of intent (LOI) to indicate your interest. This document is usually non-binding, meaning its terms can be r… Read More
2022-08-09 17:10
Before you decide whether buying a business is the right path for you, take some time to learn about the pros and cons of buying an established business. There are benefits and opportunitie… Read More
2022-08-09 16:56
Wondering how to buy a business?
Many people do, especially when they see the benefits others have achieved by taking this path.
It isn't just that buying a business is a good way to run an… Read More
2022-08-08 08:43
Every franchise has a set of requirements prospective owners must meet to begin the ownership process. In this article, you'll learn about these requirements and how they can vary across fra… Read More
2022-08-08 06:24
Some businesses look risky to buy. Owners make promises that can't be verified, or they make projections that seem too lofty. When this happens, you can pitch an offer that will compensate t… Read More
2022-08-08 06:21
Due diligence is one of the most important tasks you’ll take on when buying a business. Through the process, you’ll study the business’s financial documents, policies, and… Read More
2022-08-08 06:09
Location is a factor you can’t afford to get wrong. As a new owner, you must spend time assessing your market, studying traffic patterns, and finding the locations where your target cu… Read More
2022-08-08 05:40
Franchise fees, real estate, equipment, and inventory are some of the many costs you’ll need to cover when starting a franchise unit. Together, those costs can be substantial, and to a… Read More
2022-08-08 05:25
An attorney can be an invaluable member of your team, especially as you work through the startup stage of your business.
But for many, it can be tough to figure out which kind of legal pract… Read More
2022-08-08 05:15
Many sites list franchise opportunities, making it easy for prospective owners like you to find and compare options. But, sometimes, franchise options can be overwhelming. This is especially… Read More
2022-08-08 04:50
As your business grows, you may need some assistance navigating the everyday tasks of operations, including signing checks, paying bills, and handling your business’s banking needs. On… Read More
2022-08-08 03:17
If you choose to rent a storefront or commercial property, you may be required to sign and abide by a commercial lease agreement. In this article, we’ll explain what commercial leases… Read More
2022-08-08 00:22
When you're evaluating a franchise for purchase, one of the documents the franchisor will share with you is the franchise disclosure document (FDD). This document, which is also known as a u… Read More
2022-08-07 14:58
If your business has employees, you’re required by law to file and maintain certain records on their behalf. In this guide, we’ll help you work through those requirements.
Which… Read More
2022-08-07 13:19
A business broker's agreement—sometimes called a client engagement agreement—often includes terms regarding exclusivity, termination, retainers, the timing of payment, and tail p… Read More
2022-08-07 09:55
Early in the closing process, you should tell your employees your plans to close and dissolve your business. Federal and state laws specify when and how you should navigate this process. Her… Read More
2022-08-07 09:24
When you're buying a franchise unit, cost may be one of your biggest deciding factors. But what you may not know is that the asking price of a unit is only the beginning. Here are eight cost… Read More
2022-08-02 10:31
If you employ others—and plan to make more hires as you grow and scale your business—consider applicant tracking systems (ATS) to simplify your hiring process.
Most ATSs can help… Read More
2022-08-01 14:19
Thinking of starting a business? If you're like many, you may be grappling with some of these questions:
How do I get started?
When should I get started?
What do I need to do now, next… Read More
2022-08-01 02:18
Loans are one of the most common sources of capital for funding a small business acquisition. Many banks offer three kinds of loans you might consider for your acquisition. These are term l… Read More
2022-08-01 00:00
Almost every business listing on business brokerage sites follows a specific format. It can be great to have this consistency—and benefit from the apples-to-apples comparisons brokers… Read More
2022-07-28 14:49
Historically, minority business owners have been up against more challenges than others in building a successful, thriving business. Fortunately, the U.S. government and other agencies are w… Read More
2022-07-28 06:26
Labor costs may be one of your biggest expenses. And, if you're like many business owners, this could be a place you're looking to cut costs. Of course, drastic cuts to these costs can hurt… Read More
2022-07-28 05:54
There are many steps to closing your business. After completing projects, selling assets, and paying debts, you'll need to make sure that the final tax filings for your small business are co… Read More
2022-07-26 06:28
One of the easiest ways to save your business money is to reduce your income tax bill. Doing this means claiming the tax deductions that apply to your business. But which business expenses a… Read More
2022-07-26 06:06
Will your franchise succeed? The answer can depend on the people you bring on board. That's why it's vitally important that you create a plan to hire good, capable, accommodating employees f… Read More
2022-07-14 23:11
Businesses listed on business brokerage sites often follow a specific format. It can be great to have this consistency—and benefit from the apples-to-apples comparisons brokers tr… Read More
2022-07-14 14:31
Every business has accounting needs. There are financial standards, valuations, and tax concerns to keep up with and work through. There are also financial strategies to compile and forecast… Read More
2022-07-02 11:37
When you apply for financing for your new restaurant, your lender may ask you to submit a business plan along with your loan application. This plan is a critical piece of the loan review pro… Read More
2022-07-02 09:00
Two of the most difficult parts of buying a business are learning to evaluate the asking price and proposing a fair offer. In this article, you'll learn:
How sellers, brokers, and valuati… Read More
2022-07-02 08:29
When you apply for an SBA loan, a term loan, or another form of financing, you may need to present the lender with a business plan for your franchise. This plan will describe your business&r&hell…Read More
2022-07-02 08:20
Once you’ve found a business that meets your criteria and you’ve vetted it with your accountant and attorney, your focus can shift to developing your offer.
How should you… Read More
2022-07-02 00:00
When you apply for an SBA loan, a term loan, or seller financing for a business you plan to buy, you’ll need to present the lender with a business plan. Business plans developed for co… Read More
2022-07-01 14:22
When you apply for financing for your new business, your lender may ask you to submit a business plan along with your loan application. This plan is a critical piece of the loan review proce… Read More
2022-07-01 13:16
When you apply for an SBA loan, a term loan, or seller financing to buy a business you’ll need to present the lender with a business plan. Plans developed for conventional lenders will… Read More
2022-06-29 01:06
Too many people tell small business owners that they can't attain grants. But the truth is that there are quite a few agencies, corporations, and nonprofit groups that offer grants for small… Read More
2022-06-28 10:50
Lots of work goes into starting a small business, and your first day is a major achievement for you as an entrepreneur. Celebrate it by putting together a grand opening event that introduces… Read More
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