After all the decisions have been agreed upon, it is finally time to prepare for the closing.  Although an attorney will prepare the closing documents, it is important to be prepared and understand what to expect.  An advantage of buying an ongoing business is that the business continues t

A buyer purchases a business based on the financial history of the business, so good financials of a business that is performing well and has growth potential are important to see if there will be a good return on the investment.  Many purchasers of businesses know very little about finances an

Whether you are a business owner or someone considering the purchase of a business, it is important to look at the strengths and weaknesses of the business.  This will help you find ways to make it grow and be more successful as you make plans for the future.   Good communication is essen

I'm pretty sure everyone is familiar with the phrase, you reap what you sow, which we have heard since we were small children.  This is true when owning a business. Whether you are a business owner or planning to be one, you understand the work ethic involved.   Hard work and dedication a

As a business broker, I have been asked by business owners many times if they really have anything to sell since they have few assets. Of course, they are hoping they do since they called me. The answer is a definite yes. When you sell a business, you are actually selling the cash flow, which is use

Women, like men, enjoy the idea of being in control and the ability to take risks that enable them to earn more profits. As it has been more difficult for women to move up the corporate ladder, owning a business is a natural option. A large percentage of businesses are owned by women. Through a comb

As a business owner, you will often feel stress. There is good stress that gives you energy and helps you complete necessary work for the company. Bad stress is what we usually think of when we mention stress, and it must be controlled before you can act effectively in your business. Unless you can

There are certain terms that you should know if you are buying a business. It is, however, important to know that you don’t have to know everything. You just need to know who to contact for help and advice.It is good to select an accountant and an attorney to help you when needed. The business

As a business owner, you will at some point likely make the decision to sell your business. Whether you have owned the business for many years or only a few years, you will probably wonder if it is a good time to sell your business. People sell businesses for various reasons, some of which are retir

Work can be a very positive force in our lives, and most people prefer working to not working. Work provides meaning for our lives and gives us goals, challenges, friendship and support. Since people want different things and because their needs change over time, the key to encouraging hard work is

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