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The Essential Role of Corporate Social Responsibility
If you’re not entirely familiar with Corporate Social Responsibility (CSR), you are not alone. While this word is getting used more and more often, many people are still not familiar with the concept. Yet, CSR has become a critical focus for … Read More »
3 Meeting Tips for Buyers and Sellers in Business Transactions
When buying or selling a business, the initial meeting between the buyer and seller can be a critical turning point. This meeting often sets the stage for the future of the deal. After all, the buyer’s first offer typically arrives right after this … Read More »
5 Questions to Ask Before Purchasing a Global Business
Purchasing a business abroad involves unique challenges and factors. There are considerations to keep in mind that you typically won’t face when buying a local business. The decision to invest internationally is complex and influenced by various … Read More »
Top Four Reasons Why Buying an Existing Business May Be Smarter Than Starting One from Scratch
When people dream of becoming business owners, they often picture launching their own venture. They may picture building something from nothing, and the fulfillment of turning a concept into a company. While exciting, this path comes with plenty of … Read More »
Key Considerations Before Buying a Business
When considering the purchase of a business, asking the right questions is essential. Whether you’re a first-time buyer or a seasoned entrepreneur, you’ll want to avoid unpleasant surprises down the line. One way to do that is to be proactive and … Read More »
Co-Branding: A Strategic Business Partnership for Success
The concept of combining businesses is a tried-and-true strategy. A classic example of this strategy is the tailor next to the dry cleaner. This is a combination that has been part of commerce for a long time. Today, however, this partnership model … Read More »
Thriving in the Modern Business World
As we step further into the 21st century, the landscape of business is changing. While there are always new challenges on the horizon, the core principles of achieving success in business remain largely unchanged. Have you considered how well you’re … Read More »
Recognizing Trouble in Your Business Before It’s Too Late
Businesses can face various challenges, and many issues that arise are not always immediately obvious. However, there are common signs to look for when a company is in trouble or headed in that direction. Recognizing these signs early is crucial, as … Read More »
Post-Closing Steps for a Successful Transition
Once the deal is sealed and the closing is complete, many business owners might think their job is done. However, ensuring that the transition to the new owner goes smoothly is crucial not only for the business’ continued success, but also for … Read More »
The Importance of a Professional First Impression
In today’s business world, effective communication is paramount, and the telephone remains one of the most essential tools for engaging with clients, prospects, and partners. Automated answering services, voicemail systems, or hold music can … Read More »
The Risks of Under-Reporting Income for Business Owners
One of the most critical questions for prospective buyers, investors, and lenders is understanding a business’s true income. However, it should come as no surprise that the party most invested in uncovering this information is the Internal Revenue … Read More »
Understanding the Odds of Selling a Business
When it comes to buying or selling a business, we often get asked two common questions: “How many businesses are for sale?” and “What percentage of businesses on the market actually sell?” To get a sense of the market, it’s important to break things … Read More »
The Entrepreneur: Understanding Strengths and Weaknesses
Entrepreneurs are typically dynamic and driven individuals who play a critical role in driving innovation. However, to succeed, they must leverage their strengths while being mindful of their weaknesses. By understanding both, entrepreneurs can … Read More »
Does Your Company Have an “Orphaned” Product or Service?
Many businesses have a product or service that’s performing reasonably well, perhaps even thriving, but doesn’t quite align with the company’s core offerings. It’s often called an “orphaned” product—a good or service that is disconnected from the … Read More »
Leveraging Customer Feedback to Improve Your Business
If your business interacts with customers, it’s inevitable that at some point, you will receive customer complaints or negative feedback. The key to turning these situations into opportunities is how you handle them. Ignoring or dismissing customer … Read More »
3 Steps to Sell Your Business Quickly and Efficiently
Before delving into the specific steps that benefit business owners who are looking to sell quickly, it’s crucial to understand the buyer’s viewpoint. For many buyers, purchasing a business is a once-in-a-lifetime event, often involving significant … Read More »
You Have a Buyer for Your Business – Now What?
While learning that you have a serious buyer for your business may feel like a cause for celebration, it’s important to hold off on the champagne. The journey from a buyer expressing interest to a finalized sale involves several steps, and your … Read More »
