PURCHASING AN EXISTING BUSINESS: BENEFITS AND DISADVANTAGES
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Business News
FLORIDA TOPS LIST FOR MOST BUSINESSES SOLD ON BIZBUYSELL
Florida topped BizBuySell’s list of most businesses sold for the fifth consecutive year, selling 1,619 businesses, 37% more than California in second place. Florida’s three major metro areas accounting for the majority of businesses sold in the state were the Tampa Bay Area with 413 business sales, Miami-Fort Lauderdale with 392 business sales, and Orlando with 194 business
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THE PATH TO ENTREPRENEURSHIP FROM PLANNING TO BUSINESS OWNER
With more than 500,000 businesses changing hands every year, it presents an excellent opportunity for those who have a desire to own their own business.
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FEDERAL RESERVE APPROVES 11TH INTEREST RATE INCREASE
In July, the Federal Reserve raised rates a quarter-percentage-point bringing the benchmark federal-funds rate between 5.25% and 5.5%. The Fed’s decision last month brought the interest rate to its highest level in 22 years, marking the 11th rate increase since March 2022. Jerome Powell, president of the Federal Reserve, indicated that it was too early
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BABY BOOMERS RETIREMENT CREATES NEW BUSINESS OPPORTUNITIES
Baby Boomers, those born between 1946 and 1964, account for a significant portion of the small business community in the United States and many are now approaching retirement age, with the last of the boomers reaching full retirement age in 2031. According to industry experts, a “Silver Tsunami” is expected to occur as these
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WHAT IS A BUSINESS VALUATION AND WHY DO I NEED ONE?
Deciding if it’s time to sell, take on investors or begin planning for succession, getting a business valuation is a crucial step…
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THE FEDERAL RESERVE PAUSES INTEREST RATES BETWEEN 5% AND 5.25%
In a unanimous decision Wednesday, June 14, Federal Reserve Officials agreed to hold the benchmark federal-funds rate steady at a range between 5% and 5.25% after a streak of 10 consecutive increases in the fastest rate rise since the 1980’s. Last week’s economic projections strongly indicated that officials are leaning toward reducing interest rate
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BENCHMARK FEDERAL-FUNDS RATE HITS 16 YEAR HIGH
A quarter percentage point increase in interest rates was approved by the Federal Reserve last Wednesday, bringing the benchmark federal funds rate to a range between 5% and 5.25%. With this decision, the Federal Open Market Committee delivered its tenth consecutive rate increase aimed at battling inflation, bringing the new benchmark federal-funds rate to a
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THE BENEFITS OF TECHNOLOGY FOR SMALL BUSINESSES
While many companies continue to struggle to establish a new normal following covid, updating and adding new technology can help small businesses…
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