In the aftermath of two years of COVID restrictions, restaurants that were struggling are experiencing a significant increase in demand for dining out and socializing with friends in local restaurants. A growing number of niche establishments that offer quality, unique products at an affordable price are also becoming more popular as inflation continues to be […]
GROWING POPULARITY AMONG RESTAURANTS AND NICHE VENUES Read More »
One of the most important things an entrepreneur needs to consider when creating a business is creating an exit strategy, as without it they may be limiting their options in the future. This is a plan that addresses all the business stakeholders, finances, and operations, and outlines what needs to be done in order to sell
WHAT IS AN EXIT STRATEGY AND WHY YOU SHOULD HAVE ONE Read More »
While purchasing a business is a big deal, here’s a few things you should know if you want to be an absentee owner of a business.
A FEW THINGS YOU SHOULD KNOW ABOUT BEING AN ABSENTEE OWNER Read More »
The Federal Reserve has approved another quarter-point increase in interest rates but has signaled that financial turmoil may end its rate-hike campaign sooner than anticipated. This is the ninth consecutive increase in interest rates since last year to combat increased inflation. The new benchmark federal-funds rate range is now at 4.75% to 5% the highest
FEDERAL RESERVE APPROVES NINTH INCREASE IN INTEREST RATES Read More »
39% of businesses sold in 2022 were service businesses, showing high demand for what are often seen as low-risk options…
SERVICE BUSINESSES ARE IN DEMAND Read More »
Selling a business is a big decision, utilizing a business broker to help with the sale can help increase the chances of a successful sale…
TIPS FOR A SUCCESSFUL BUSINESS SALE Read More »
When contemplating buying a business, it’s helpful to start looking at businesses for sale and find out what businesses are available and how they are priced. This will give you an idea of how much money you may need to buy a business. Consider your strengths and weaknesses, hobbies, and previous jobs that you’ve enjoyed
SEARCHING FOR A BUSINESS TO BUY: TIPS FOR SUCCESS Read More »
The business for sale market grew modestly in 2022 with closing transactions up 4.7% over 2021, and 19% above 2020 sales. However, sales are still 7% below the 2019 pre-pandemic levels. With increasing interest rates and inflation, momentum of sales began to cool in the second half of 2022 with a reported total of 9,054
SMALL BUSINESS VALUATIONS IMPACTED BY INCREASING INTEREST RATES & INFLATION Read More »
The Fed raised its benchmark federal-funds rate by a quarter point to a range between 4.5-4.75% to try and slow the economic growth to a below-average pace to help weaken demand and attempt to restrain inflation. The economy appears to have more momentum than previously anticipated with January reporting a booming labor market with employers
BOOMING LABOR MARKET COULD HAVE FED KEEPING INTEREST RATES HIGH Read More »
The idea of selling your business can seem daunting but knowing how to avoid these common deal breakers can help ensure a smooth selling process for you. Every business has key employees that help keep the business running smoothly. Ensure that your key employees have signed a non- compete and non-solicitation of customers when hired
SELLING YOUR BUSINESS? TIPS FOR A SMOOTH, PROFITABLE SALE Read More »
