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 »
When looking to purchase a business there are many factors that go into your search, but if you keep in mind these 6 thoughts it can help you find a better match for you. When looking for a business finding one in a field you are familiar with can help you bring your knowledge to the …
SIX QUESTIONS TO ASK YOURSELF BEFORE BUYING A BUSINESS Read More »
For the sixth consecutive month the latest data has confirmed inflation has fallen to its lowest level in more than a year with a drop from 7.1% to 6.5% in headline inflation. While this a relief from the 9.1% headline inflation rate in June, it’s still not quite at the Fed’s target level rate of …
CPI: US INFLATION FALLS TO LOWEST IN MORE THAN A YEAR Read More »
Holidays are a busy time of the year for most businesses, but with cyberattacks increasing 64% compared to last year culminating in more than $6.9 billion in potential losses, small to medium-sized businesses can help safeguard their business in a few easy steps. One thing the FBI does not encourage is paying any ransom requested …
INCREASE IN CYBERATTACKS AGAINST SMALL BUSINESSES Read More »
There is an increasing concern among small business owners about how inflation will affect the cost of doing business, including the possibility of higher overhead costs, inventory reductions, a reduction in marketing budgets, or an increase in the cost of services or merchandise to offset inflationary costs. There are ways to prepare and adapt to rising inflation costs as a …
GBP/USD has again hit fresh highs at 1.3842 and GBP/EUR reached a 10-day high at 1.1339. The movement appears to be triggered by news of French President Emmanuel Macron’s meeting with PM May, today, January 18, 2018. Although we are unsure of what these talks entail, discussions will likely be centered around Brexit, trade and …
UK Sterling increased this week following President Obama’s comments about whether the UK should remain in the European Union. The Pound has been under significant downward pressure recently, largely owing to the uncertainty of Britain’s future position in the European Union, ahead of June’s referendum. His pro-European position, backing UK Prime Minister Cameron’s ‘Stay’ canvassing …
