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 …
FEDERAL RESERVE APPROVES 11TH INTEREST RATE INCREASE Read More »
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 …
BABY BOOMERS RETIREMENT CREATES NEW BUSINESS OPPORTUNITIES Read More »
Deciding if it’s time to sell, take on investors or begin planning for succession, getting a business valuation is a crucial step…
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 …
THE FEDERAL RESERVE PAUSES INTEREST RATES BETWEEN 5% AND 5.25% Read More »
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 …
While many companies continue to struggle to establish a new normal following covid, updating and adding new technology can help small businesses…
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.
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 »
