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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smallbusinessownertips
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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GROWING POPULARITY AMONG RESTAURANTS AND NICHE VENUES
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
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WHAT IS AN EXIT STRATEGY AND WHY YOU SHOULD HAVE ONE
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
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A FEW THINGS YOU SHOULD KNOW ABOUT BEING AN ABSENTEE OWNER
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.
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SERVICE BUSINESSES ARE IN DEMAND
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 »
TIPS FOR A SUCCESSFUL BUSINESS SALE
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…
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