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…
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 …
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…
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.
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…
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…