Small businesses have long been the heart and soul of the U.S. economy and, according to the U.S. Census Bureau, 61% of the over 7.5 million U.S. business establishments had fewer than 10 employees in 2014. Once upon a time, many individuals dreamed of starting a […]
Selling a business is typically considered an owner’s ultimate exit strategy. However, there are a number of factors that need to be considered before taking this step, and perhaps the most important – money aside – is the effect a sale will have on […]
As a business owner, you’ve probably wondered if your company’s current structure is the best choice. The same is likely true for those looking to start a business, but aren’t sure which structure to pick.
Regrettably, there is no straightforward answer to this question; it depends […]
This article was originally published by Patrick Carroll, Obsidian Business Solutions. Any examples provided are hypothetical and for illustrative purposes only. Examples includes fictitious names and do not represent any particular person or entity.
“I can’t play golf every day.”
“My wife wants to see more of me – […]
Buying another company requires a big commitment and should not be undertaken lightly. As the buyer, you’ll need to line up financing, put together a deal and pay professional fees, divert a significant portion of your attention away from your main business to get the deal done, […]
Imagine the following scenario: a sole proprietor starts a company. This person is ambitious; he knows the market, how to get deals done, how to make money, and – most importantly – he has the drive to succeed. He handles all of the accounting, finance, and […]
Valuing your business can come with a range of advantages. Whether your ultimate goal is to grow your business, sell it, or refocus its objectives, a valuation can be incredibly useful and insightful.
There are three main approaches that can be used: asset, income, and market. Choosing the […]
At some point or another, most small and medium-sized business owners will be faced with an important question: “Should I sell my company?”
In a perfect world, selling would be as easy as slapping a “for sale” sign up on the door and calling it a day. Unfortunately, it takes much more work than this. As […]