A day rarely goes by that I am not talking to someone about pricing an accounts receivable management (ARM) firm. At a conference, I could have a dozen conversations about this important topic. Owners and investors alike want to understand the value of the business they […]
We recently wrote an article about the dangers of failing to properly document business meal and other entertainment expenses. The piece raised quite a few concerns among business owners.
The question we most often heard usually went something like this, “Wait, I thought personal expenses like meals, travel, and entertainment could be normalized…what gives?” Answers […]
If I was given a dime every time an owner said to me, “My business is not for sale,” I would have a lot of dimes. Most owners are fixated on the current performance of their business and not on selling it.
Intuitively, we know that the best time to sell a business is when an […]
Whether you are an owner, executive, or business development manager we all know that business meals and other related entertainment expenses are a typical component of doing business. Additionally, we can all probably relate to a shared disdain for having to keep track of each and every receipt and completing expense reports. That said, this […]
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 […]
The IRS published proposed changes pertaining to the Section 2704 regulations on August 2, 2016. They’re open for comment through November […]
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 – […]