There are two primary ways that a business can be bought or sold: a stock (or equity) sale or an asset sale The most common method, by far, is the asset sale, but that doesn’t mean an asset sale is the best option for you. Many factors influence what deal structure will maximize your benefits […]
How to Choose Between a Stock and Asset Sale Read More »
Corporation. It’s a word we’ve all heard many times. But, often, “corporation” is used as a substitute for “business entity.” This leads to confusion among many who aren’t involved in the business world. In fact, “corporation” is only one type of business entity. The primary reason that many business owners use a corporation, limited liability
Business Entities 101: The Basic Types and Structures Read More »
Today, a well-maintained and user-friendly website is critical not only to the growth of your business but often to its very survival. Consumers of all demographics find information, check and compare prices, and purchase services and products online. What is more, the ubiquity of smartphones and the explosion of social media platforms in the last
“Wrap” Your Head Around Online Terms of Service Agreements Read More »
Every business owner wants to increase their revenue and grow their business. Unfortunately, most of them assume there’s only one way to do this: Get more customers. It’s true that a larger number of customers might increase sales and revenue, but getting those customers usually means expensive advertising and marketing campaigns, which can have uncertain
Two Ways to Create Exponential Growth for Your Business Read More »
In 1789, Benjamin Franklin famously wrote in a letter to his friend that “in this world nothing can be said to be certain, expect death and taxes.” This adage is profound, but I would politely disagree with Mr. Franklin. I believe there is a third certainty: You will leave your business one day. Now, you
Is Your Buy-Sell Agreement Fatally Flawed? Read More »
When I consult with small business owners, there is one question I always ask: Are you working in the business or on the business? At the beginning of the typical entrepreneurial cycle, the entrepreneur is a jack of all trades—bookkeeper, computer technician, customer service representative. He does everything and anything to make the start-up viable.
How Much Is Your Time Worth? Read More »