Business Value

Legal Gold Rush: Seizing the High ROI Opportunity of Buying Law Practices

Lawyers have before them today a lucrative opportunity not available to other business owners. And I’m certain this opportunity won’t last long . . . The opportunity is buying a law practice. A properly run law practice will generate between 25% and 40% of gross fee revenue in owner benefit. A firm grossing $1MM should

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What’s Going on in the Small Business Transaction Market During the Pandemic

As a broker member* of the International Business Broker’s Association, I receive its Market Pulse report each quarter. This report provides insights into main street (less than $2MM) and middle market ($2MM to $50MM) transactions and sentiment. The most recent report for the second quarter of 2020 has some interesting insights: For main street transactions

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EBITDAC

How Will the Coronavirus Pandemic Affect the Value of My Business?

Guest Author, Matthew FitzGibbon, CBI, ASA Matthew FitzGibbon has a diverse background in business operations, transactions, and commercial real estate. He has a Certified Business Intermediary (CBI) designation from the IBBA and is an Accredited Senior Appraiser (ASA) in the American Society of Appraisers. He is also the President of FitzGibbon Alexander, Inc., a Central

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Small Business Resources to Survive the Impact of Coronavirus

Update: April 3, 2020 New regulations have come out detailing how to apply for loans under the Paycheck Protection Program, a provision of the CARES Act. Learn more below! In times of real economic turbulence, businesses need to hunker down and take stock of what resources are available to them. I don’t only mean the

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Creating Company Resilience to an Economic Downturn

Businesses across Florida and the United States are trying to figure out how to respond to the outbreak and spread of the coronavirus pandemic. Numerous public safety guidelines have been issued, and, although they will benefit the health of the larger community, there is an economic trade off. Global supply chains have been disrupted for

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employer mistakes

Three Costly Employment Mistakes

Employees are absolutely necessary to build and grow a profitable business. Often, in fact, they are considered a business’ most valuable asset. But—whether at the hiring, management, or firing stage—poor employment practices can have disastrous financial or legal repercussions. Proper hiring and training practices are essential to ensure that you bring on qualified employees who

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improve business salability

7 Easy Steps to Improve the Salability of Your Business

In business there is one timeless rule: you will leave your business at some point. Business owners should always prepare for their business exits well in advance. In my experience, an unplanned exit will usually be an unprofitable one. Great care should be taken when you’re considering selling your business to a third party buyer.

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government shutdown

5 Ways the Gov’t Shutdown Could Still Be Hurting Your Business Growth

Update: Shutdown Ends, but Fallout Uncertain Although the shutdown has ended, economic uncertainty still looms for many businesses. We’ve yet to see the full fallout from the protracted shutdown. Plus, the current administration’s continuing trade war with China (and threatened trade wars with other nations), could easily worsen the economic impact on businesses across the

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