Blog
5 Ways to Stay on Top of Your Industry as a Busy Business Owner
“So much to do, so little time.” That’s never more true than when you’re a business owner. You have a lot to manage — you want to lead your team well, serve your customers, do great marketing, and more. But if you fall behind in your industry, you can find yourself behind the competition quickly. New developments and innovations can help you decide where to go as your company grows and what expansion plans make sense. How can you find the time to stay on top of your industry as a busy business owner? Here are five tips you can try
Hire A Business Broker When Selling A Business!
By: Russell Cohen | Murphy Business- Why Hire A Broker? Selling a business is a complicated and intricate process. Business brokers play a fundamental role in moving the process along to make it a successful deal. As is true before embarking on any major life-changing event, there are several factors and cautions involved that it is wise to consider before committing to sell your business. To find the ideal potential buyer and to avoid scams, you NEED to hire a business broker. Brokers are professionals, expert at introducing the right buyers to sellers, and qualified to streamline the transaction
Small Business And The Law – Size Is Not Everything!
Did You Know? Your small business is subject to the same regulations as a giant commercial entity? If you find this startling news, you’re not alone; most entrepreneurs in the United States assume that laws apply only to much larger corporations. All companies – small, medium, large and mammoth – must adhere to the applicable local, regional and national laws and regulations. Hopefully, you’ve been aware of these since the day you opened for business, but if not, we encourage you to take the time now to become compliant. You may wish to engage legal counsel to explore these areas
When Is The Best Time To Sell A Business? Timing Is Everything!
Thinking of Selling? The biggest financial transaction in a private business owner’s life is likely the sale of his or her business. Although many transfers are predetermined, others result from unplanned events, which is why it is essential for business owners to have an exit strategy. Operate your business as if you are going to sell it. Most owners assume they will operate the business until retirement. But their priorities or interests could eventually change-or be forced to change due to unforeseen circumstances such as illness or disability. Timing IS everything! The best time to sell your business is when
Develop A Negotiation Strategy When Selling A Business
Want to Sell? As a business owner you are probably familiar with negotiating tactics having dealt with customers and vendors for years. However, there is something different about selling your company. Making the decision to sell your business means parting with something extremely emotional and hopefully realizing the value of your most valuable asset. These are incredibly high stakes and make this kind of negotiation rather unique. When you begin to negotiate the sale of the business, you will be much better off if you have developed a personal plan! When you begin to negotiate the sale of the business,
