Over 4.5 million businesses are started in the United States every year and nearly 33 million already exist. One of the best ways for business owners to prepare for challenges is to obtain an annual business valuation. The purpose of a business valuation is to equip...
Whether you are starting, buying, expanding, or selling a business, it is important to have a strong business plan. A business plan is a document that outlines a business’s goals, strategies, operations, and financial projections. This document serves as a roadmap to...
Maximizing the value of your business is beneficial whether buying, selling, or growing a business. While there are many ways to do it, these are a few of the most essential drivers behind a successful business. Value drivers are a concise way to focus on what matters...
Profitable liquor stores are always in high demand. Specifically, during the COVID-19 pandemic, liquor stores have fared well and have continued with strong growth. With the strong growth, it is a great time to buy or sell a liquor store. The first step of that...
If you are looking to sell your business, you might want to explore transferring ownership to a key employee. When you started your business, you probably never considered the day you would retire, or leave your business in someone else’s hands. A business...
For most small business owners, there comes a day when you decide to transfer your business. This may be because you wish to retire, seek a partner to assume ownership, or are ready to move on to something new. No matter the reason, transferring ownership has many...
