Thinking strategically about your eventual buyer is important, even if you’re not currently looking to sell your business. Sophisticated buyers will evaluate how your company fits into their long-term business
The value of a trademark, copyright, patent, trade secret, or other piece of intellectual property (IP) to your business is dependent on whether or not you own it. Workers may
For many new business owners, the goal is to be their own boss and chart their own course. But, there are responsibilities that come with being in charge along with
If you’re a business owner, you already know this: your personal finances and your business finances are deeply connected—whether you plan for it or not. Yet many owners still treat
Laying off staff is something no business owner enjoys doing. Unfortunately, sometimes they’re unavoidable. Reducing your workforce can help when labor costs are a significant line item on your income
Working 9 a.m. to 5 p.m. while parenting young children or taking care of elderly relatives is becoming increasingly difficult to juggle all at once as caregiving costs continue to
Compared to siloed teams, cross-functional sales teams that collaborate with other departments often perform more effectively. Utilizing feedback and support from employees with varied skills and knowledge bases helps your
Separating business and real estate ownership is a strategy many businesses use by holding property in a separate entity, such as a limited liability company (LLC) or limited partnership. Structuring
Practices that are critical to your business’ financial health include efficient and accurate billing practices. Revenue leakage, cash flow shortages, and customer attrition are all side effects of billing errors
Any serious buyer will most likely scrutinize your financial statements, operations, assets, and legal agreements. This is something you need to be aware of if you are considering selling your
