Most people don’t venture into the idea of opening their own business with plans of closing, selling, or liquidating it. But sometimes, it is wise to develop an exit strategy for your small business beforehand. It can only benefit you to prepare for every future...
Starting a business has always been very easy, and today’s business climate is making it even easier. But it’s a fact that most small businesses don’t survive a full year of working. This is due to a lot of factors such as competition and the local market; however,...
Running a business requires a lot of skill and planning. So, it should come as no surprise that a solid business plan is the foundation of your money-making efforts. However, is it enough to craft a masterful business plan and never bother with it again? The reality...
Nothing defines success more than reaching a point where you can expand your business. Unfortunately, it is not always clear when your company has reached the point where expansion is warranted. Opening a new shop in a new location will always carry risks, and no...
Due Diligence: What does it mean to the Seller? As a seller, it’s important to be prepared for the due diligence process that will take place once an offer has been made on your business. Due diligence is a crucial step in any business sale, and can often...
