“When I was a boy and I would see scary things in the news, my mother would say to me, ‘Look for the helpers. You will always find people who are helping.’” – Mr. Rogers We’re all in this together! So, we wanted to put together some information for you to have on hand whether […]
Succession Planning: 3 Steps to Secure Your Company’s Future
Even if you’ve just acquired your business, it’s important to remember, that when you’re ready to sell your business or pass it on to your family member, you’ll want to have taken steps to ensure its continued success once you hand over the reins. Succession planning is the critical process to help you do just […]
How Many Hours Should Entrepreneurs Work Per Week?
Becoming an entrepreneur takes hard work. For some, becoming an entrepreneur means leaving their job and pursuing a path outside the corporate world. Others might start a business directly out of college or as a side gig while they work at a different company full time. Regardless of how someone becomes an entrepreneur, it’s going […]
Entrepreneurs Define the Meaning of Business Success
Business success is different for everyone. Creating a strategy and outlining what success looks like for you gives you a way to measure your success. The main keys to success are hard work and persistence, no matter what business you’re in. Entrepreneurship can feel like you’re sailing a ship all by yourself; you’re not entirely […]
You Bought a Business…Now What? 5 Post-Acquisition Steps
Congratulations! You’ve just closed a deal to purchase an existing business. But what do you do next? If you’re investing in a franchise, your freedom to make operational changes is pretty limited, but if you’re taking over an independent company, you likely have a lot of new ideas you want to implement. Regardless, you can’t […]
Doing Business In Florida
The Sunshine State is home to the fourth largest economy in the nation. Its growth in 2018 significantly outpaced the U.S. at large at a rate of 3.5% to 2.9%. Small businesses are an essential part of the economic landscape in Florida, making up 99.8% of all businesses and employing 3.3 million employees, more than 42% of the […]
Are You Thinking About Buying A Business In 2020? Here’s How to Qualify for a Small-Business Loan in 5 Steps.
Are You Thinking About Buying A Business in 2020? Here’s How to Qualify for a Small-Business Loan in 5 Steps If you’re thinking about buying a business in 2020, qualifying for a small-business loan is easier when you’re prepared. Below is a to-do list that will help you get the cash you need to grow […]
6 Questions To Ask Before Buying An Existing Restaurant
Buying an Existing Restaurant – What to Know Before You Buy Buying an existing restaurant can be a great way to fulfill your dream of being a restaurant owner. You skip the difficult early years of getting a restaurant off the ground. As with buying a restaurant franchise, you gain instant name recognition and a […]
Are You Looking To Buy A Real Estate Company?
Here are a few things to consider when you buy a real estate company: Why do you want to buy real estate company? Too often, I see brokers expanding for the sake of expanding and many times the results are disastrous. Have your considered the culture of the real estate company you want to buy? […]
How to Acquire a Landscaping Business
How to Acquire a Landscaping Business Buying a turnkey landscaping business, which means one that is currently in operation, has a number of benefits. These include an established client list; existing equipment and machinery; a solid reputation in the landscaping industry; and workers who know their business. As with all business transactions, however, check out […]
Practical Considerations When Buying an Urgent Care Practice
Considerations for Buying an Urgent Care Operation Private equity and health systems/payors each have long-term strategies driving their urgent care acquisitions. PE portfolios can sell larger urgent care companies at higher EBITDA multiples, while health systems can increase patient access points. Both leverage the pre-existing platforms to facilitate expansion, benefit from economies of scale and […]
Should You Buy An Existing Fitness Studio or Start Your Own?
Should You Buy An Existing Fitness Studio Business Or Start Your Own? Generally speaking, entrepreneurial fitness trainers and athletes have two options when they decide to set off on their own and start a new gym/fitness facility: start the business from scratch and build it from the ground up, or buy an existing facility. In […]
How Employees Factor into the Success of Your Business
Quality employees are essential for the long-term success and growth of any business. Many entrepreneurs learn this simple fact far too late. Regardless of what kind of business you own, a handful of key employees can either make or break you. Sadly, businesses have been destroyed by employees that don’t care, or even worse, are […]
10 Questions Everyone Should Ask Before Signing on the Dotted Line
Before buying any business, a seller must ask questions, lots of questions. If there is ever a time where one should not be shy, it is when buying a business. In a recent article from Entrepreneur magazine entitled, “10 Questions You Must Ask Before Buying a Business”, author Jan Porter explores 10 of the single […]
Financing the Business Purchase
Where can buyers turn for help with what is likely to be the largest single investment of their lives? For most small to mid-sized business acquisitions, here are the best ways to go when financing the business purchase: Personal Equity Typically, anywhere from 20 to 50 percent of cash needed to buy a business comes […]