Is Your Business Charging Enough for its Products and Services

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Every business owner understands the importance of generating enough profit to stay afloat. But how do you know if you are charging enough for your products and/or services? Pricing is just as much an art as it is a science, and there are several different variables that go into deciding how much to charge for […]

How to Manage Stress While Running a Business

stressed out business woman sitting on her table

Owning your own business is very rewarding, but it can also be extremely stressful. Business owners wear a lot of different hats, and keeping your business running smoothly is hard work. A successful entrepreneur is driven and willing to put in the work required to keep everything going, which may include some very long days […]

Valuing Intangible Assets During a Business Sale

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When selling a business, you need a proper valuation to ensure that you receive a fair price for the years you have spent building your company. This will include valuing tangible assets such as your equipment, inventory, and real estate, as well as intangible assets such as goodwill and intellectual property. As challenging as it […]

What is the Best Entity Structure for Your New Business

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Getting into a new business is a major step in a person’s life, and it is a risk that can pay great rewards (both financially and with greater personal freedom) if the venture is successful. Whether you are starting a new business or buying an existing business, one of the most important keys to success […]

Leveraging Technology to Strengthen the Marketing and Sales Process

businessman using laptop computer

We live in an increasingly digitized society, and this trend has been accelerated in the wake of the Covid-19 outbreak. Online shopping is destroying traditional shopping malls, and in-person interactions are being replaced by virtual “contactless” gatherings. All of this has been enabled by rapidly advancing technologies that have revolutionized the way we do business […]

Accounting Practice Valuation Details

business man with the text valuation in a concept image

Most practicing accountants have heard about one-time gross. This is the average multiple for which accounting firms have sold for many years. One can determine accounting practice valuation by pulling practice comparable sales for the last ten years, and the average will be one time gross. While most industries sell as a function of profit […]

Importance of Online Marketing for Businesses

digital marketing concept

Digital marketing has become increasingly important in recent years, particularly for businesses that cater to the younger generations. But with the coronavirus outbreak having literally forced a large percentage of our population to stay-at-home (except for essential activities), even our older population has started to get used to interacting with businesses online. Those businesses that […]

How to Identify the Strengths and Weaknesses of your Business

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As a business owner, it is important to know everything possible about your business, so you can make the most informed decisions. It is essential to know what you do well, and where there are opportunities for improvement. Knowing your strengths and weaknesses allows you to make better plans to target the exact areas you […]

How Do You Know if Your Business is Sellable?

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Businesses come in all shapes and sizes, ranging from small one-man operations to multinational corporations across countless occupations and industries. Every business is different, and they all have their own unique aspects. Some serve small and very targeted customer bases, while others do business with virtually all demographics. Some require specialized knowledge to own and […]

Five Important Benefits of Doing a Business Valuation

Business Valuation

Most owners do not obtain a valuation for their business unless there is an immediate need to do so. But even if you are not looking to sell your business in the near future, it is still a good idea to obtain a business valuation if you have not done so during the past couple […]

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