Is It Worthwhile to Purchase an Underperforming Business

chart diagram about making a decision to buy

If you have been looking at businesses for sale for any length of time, you are probably aware that many of those that are on the market are going to come with various challenges. There is a reason that the owner is selling, after all, and unless they are leaving for retirement, health concerns, or […]

How to Find a Business You Will Love

person sitting near the table holding a newspaper

Most people go into business for several different reasons. One of the top reasons of course is that they want to make enough money to support their preferred lifestyle. Also, towards the top would be the freedom and flexibility that comes with being an entrepreneur. When you own your own business, you are the one […]

Should You Take on a Partner When Buying a Business

business partners shaking hands

Purchasing a business is one of the most exciting steps for an aspiring entrepreneur. Being in business for yourself gives you direct ownership of your time, and it can quickly put your life on an upward trajectory. When considering buying a business, a frequent question often comes up, “should I take on a partner for […]

How Much Working Capital Does a New Business Owner Need

person holding a calculator and pen

Buying a business is a major step, and new owners are usually very optimistic when they take over operations. You have found your ideal business, you are confident that you can run it successfully, you have done your due diligence, and now you are figuring out how much money you need to come up with […]

Can You Buy a Business Without Collateral

male hand calculates an abacus next to a wooden house

It’s a new year, and you may be thinking that this is the time for you to finally fulfill your dream of becoming an entrepreneur. But there is just one problem; you do not have the capital available to get started. You might be able to start a low overhead business from scratch, but you […]

What are the Best Business Opportunities

a man wearing a suit with stripes blue and white tie

Another year is in the books and as hard as it is to believe, it has already been two years since the start of the global Covid-19 pandemic. While we are moving back toward some sense of normalcy, the virus is still out there, and world economies have been shaken by supply-chain problems, rising inflation, […]

How to Capitalize On Business Opportunities

business opportunity written on yellow paper

As we all know, the coronavirus outbreak forced the temporary closure of millions of “nonessential” businesses throughout the country. We had hoped that they would only stay closed for a couple of weeks, but unfortunately, many have not fully reopened to this day. This has resulted in numerous businesses that have had to shut their […]

Starting a Business During Uncertain Economic Times

confused businessman standing

Every business owner loves to operate in an environment where the economy is thriving. When there is strong economic growth happening, consumers have more money in their pockets, and they have more disposable income to spend. Even when a business lacks a great product or a flawless marketing strategy, they can still do well during […]

Things to Know When Buying an Accounting Firm or Tax Service Business

Starting a New Business

If you are a CPA looking to have your own practice, you may be thinking about starting an accounting firm or purchasing an existing firm or tax service. There are risks associated with either route you take, but generally, most people prefer to buy an existing practice that has all the essential pieces already in […]

What is Goodwill Worth When Buying or Selling a Business?

The value of a business is very often far more than the value of its assets or even its net revenue. Certain intangibles are unique to a business and from which value is derived. Intangible assets are commonly known as “goodwill.” But, precisely what is Goodwill, and what is it worth when buying or selling a […]

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