Tag-Archive for Valuating Your Business

Valuing Intangible Assets During a Business Sale

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…

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Five Important Benefits of Doing a 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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How to Identify the Strengths and Weaknesses of Your Business

Every business has areas in which they excel, and areas where they are not quite up to par. And even in the most successful businesses, there are always opportunities for improvement. Identifying the strengths and weaknesses of a business is a good thing for owners and stakeholders to do on a regular basis (at least…

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Importance of Online Marketing for Businesses

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…

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Understanding the Future of Your Business

The coronavirus outbreak has disrupted every area of society, and in the business world, countless businesses that were deemed “nonessential” were temporarily closed. As things open back up, no one is entirely sure what the post COVID-19 economic landscape will look like. One thing that is certain, however, is that this pandemic will result in…

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Understanding Business Valuation

This is a trying time for business owners in many industries, and to add insult to injury, many of them have been unable to obtain access to the government assistance that was promised. This has left countless business owners wondering if they will ever be able to come back, and unfortunately, some have decided to…

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Habits to Make Your Business More Successful

Cultivating good habits for a successful business is very important. Entrepreneurs who are disciplined and do the right thing at the right time run successful businesses. To achieve success in your business, your work ethic has to be strong, because your thoughts and actions are a major determinant of what you can achieve. There are…

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Selling Your Own CPA or Accounting Practice

There are a number of advantages and disadvantages to consider when it comes to selling your own practice.  I have listed some below and discussed the rationale behind it. ADVANTAGES: Commission: The largest single advantage of selling your own practice is that you do not have to pay any commission.  Commissions generated from transaction intermediaries…

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