Traditionally, we have suggested that cash flow is “king” for a closely held business. But with low interest rates, abundant private equity capital, and an improving economy, some may question whether our emphasis on cash flow is outdated. While this is a valid perspective, we still find that in the day-to-day world of planning for privately […]
Unintended Consequences: Effectively Transitioning the Family Business
Stephen Manicek succeeded his late father in the family’s business. But after 20 years, he couldn’t help but feel the transition’s unintended consequences.
Why Social Media Marketing is Important for Your Business
Social media marketing has lowered the barriers to communicating directly with your audience. These five tips will help you and your business uncover where to begin and where to extend your brand through social media.
How to Build and Grow a Valuable Business, and Why It Matters for Buyers
Did you ever wonder why one business has buyers lined up willing to pay top dollar while another sits on the market for months, or even years? What do buyers look for in a prospective business acquisition? The characteristics buyers seek must exist before the sale process even begins. As the owner, it is your […]
Three Keys to Identifying a “Key” Employee
Increase employee retention for your “key” employees by following these three simple steps.
Your Exit Plan Timeline
Do you want to control your exit plan or have it control you? Create a proactive exit plan to sell your business in your desired timeline.
It’s February … and You Don’t Have a Budget?
It’s possible to run a business without an annual budget. Too bad it costs much more to run it that way. Here are five reasons why a well conceived budget will help you build a better business.
The Tax Man Commeth
Whether Old Punxsutawney Phil’s Groundhog Day prediction came true or not, one thing is certain to arrive each year: Tax Day. April 15, 2015 is just a short 7 weeks away. There’s no hiding or going back into a hole to avoid or evade its certainty. We must face it head on. Mailboxes across the […]
When will the IRS budget cuts finally stop?
Can the trend of IRS budget cuts continue, even as the nation’s tax code and regulations become more complex each year? Tax advisor Dan Engelhardt explains.
Exiting Your Business is A Process, Not A Mystery
Exiting a business is a process, not a mystery. Read on to see what it takes to craft a strategic exit plan for your business.