While starting and building a successful business is immensely challenging, selling one can be almost as difficult. Many business owners are surprised by just how time consuming and laborious the sales process is. Fortunately, tons of time and effort can be saved simply by avoiding these four common pitfalls:1. Insufficient PreparationYou certainly wouldn’t plant a […]
Selling your business can bring financial rewards. But to get the best price, you need to minimize red flags to potential buyers and maximize the value of the business asset you have created. Before you sell, figure out how to best position yourself within the market and prove that your business is a good investment […]
Civil disputes between two parties can be settled in litigation (i.e., court) or through arbitration. The two processes are quite different, so thoroughly understanding them both is essential when facing a business conflict. Going to courtIn litigation, two parties resolve their conflict in court with the assistance of a judge and/or jury. Litigation is adversarial by […]
Taking on business debt can help small businesses meet expenses and finance growth. The key to making it work is knowing specifically what you will use the debt for, how it will generate a return on your debt investment and tracking, tracking, tracking. If you need support with finding capital for your business and tracking the […]
As we all know, natural disasters such as the onslaught of hurricanes that hit the Gulf Coast recently can devastate communities, shutting down business operations and throwing entire communities into survival mode. Preparedness is key when it comes to weathering storms large and small, but many small businesses don’t know where to start when devising […]
Liability insurance is a valuable form of protection needed by most businesses. Choosing the right policy can be tricky, so it’s important to understand what business liability insurance covers before you make the investment. If you get sued for personal injury or property damage, general liability insurance will cover the cost of counsel and the claim, […]