money in a spilled trashcan

It was once said, “one person’s trash is another person’s treasure.”  This saying holds true to the value of one’s business.  I am not saying your business is trash, but often we have a misperception of what our business may be worth.  You may think your business is worth a lot but have no buyers. …

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approved loan application

Does your business need a line of credit?  How about a loan?  It’s important to know how and when to use each in order to optimize your borrowing, and the first step is understanding how your bank views your business and your need for loans and/or lines of credit. Your bank is basically a low-risk…

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business woman at desk pondering

You’ve got an opportunity to buy a new piece of equipment or a new vehicle for your fleet or to acquire an experienced sales manager to grow your revenue.  How exciting!  But can you afford it??? You may be thinking, “Well, sure, it’s a great price, and I can make the required note or salary…

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drawing of stick figure with gattling gun

No, this isn’t an article about law enforcement or concealed handgun training.  Did you know that the term “armed and dangerous” is very applicable to business?  As a business owner, if you are not “armed” with excellent information about your business, including your own financial and operational performance and your relative standings in your market…

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man holding a sign in front of face

When you get the bank reconciliations from your accountant or bookkeeper, how often do you think, “Where has all the money gone???  I know we are working harder than ever!  Our sales or services have increased over last quarter, so how can the checking account balance can be the same (or less!) than it was…

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man looking at wall of infographics

When you get a Profit & Loss statement from your accountant or bookkeeper, do you find yourself scratching your head and thinking, “Good grief!  What do all these numbers MEAN?”   If so, you aren’t alone.  Chances are your accountant or bookkeeper prepares your financials with a primary purpose in mind, which is to ensure…

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man holding letter blox spelling sold

Congratulations on the sale of your business!  What??  You did NOT sell your business??? Well, if not now, it is likely that SOMEDAY you WILL want to sell your business.  When that time comes, you will want the experience to be one of satisfaction, not frustration or desperation.  To achieve a satisfactory outcome when you…

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a bunch of white doors in a flat grassy field

One thing is for sure, we all will transition out of our business. The questions are how and when? While none of us have the foresight to know for certain, your plan should include a transition that you desire instead of a transition you have to take. A date certain transition is the most common…

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business man looking at wall of chart drawings

What you should want for and from your business is a return on investment. Over the years, you have received compensation for working for your business and hopefully you have received some forms of compensation for owning your business. The compensation you receive for owning your business comes in two different forms: the first is…

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