As a business owner, you’ve worked hard to build your company. But at some point, you’ll want to exit the business, whether it’s to retire, pursue new opportunities, or simply take a break. That’s where an exit plan comes in.…
Selling a business can be an emotional and challenging process, especially when you have invested significant time, effort, and passion into building it. However, it is crucial to approach the sale with a clear and strategic mindset, separating emotions from…
The convenience store industry is enjoying strong sales growth in the first half of 2023, according to a recent survey by the National Association of Convenience Stores (NACS). Two out of three retailers (66%) report that their sales for the…
As a business owner, you’ve put in a lot of hard work to build your company. Now, you may be considering an exit strategy. Whether you’re looking to retire, pursue other interests, or take some time off, selling your business…
It’s essential to have a clear idea of the value of your company. Otherwise, it can interfere with everything from exit planning to strategic growth. That’s why so many business owners opt for professional business valuation services. Unfortunately, those with…
Do you truly know the value of your business? Quite often businesspeople assume that this information would only be necessary if they were seeking to sell their business in the near future. The truth is that whether you’re deciding on…
Inventory turns, also known as inventory turnover or stock turnover, are a critical financial metric that measures how quickly a business sells its inventory within a given period. It is calculated by dividing the cost of goods sold (COGS) by…
Selling a business is a significant endeavor that requires careful planning and expert guidance. When navigating the complexities of this process, many entrepreneurs find themselves torn between seeking assistance from either a business broker or a real estate agent. While…
Interest rates play a vital role in the commercial real estate and construction industry. These rates affect various aspects of commercial real estate, including investment, development, and financing. The ups and downs of interest rates can significantly impact real estate…
No matter what industry you might be involved in, it’s almost impossible to avoid the news about the supply chain in recent years. For those involved in transportation and logistics, issues involved with everything from staff and equipment shortages to…
All business owners dream of building a successful company to generate revenue and establish their legacy. However, many entrepreneurs don’t plan for the day they will ultimately exit their business. Whether it’s due to retirement, health issues, or simply wanting…
If you’re a business owner in the construction industry planning to sell their company, there are some essential tips to remember. As experts in buying and selling businesses across various sectors, we have identified five critical tips to help ensure…