A few years ago, a young couple working in the Wisconsin cheese industry applied for a grant through the Wisconsin Department of Agriculture, Trade and Consumer Protection (DATCP). The couple was facing difficulties getting their business up and running efficiently.…
The decision to buy or sell a business is significant, often marking a major milestone in an entrepreneur’s journey. One of the most critical aspects of this process is business valuation, which determines the economic worth of the business. Proper…
As a business owner, planning your exit strategy is one of the most critical decisions you’ll face. Two popular options are selling your business outright or implementing an Employee Stock Ownership Plan (ESOP). Each has its own set of benefits…
In the lifecycle of any business, planning for an eventual exit is as crucial as the efforts put into growing the business. Exit planning and business valuation are two interrelated processes that play a critical role in ensuring that business…
Proper preparation is crucial when contemplating the sale of your business, whether it’s your entire company, a specific division, or a product line. For cheese and dairy industry leaders, ensuring that your asset is attractive to prospective buyers involves a series…
You may already have a good quality team established in your company, but does the industry recognize their value? From an internal perspective, your quality team holds great value, however it’s worth the effort for them to be industry recognized.…
Understanding Business Appraisals in the Context of SBA Financing When it comes to small business ownership, understanding the valuation of a business and securing financing are two critical steps that can significantly impact growth and sustainability. Business appraisals and Small…
Choosing the best equipment can be difficult when you have many options. The CNC boring bar might be a valuable option for you. By doing more research, you could find new customers and explore new possibilities that you did not…
Cold storage facilities are specialized buildings that store perishable goods at low temperatures, typically below 50°F (10°C). The design of these buildings poses significant challenges for architects and engineers, as they have to ensure the thermal efficiency, moisture control, air…
If you’re a business owner, you’re likely seeking to ensure that you are on a path to grow your business. However, in order to effectively make the most strategic decisions, you’ll want a firm understanding of what supports and drives…
The economy is constantly evolving, influenced by various factors such as technological advancements, geopolitical shifts, and societal changes. In this dynamic landscape, commercial trades, encompassing a wide array of industries, are confronted with an array of challenges that impact their…
As a business owner, you’ve dedicated countless hours to building your enterprise from the ground up. This business has become a central part of your life, making the prospect of selling it seem formidable. Yet, divesting your business is a…