On the personal side, there are still planning opportunities to consider when trying to reduce tax after a large payout: If your company is a C corporation, you might be able to sell your business tax-free if you qualify for Section 1202 – qualified small business stock Review your taxable...
Sales matter when it comes to making money and growing a business. It is important to balance meeting customers’ needs and moving the company’s mission forward. To keep a business going, you need to find new customers and keep the ones you already have happy and loyal. If you want to ...
that can prevent any sale from going through. For a smooth transaction, meet with a business advisor to review your financials before you begin the sales process. Make sure to be as transparent as possible with your business advisor to avoid misrepresenting your company to potential...
The article presents the author's views regarding market value considerations that become critical for small businesses during eventualities such as death, partnership disputes, and divorce that trigger to put the...
9. Ensure your values align with those of the new owners. Your business can feel like a reflection of who you are as a person. For this reason, you’ll want to sell your business to an entity that will carry on the legacy you’ve built. Find a potential buyer who will ensure the ...
inspires, motivates, and ensures shared ownership of the product’s success and provides a common understanding of the vision, goals, and objectives for everyone in your business. A well-crafted road map ties back to your business’s overall strategy and conveys the strategic direction for the ...
As an early-stage retailer, you’ll need to decide what to sell and/or what services you’ll carry. The products that line your shelves and populate your website help define you as a brand. As such, it’s important to find the right products for your business — products that your au...
Exiting a business can be difficult on both a practical and an emotional level, but planning ahead can make a real difference. Find out how you can prepare for this life-changing decision. Making the decision to sell your business can be difficult. Not only do you have to factor ...
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The term is so broad and flexible that it’s hard to pin down. Marketing is present in all stages of the business, beginning to end. Without marketing, you can’t truly understand your audience, create a product that fits their needs, or successfully bring it to market. ...