Small Business Valuation
One of the biggest challenges investors in small businesses face is working with sellers who have unrealistic expectations of the value of their business. In this post, I am going to talk about the four buckets that most small businesses…
Rescue Your Business
(Note: the site TheBusinessRescue.com directs here) Here’s a 14-point plan for rescuing your business. If your business is suffering from declining revenues – perhaps due to COVID-19 – you should implement these steps immediately. Before we get to the specific…
Is your profit margin at 20%?
So I was making some cold calls in a new-to-me industry the other day when I reached a business owner who asked me the following question: “Are you aware of what the profit margins are in this industry?” Of…
Working 25+ hours per week
Are you a small business owner that works more than 25 hours per week in your business? If so, you are likely experiencing diminishing returns from any hours you put in past the 25-hour mark. I recently came across a…
Sound Small Business Strategy
Recently, transportation and logistics giant Federal Express Corp announced a rate increase that will take effect in January, 2020. FedEx is actually employing a very sound strategy here that most small businesses can emulate. Can you see it? If you…
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