There are three main approaches that are used to evaluate the value of a business. These common methods for determining value include the Market Approach, Asset Approach, and Income Approach. These varying strategies are harnessed for business valuation, including stock prices, to help business owners make decisions related to buying, selling, and merging businesses. Whether […]
Currently, banks are in the early stages of accepting & preparing to accept PPP Loan Forgiveness applications. Bank of America sent emails recently saying that the Forgiveness Application is now available. America’s biggest bank, Chase, hasn’t begun yet with their website saying they are working continuously to “prepare to accept your Forgiveness requests.” Banks opening […]
Deferring capital gains taxes and then reinvesting while paying less in taxes? Sounds crazy, but it’s legit. It all comes down to the Qualified Opportunity Zone Program aka the QOZ Program, which was created by the Tax Cuts and Jobs Act of 2017 and is becoming a very popular option for many. Here is why: […]
The loan forgiveness aspect of the Paycheck Protection Program (PPP) is definitely the silver lining for business owners in 2020 and across the entire Covid Pandemic. Navigating the ins and outs of the PPP can be tricky, so it is good to stay informed and forewarned to ensure that forgiveness is met in full so […]
The valuation of a business can rise and fall without warning and based off a multitude of factors. And while business owners have access to be able to see almost any and every part of their business, the one thing they can’t see with a quick view, is the value of their business if they […]
You don’t get to sell your life’s work multiple times over, meaning as a business owner you have to be sure your broker for the sale is someone you trust to get the job done correctly and without worry. How do you know who to trust though? References and Reviews: They matter! Getting connected with […]
The world doesn’t seem to ever stop its constant flow of trends and chaos and breaking news, so it makes one wonder, when is the right time to step away and cruise towards the sunset? Aka what is your business Exit Strategy and when should you implement it.. Good news, you don’t typically have to […]
“What do I do now?” It’s the number one question on every business owner’s mind. Challenging times reinforce that good planning is the critical priority. As you re-assess both near and long-term business plans, now is the time to look into what it will take to sell your business when you’re ready. Here are 4 […]
The historic stimulus package is launched. Wondering how all the aid programs and loans fit together? The Chamber of Commerce has excellent coronavirus coverage that is oriented to helping business owners navigate during this time of unprecedented uncertainty. Bookmark their helpful guide which is updated daily as new resources emerge: Everything You Need to Know About Coronavirus Stimulus Aid […]
Thinking about selling your business in the next year? Then it’s time to consider three factors that are critical to a successful and profitable business sale. 1) Start organizing the business financial statements. Potential buyers will want to review accurate, organized and audited financial statements, along with assessments of the related inventory, assets, and other […]