Many business owners believe the act of selling their business is similar to passing the baton in a 400 meter relay: once you’re finished running, you get to relax. In reality, many buyers will insist that you stay on for a transition period – anywhere from six months to five years – during which time [...]
Unlike some historic Main Street districts — tucked away off the beaten path, waiting for determined travelers to come take a gander — Eureka Springs’ Main Street district is the star of the show, pulling in over 750,000 tourists every year. It seems almost silly to mention that many of the Victorian-era buildings in Eureka Springs are listed on the National Register of Historic Places: The entire downtown was put on the Register in 1970. Simply put, Eureka Springs is one, glorious Main Street nirvana.
To grow a valuable business – one you can sell – you need to set up your company so that it is no longer reliant on you. This can be easier said than done, especially when, like a PR consultant or plumber, what you are selling is your expertise.
Exit planning is all about learning the options for your exit and finding a customized solution that works best for you, your company and your family situation. If working in your business until you cannot work anymore sounds like it is the best strategy for you, then here is how to implement your exit plan.
Last week’s post at Transaction, my New York Times blog, looked at an increasingly popular way to finance the purchase of a small business: rolling over funds from your 401(k). Business brokers see buyers use this financing alternative all the time yet it is still a relatively little-known option, even within the financial services community.
Big companies lock out their competitors by out-slugging them in capital infrastructure investments, but smaller businesses have to be smarter about how they defend their turf. Here are four ways to deepen and widen the protective moat around your business.
In case you missed it this has been National Small Business Week, and I’ve been celebrating on Twitter. Every day this week I’ve Tweeted ways to celebrate small business — both yours as well as others in your community.
This week is National Small Business Week! While we’re always singing the praises of small-business ownership here at Synergy, we’ll be taking this opportunity to share “50 Ways to Celebrate National Small Business Week” on our Twitter feed every day this week. If you’re not following us on Twitter yet, our handle is @SynergyBizNWA.
Synergy Business Services invites small-business owners to join us for a free Webinar hosted by best-selling author John Warrillow, “How Sellable is my Business?” Tuesday | May 22nd | 11:00 AM to 12:00 PM EDT
It seems like we’re at a fork in the road. On the one hand, there are some positive signs that the economy has recovered from the downturn of 2008. At the same time, the unemployment rate and housing market can’t seem to manage more than a limp, Europe’s sovereign debt crisis is still headline news and banks continue to behave badly. It’s precisely because we’re at this inflection point that we see a lot of business owners hitting the eject button. If you’ve been thinking of selling your business, here are seven reasons to get out now.