Many business owners assume that if their accountant files tax returns correctly, they’re in good shape. But as a recent article by Accounting Solutions Ltd., “A Tale of Two Clients,” illustrates, compliance alone isn’t enough and it can cost tens or even hundreds of thousands of dollars.  The article shares two real-world examples:  The common thread? Both clients’ previous accountants were focused solely on preparing returns, not... Read More

Originally published by Shelly Garcia on BizBuySell’s Learning Center  Read the full original article here:  How Does the Economy Impact the Value of a Business? — BizBuySell    Understanding what drives the value of a business is essential whether you’re planning to sell your company or simply trying to grow its worth over time. While internal performance, especially profitability, is a major factor, broader... Read More

What Changed, What’s Coming, and Why Many Businesses Are Running Out of Time   In early 2024, many business owners were shocked to learn their COVID EIDL loans were no longer “set it and forget it.” Payments jumped, hardship options quietly expired, and delinquent loans began moving toward Treasury collections.   A year later, the situation has not... Read More

Most cash flow struggles don’t happen overnight. They start as small leaks: a few late-paying customers, rising operating costs, loans that don’t align with revenue timing, or growth that outpaces available capital. Individually, these issues seem manageable. Together, they drain your business faster than new revenue can replace it. The danger isn’t just the cash... Read More

Most Business Owners Don’t Realize How Close They Are to a Crisis   A recent survey found that 72% of small business owners worry they couldn’t sustain operations after just two bad quarters.  Two quarters. Six months. That’s all it takes for most businesses to hit survival mode.  Why? Because when revenue dips, expenses don’t. Payroll keeps running. Vendors expect payment. Debt payments stack. And without a... Read More

Cash flow is the lifeblood of any small business. Yet even the most passionate, hardworking entrepreneurs often find themselves blindsided by preventable cash flow problems. From holding too much inventory to failing to negotiate vendor terms, small missteps add up quickly and can push an otherwise healthy business into financial stress.  Here are the top cash flow... Read More

Business Owners Want Regular Financial Conversations. Banks Just Aren’t the Ones to Have Them With.   Research shows that many business owners would feel more secure with regular conversations about their finances, often with their banker.   And that makes sense.  Owners don’t want panic.  They want clarity.  They want to know where they stand and what... Read More

Why so many second- and third-generation companies fail and how to beat the odds.  You can inherit a company but not its instincts.   Many family business owners pass down the trade, the tools, and the reputation. The next generation often knows every nut and bolt of how the business works but not how to run... Read More

For years, bankruptcy was seen as the only “serious” path when a business was overwhelmed by debt. But that landscape is shifting fast.  According to S&P Global, nearly 63% of bankruptcy filings in 2024 were reorganizations, not liquidations. The trend is clear: companies want to survive, not shut down. But here’s the part most business owners... Read More

You’ve poured years, maybe decades, into building your business. It’s more than a company; it’s your legacy, your life’s work. But most small business owners aren’t prepared to step away.  Nearly 70% of businesses don’t have a successor, no buyer, and no exit plan. That means no retirement. If your business isn’t financially healthy or... Read More