The Best Business Decisions I’ve Ever Made for My Small Business

Running a Business

Alexander Huls (Published by the The Hartford)   Every small business has major turning points: Moments where one or two key decisions were made that set the business on a path to success. But when you’re just starting out, it can be hard to determine which choices will make or break […]

Valuing a Small Business in its Startup Phase

Business Valuation

Repost from BizBySell Many of the analyses and valuation techniques most business appraisers rely on to value small businesses use an analysis of historical financial statements to: Identify potential trends Compare the subject to the industry average Find any required normalization adjustments The question then becomes, how does one appraise or […]

Economic Brief – A Field Guide to Recessions (updated 10.22.19)

Businessman pointing at tablet computer held by his business partner

Chief Economist Scott Brown discusses current economic conditions. Definitions and Determinations: The National Bureau of Economic Research (NBER) defines a recession as “a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.” […]

“Everything will be okay in the end, If it is not yet okay, then it is not yet the end.”

Winners n Losers

By: Milton Gene Friedman CPA, MS-Taxation, CFE, CFF, CIRA is the President of Friedman Associates Due Diligence generally consists of representing prospective buyers of privately owned businesses and Professional practices. Clearly, most sellers have every incentive possible to exaggerate the successes of the business that they are trying to sell. Thus, […]

8 Illegal Interview Questions (They’re Not All Obvious) and Other Interview Practices to Avoid By Anne Shaw

Employment Interview

Note: If you go to the original article you will find other insites which you should consider along with this article. The subject is tricky as this article shows. – Steve Whitehill   The U.S. Equal Employment Opportunity Commission (EEOC) has strict laws in place to protect job candidates and employees […]

CAN YOU AFFORD TO SELL YOUR BUSINESS?

Retirement take money

Based on an article in the Business Brokerage Press: General Business Brokerage, Pricing & Valuation by Kathleen Mauro edited by Steve Whitehill Business brokers are generally very diligent in working with sellers and their CPAs or financial advisors to ensure they understand what the Seller will likely net from a potential […]

Small Business Sales Slow Slightly as Tariffs, 2020 Election Foster Uncertainty

Selling a Business

From: BizBuySell A total of 2,454 small businesses were reported sold in the third quarter of 2019, an 8.6% decline compared to the same period last year according to the BizBuySell Insight Report, a nationally recognized economic indicator that aggregates statistics from business-for-sale transactions reported by participating business brokers nationwide. This […]

Successfully Navigating the SBA Lending Process

Signing on the Dotted Line

For buyers seeking acquisition financing, an SBA 7(a) loan can be a fantastic tool.  Relative to conventional loans that typically require down payments of 30% or more, buyers utilizing SBA loans can make a down payment of 10-25% (more on this later), and obtain a low fixed rate (a small amount […]