The answer is… Actually, there are three possible answers…Yes, Maybe, or No It depends on what category your business falls in. The answer is Yes if the following apply. 1. Your business is profitable. Preferably making at least $100K a year in profits. 2. You have multiple employees and are not doing everything yourself. 3. You have been in business for at least three years. Discuss why. 4. You have great books and records to
The Covid-19 pandemic has caused many businesses to grind to a halt. Some have been able to adapt and find new ways to meet the needs of their customers, but others haven’t been able to do much more than sit back and wait. For many long-time business owners, this pandemic has proven to be another in a long line of setbacks, including numerous recessions over the last couple of decades. Some are looking at this
For the unemployed, those worried about job security or those ready for a complete career change, buying a business in AZ is just as feasible an option as a traditional job search or starting a business from scratch. One of the most serious career choices you can make is whether you will be on the clock for someone else or work for yourself. There are certainly pros and cons to both buying and starting a
So, you’re thinking of selling your business and riding off in to the sunset, but how do you do that? Here are the 8 basic steps in the selling process: 1. You make the decision to sell your company Why do you want to sell? Are you burnt out and are ready for a change or just ready to retire? Or perhaps there are financial reasons and you need the money. Or is it because
When considering buying a business, many entrepreneurs will look for a loan. Standard commercial business loans can be costly and hard to qualify for, especially for small businesses. They are also risky to the lender! This can leave new business owners left out in the cold. To even the playing field, way back in 1953 Congress created the SBA. SBA stands for the U.S. Small Business Administration, an agency of the federal government that aids,