Blog tagged as Business Operations

One of the most critical questions for prospective buyers, investors, and lenders is understanding a business’s true income. However, it should come as no surprise that the party most invested in uncovering this information is the Internal Revenue Service (IRS).

Businesses can face various challenges, and many issues that arise are not always immediately obvious. However, there are common signs to look for when a company is in trouble or headed in that direction.

Whether you’re 18 or 65, owning a business is challenging, with no guaranteed path to success. While many factors contribute to a business’s chance of survival, the obstacles and opportunities you face shift as you get older.

Younger would-be chief executives are increasingly seeking profits—and freedom from the 9-to-5—by pivoting from corporate jobs into often unglamorous small-business niches.

When it comes to selling your business, it's easy to focus solely on the numbers, but it's important to remember that they only tell part of the story.