Closing a sale feels great. But here’s a question worth asking: Did that sale actually make you money? It’s surprisingly common for businesses to discover they’re breaking even on certain sales or, worse, losing money without realizing it. The difference between a profitable sale and one that costs you money comes down to one thing: …
Managing overtime costs presents a constant balancing act for business owners. While overtime often signals strong demand for your products or services, excessive overtime costs can strain your cash flow and complicate payroll management. Understanding the current rules and implementing effective oversight strategies can help you maintain control of these expenses. Understanding Federal Overtime Requirements …
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For mid-market business owners considering an exit strategy, successful merger and acquisition (M&A) transactions require thoughtful planning, systematic improvements, and professional guidance, which should begin at least three to five years in advance. Here’s your roadmap for positioning your business for a successful sale. 3-5 Years Out: Foundation Building for Merger and Acquisition The most …
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Understanding your company’s true value is the foundation of every major business decision you’ll make. But when exactly should you invest in a professional business valuation? The timing can make all the difference in maximizing your business’s potential. It’s Never Too Early According to business valuation expert Hank Boone, there’s “never a wrong time” to …
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