Exit planning

Sales of businesses setting records despite lack of planning

BizBuySell.com is the Internet’s largest business-for-sale marketplace and it just had its busiest quarter ever. In the third quarter of 2017, 2,589 companies listed on the online marketplace changed hands. That was 23.8 percent more than the 2,090 that sold in the third quarter of 2016 and 53.8 percent above third quarter 2015. As the Baby Read more about Sales of businesses setting records despite lack of planning[…]

Number of businesses selling on the rise in 2017 – are you ready?

According to BizBuySell.com, the largest online business-for-sale markeplace, a record number of businesses sold in the first quarter. BizBuySell.com stats from prior years: First quarter 2017 – 2,368 businesses sold First quarter 2016 – 1,840 First quarter 2015 – 1,830 First quarter 2014 – 1,726 First quarter 2013 – 1,897 The company theorized that the Read more about Number of businesses selling on the rise in 2017 – are you ready?[…]

The best cost to eliminate is the cost of poor quality

Entrepreneurs always look for opportunity – it’s why people start businesses in the first place. Running a company takes discipline. Sometimes that discipline means learning when to not pursue an opportunity and instead focus on your core procress until it’s perfected. In 2014, Industry Week published an article on five steps to improved manufacturing quality. Read more about The best cost to eliminate is the cost of poor quality[…]

Exiting a business? Here’s how to be a 40 percenter

There are two roles to transitioning a business, the one getting out and the one getting in. The process of striking the deal so that there will be a change is the easy part. According to a study by BDC Capital, a Canadian government-owned institution with the charter of providing capital to small- and medium-sized Read more about Exiting a business? Here’s how to be a 40 percenter[…]

More than half of U.S. companies don’t know their own numbers well enough

An annual survey of small businesses in the United States uncovered this remarkable stat – more than half of the 1,100 businesses surveyed don’t track assets and nearly half don’t track inventory. The is a lot of interesting reading in the Wasp Barcode Technologies State of Small Business survey, but the fact that 55 percent Read more about More than half of U.S. companies don’t know their own numbers well enough[…]