One of the most complicated small business decisions you may have to make is whether to merge your business with another. A merger requires a great deal of thought about the complexities involved.
“There’s no real one-size-fits-all formula,” says Mike Myatt, managing director of N2 Growth, a professional services firm headquartered in Delaware.… Read more >
Entrepreneurs ready to sell must decide whether an asset, income or market-valuation approach makes the most sense for their business.
Here are the three most common ways professionals calculate how much a business is worth:
1. Asset Approach:
This method basically determines a business’ value by adding up the sum of its many parts.… Read more >
Timely and accurate financial statements preparation is critical to the success or failure of a business. The Chief Executive Officer, owner, partner or a member of the senior management team of a business must review the business financial statements and have a good understanding of them. Visualize a funnel, with all the daily activities and costs of a business – sales, production, distribution, advertising, promotion, warehousing, engineering, research, accounting and administration – dropped into the top of this funnel, with timely and accurate business financial statements coming out the bottom of it.… Read more >