Monthly Archives: February 2014

Have You Hired The Right Bank?

Recently I was visiting with a very good commercial lending officer.  We were discussing the current economic climate and the trends we both have witnessed lately with respect to commercial and Industrial (C&I) lending.

He made an off-hand comment that I probably did not adequately appreciate at the time, but upon reflection it hit me like a brick!



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Is a Merger Right for Your Business?

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.…

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PROFESSIONALS YOU SHOULD HIRE WHEN SELLING YOUR BUSINESS

Author: Christina Galoozis 

 

Selling the small business you’ve built for years is like watching one of your children graduate from school—your rearing is done, and now it’s time to let go.

It is also a complicated process that you cannot go through alone. How will you know if the business is selling for what it’s worth?



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3 WAYS TO VALUE A BUSINESS FOR SALE

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.…

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Timely & Accurate Business Financial Statements

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.…

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