COVID-19 has had a devastating impact on the cash flow of many small businesses. Government restrictions and societal behavioral changes were often the cause. Many of these businesses were classified by federal and state governments as being non-essential. The lending and business valuation communities have taken the position that COVID’s negative impact on businesses...
It can be difficult to consider what will happen to your business and your family if you die unexpectedly. Without proper planning, you could be leaving your family and/or key stakeholders in a huge mess. Proper planning allows you to keep your business on the right path even after an unexpected tragedy leaves you unable...
Next-level management teams are the drivers behind building business value. But how can you and your advisors attract and keep next-level management teams? The answer lies within incentive plans. When incentive plans are properly designed and implemented, your business has the potential to grow well after you sell. Well-executed incentive plans can motivate each member...
Starting the preparations to sell your business is never easy. Selling or buying a business comes with mixed emotions and hard decisions. There are a lot of variables to consider. One action item to discuss early is the process of due diligence. In order for you to attract a buyer to your company, you must...
Expert Panel® Forbes Councils Member No matter what their primary motivation, an important goal of every entrepreneur is to make money. And often when someone first starts a business, most of their focus goes into tracking sales and revenue. While these metrics are crucial, there are other telling financial indicators a new business owner needs...
Winsupply Eyes Distribution Expansion for its Fifth Acquisition of 2021 Winsupply Inc., a supplier and distributor of various residential and commercial construction and industrial supplies and equipment, acquired Clausen Supply out of Clinton, Iowa on September 2, 2021. Clausen serves as a main distributor in the HVAC industry in the eastern Iowa region. Jon Clausen,...
Larry Carnell explains important tax and estate information for all current and future business owners. [embed]https://www.youtube.com/watch?v=ZvnwCEdNz1g[/embed] Disclaimer: Sunbelt Business Advisors and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal...
State of Minnesota Main Street COVID Relief Grants Applications Open on September 20th, 2021 at 10am CST. Business owners: the State of Minnesota is opening a portal for a new program which will make $10,000 - $25,000 grants to Minnesota-owned and-operated businesses that can demonstrate financial hardship as a result of the COVID-19 outbreak. The...
Unless you’re operating a cash-only business, you need a payment processor. This statement holds true regardless of your company size or industry. If you’re accepting credit cards, a processing company is the only way to make that happen.Simply put, all payment processors are not created equally. Rather than choosing the first option that comes to...
