Are you ready to sell your company or wondering if now is the right time? Regardless of whether you’re just beginning to think about selling your company or are ready to pull the trigger on a full-blown process, if you haven’t been through a sale before, there are a few Read more…
Inflation affects all of us in our lives and businesses. However, how we measure the impact and what we do about it is critical to maintaining a healthy profit for a sustainable company. In this article, we address signs that profit is leaking in your company, what to do if Read more…
Uncertainty may be a cause for concern, but when was the last time you were truly in a certain world? Your outlook for 2024 depends on your industry, geography, and the extent to which you trust in the accuracy of mainstream media. We subscribe to multiple economic data sources to Read more…
If you’re eyeing the prospect of taking over the business your boss owns, recent changes by the Small Business Administration (SBA) might make your goal more achievable. Whether your boss owns the business outright or you’re already a partial partner, the SBA has revised its rules to simplify the financing Read more…
If you have decided to sell your business in two or three years, you likely need to change some of your strategies to suit this new vision. While your money-saving tactics have gotten you this far, a new approach is needed to ensure you maximize the sale of your business. Read more…
In 2020, Colorado voters approved Proposition 118, opening the doors to a state-run Paid Family and Medical Leave Insurance (FAMLI) program. The program ensures that all Colorado workers have access to paid leave in order to take care of themselves or their family during life circumstances that pull them away Read more…
Part 4 – Five Steps to Success In this 4-part series, we’ve covered the overview of the bank lending process and the first four steps. This final installment covers the fifth and final step, pulling the whole process together for presentation to a lender and answering follow-on questions. The entire Read more…
Part 3 – Providing Detailed Financials and Operating Data History Over the course of this 4-part series, the first two blogs covered the overview of the 5-step process and went into depth regarding the first two steps of the process. This blog covers the third and fourth steps which are Read more…
Part 2 – Matching Loan to Lender Part 1 of this series mentioned that the first step to getting a bank to loan your business money is, of course, finding the right lender. This starts with understanding the use of the funds, since it will determine the structure of the Read more…
Part 1 – A Process Summary This is a four‐part series on just what it takes to obtain a business loan and understanding the process you might face in running your business with someone else’s money. Today many businesses are experiencing growth opportunities and need capital to finance growth. So, Read more…