Posts Tagged ‘business owner’

3 Non-financial Factors That Affect the Value of Your Business

A lot more than your business’s financial statements determine its true worth. The top three non-financial factors that can drastically affect business values are management structures, diversity, and growth potential.  If you’re the buyer, these factors can help you see the bigger picture outside the numbers and get an idea of what’s actually driving the…

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Use Accrual Accounting for Long-Term Success

You’re an entrepreneur who is excited about growing your small business. Maybe you’ve identified the perfect niche market designing websites for local restaurants or installing high-end home security systems. You’re passionate about your company’s services, growing your business, and polishing your brand. Your focus on those elements of your business is really important to your…

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Business Owners Must Avoid the Glider Path

I know a doctor who built a great practice and then unintentionally ruined it. Doc was a hard worker. He had earned his way to a comfortable retirement. But then he made a critical mistake. He took his foot off the gas. He figured he could glide for a few years before selling the business. He…

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