Articles of dissolution, what is it, and why is it important?

Alternatives to Selling, Finance

Articles of Dissolution, what is it, and why is it important? Exiting a business, especially if you have not planned to, can be a stressful experience. If exiting the business is the path you decide to take, know that you do not have to go through the process by...

Planning A Business Exit? Here’s How To Talk To Your Business Partner

Personal, Planning

Having a business partner brings with it a commitment to work together through highs and lows. Over time, you’ve probably developed a close relationship, a strong and consistent collaboration, and a deep level of trust with your business partner. Because of this, it...

4 Common Emotions A New Small Business Owner May Experience

Personal

There are various reasons why people are motivated to have their own businesses. According to a study conducted by Guidant Financial, 55% of aspiring small business owners believe that having their own business is a great opportunity to be their own boss. The second...

4 Signs That Burnout Is Driving You To Exit Your Business

Personal

The COVID-19 pandemic has undoubtedly affected small businesses. The most common impact is loss of revenue, reported by 23% of small business owners, followed by reduced budgets, closures, and wage cuts. Many small business owners turned to finance methods, with cash...

Three Tips For Getting Your Financials Ready To Share With A Buyer

Finance, Planning

Suppose you’ve decided to exit, sell the business. In a sense, quit your job. Just how do you sell a business? Preparation is paramount: take a look at some financial statements for selling a business. What financial documents do you need? Following are...