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A prospective buyer sits facing a seller, attempting to negotiate to buy a business

Negotiate the Terms of an Acquisition

Once you’ve found a business that meets your criteria and you’ve vetted it with your accountant and attorney, you can …

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A person is thinking, "How do I get my business to stand out?"

What Do You Want Your Business to Be Known For?

New and seasoned business owners alike often struggle with this question: How can I help my business stand out? The …

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A group of people sitting on the floor looking at computers

Before the Handshake: How to Vet Your Job Candidates

It isn’t easy to find great job candidates, but it’s harder still to know whether the candidates you’ve shortlisted will …

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Security cameras improve the security of a business

Site Security: How to Protect Your Business Location

Theft and vandalism are two problems that could result in tremendous costs for your business. There are costs to replacing …

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An old timekeeping system that is no match for today's shift scheduling systems

Solution Finder: Shift Scheduling Systems

If you manage an hourly workforce, you know the headaches of configuring schedules—and reconfiguring them as changes occur. Fortunately, app …

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A person sitting at a table is reading about how to improve her business social media profile

Strategies to Improve Your Business Social Media Profile

Having a social media presence for your business is essential these days, but with approximately 3.5 billion internet users worldwide, …

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A person touches a tablet screen with one hand and holds a credit card in the other, determining which business expenses charged to the card are deductible for tax purposes

Which Business Expenses Are Deductible?

One of the easiest ways to save your business money is to reduce your income tax bill. You can achieve …

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A manager with her back to the screen prepares to tell a roomful of her employees her business is closing

How to Tell Your Employees Your Business Is Closing

Early in the closing process, you should tell your employees your plans to close and dissolve your business. Federal and …

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A man is looking at his computer as he works through the retirement plan selection process.

Retirement Plan Selection: How to Find the Best Option for Your Business

Retirement plan selection a task you can't afford to get wrong. Here's why. Retirement savings plans are one of the …

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A business professional climbs an line-drawn staircase to emphasize how small business loans can help people climb to higher tiers of success.

How to Use Loans and Lines of Credit to Help Your Business Grow

After covering startup costs, many business owners struggle to attain the capital they need to pursue new opportunities or invest …

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A seller, a new owner, and a team of professionals work through the steps of completing a sale of a business

Your Go-to Guide to Completing the Sale of Your Business

Completing the sale of your business is a major milestone. In this article, we’ll explain the process that will take …

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A person sits on a couch and reads a franchise disclosure document

Your Guide to Reading a Franchise Disclosure Document

When you are evaluating a franchise for purchase, one of the documents the franchisor will share with you is the …

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Host a grand opening event to celebrate your first day of operations.

Grand Reopening: Create the Hype You Need to Make Your First Day a Success

Closing on your new business is a milestone achievement for you as an entrepreneur. Celebrate it by planning a grand …

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Host a grand opening event to celebrate your first day of operations.

Grand Opening: How to Create the Hype You Need to Make Your First Day a Success

A great deal of work goes into starting a small business, and your first day is a milestone achievement for …

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Two people who sit together are reading a document to determine whether they need a small business tax attorney

When Do I Need a Tax Attorney?

Tax challenges, audits, and complexities in determining the tax liabilities for your small business are some of the most common …

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A small business accountant holds a calculator

Thinking of Hiring an Accountant? Start Here.

Every business owner can benefit from hiring an accountant, especially one who is well-versed in financial standards, compliance, valuations, and …

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A person stands ready to review his small business income tax requirements

Understanding Small Business Income Tax

When you selected a legal structure for your business, you made a choice that impacts the taxes you’ll pay for …

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A lender holds a stamp of approval for a small business term loan.

Small Business Financing 101: Term Loans

Loans are one of the most common sources of capital for small business startups. For your venture, you might consider …

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A professional sitting at a computer prepares to write a business plan.

Write a Business Plan to Finance Your Startup

When you apply for financing for your new business, your lender may ask you to submit a business plan along …

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A retail storefront that may require an owner to set aside money for business construction or renovation costs

Cover Your Small Business Construction or Renovation Costs

It can be expensive to start a small business, especially one that requires a high-traffic physical location. Many business owners …

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An interviewer shakes hands with an applicant while working to hire for a small business

How to Hire the People Who Will Make Your Small Business a Success

The success of your business depends greatly on the quality of the people you bring on board. How can you …

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A person at a computer is on the phone working with a ROBS advisor to set up a rollover as business startup from his 401(k).

Small Business Financing 101: How to Use Your Retirement Account to Fund Your Small Business Startup

Many small business startups rely on loans for their early capital needs. But if the idea of hefty loans and …

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A empty storefront that could be acquired by owners who choose to lease or buy the site

Lease or Buy a Site: How to Make the Right Call for Your Small Business

Location is a factor you can’t afford to get wrong. It’s imperative that you spend time assessing your market, studying …

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Two professions form a partnership to start a business.

Tips for Forming a Partnership to Start a Business

The costs of starting a business can be significant. Fortunately, there are many financing options you can consider to alleviate …

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An entrepreneur applies for an SBA loan for her startup venture.

Small Business Financing 101: SBA Loans

SBA loans are one of the most commonly used ways to cover early-phase costs. Named after the Small Business Administration …

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Multiple excavators in a row are an example of the assets a business can borrow against.

Small Business Financing 101: Asset-Backed Financing

There are many ways to finance a business. One that few aspiring business owners consider is asset-backed financing, an option …

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A legal balance for startup attorneys

Every Small Business Needs an Attorney. Here's Why.

An attorney can be an invaluable member of your team, especially as you work through the complex challenges of startup. …

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A person sitting in a creative office smiles while thinking about how to raise capital

Your Go-to Guide to Raising Capital for Your Small Business

Real estate, equipment, inventory, technologies, wages, and insurance are some of the many costs you’ll need to cover when starting …

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a row of retail storefronts, any one of which can be attained with a commercial real estate loan

Small Business Financing 101: How Commercial Real Estate Loans Can Help You with Your #LocationGoals

Disclaimer: This article was written to help you evaluate your commercial real estate loan options. It should not be construed …

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A person sits at a computer and tries to set up a tax ID

Small Business Basics: How to Attain a Tax ID Number for Your Small Business

If you plan to start a small business, you should determine whether you need to set up a tax ID …

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A person holds and reviews a document on commercial leases

Your Go-to Guide to Commercial Leases

If you choose to rent a storefront or commercial property, you may be required to sign and abide by a …

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A pile of thumbs up buttons

How to Set Up Social Media for Small Businesses

Whether you’re a local shop or an e-commerce store, establishing your business’s social media presence is vital. Now, it’s more …

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A person types on a calculator and holds 100 dollar bills, determining how to save on equipment costs

Small Business Financing 101: How to Save on the Equipment You Need to Start or Grow Your Small Business

When you’re starting or growing your business, every expense should be navigated carefully to stretch your dollars farthest. With a …

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Venture capital professionals shake hands with a business owner

Small Business Financing 101: Venture Capital

When you’re looking into financing options for your small business, you may wonder whether venture capital should be part of …

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A woman with hand-drawn wings represents an angel investor

Small Business Financing 101: Angel Investors

Angel investors are individuals or networks of people who invest in new, small, or growing businesses to provide them with …

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A person sits at a desk reading a computer to determine if portfolio loans are a wise choice for a business

Small Business Financing 101: Portfolio Loans

Portfolio loans are one of many options you can pursue to raise cash for your small business. Sometimes called a …

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A person uses a calculator to determine whether a commercial bridge loan would benefit a business

Should a Commercial Bridge Loan Be Part of Your Financing Strategy?

When it comes to real estate purchases or improvements, many small business owners find that they need fast access to …

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A wall with many doors represents the options business owners have as they choose a business structure

Small Business Basics: Choose a Business Structure

As you work through the steps of starting your business, you’ll need to choose a business structure. The choice you …

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A group of professionals sits at a table and listens to an investor pitch

The Pitch: Keys to Winning Over Investors and Others

Most small businesses rely on outside sources of funding, especially when they’re starting up or ramping up to expand their …

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A life preserver floats in water, representing the importance of the protection afforded through small business insurance

Small Business Basics: Insurance

Have you thought about the types of insurance coverages you’ll need to protect your small business? What about protecting your …

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Two people sit in a bank branch office setting up small business banking options

Small Business Basics: Attaining a Business Bank Account

Before spending money on your business or accepting money from customers, you should open a business bank account and obtain …

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A person completes forms to acquire the small business licenses that are needed to run a business

Small Business Basics: Permits and Licenses

Depending on your line of work, location, and certain government rules, you may be required to attain federal, state, and/or …

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A person holding a credit card is happy after taking the action to sign up for a business credit card

Small Business Basics: Sign Up For a Business Credit Card

Obtaining a business bank account is important, but you should also sign up for a business credit card to track …

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A person looks thoughtfully at a series of question marks while thinking of a name for a business

Strategies for Naming Your Business

Your business name may be the first impression your customers have of your business. The right name can impact your …

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A cafe manager smiles confidently after starting a business

Where to Start When Starting a Business

If you’re feeling drawn toward starting a business, you may be grappling with a number of questions: How do I …

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A person shakes hands with a registered agent

Why You Might Need a Registered Agent

Most businesses are required to register in the states or territories in which they plan to conduct “business activities.” These …

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A professional in an office uses business ratios to gauge his success.

The Ratios You Need to Measure Your Business’s Success

How do you know when your business is succeeding? You might look to the number of sales you make, your …

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A person sits at a desk in an office and works through the steps of buying a franchise

Nine Tasks to Take on Before Buying a Franchise

Franchises are a popular choice for a reason: They offer entrepreneurs an opportunity to purchase and run an entity that …

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A person looks thoughtful while working on the computer to determine "which franchise is right for me?"

Assess Your Skills, Interests, and Goals Before Searching for a Franchise Opportunity

Franchise ownership can be an exciting opportunity for people with a variety of skills, backgrounds, and experiences. By understanding the …

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The costs of a franchise unit can be covered with an SBA loan.

Finance Your New Franchise with an SBA Loan

If you are considering the purchase of a franchise, you may be wondering about SBA loans, one of the most …

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Two people use a calculator to determine how much a franchise will cost

Investing in a Franchise: What It’ll Cost and What You Can Afford

For many prospective franchise owners, one of the most important considerations is cost. Here are eight costs you must consider …

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A person at a computer is on the phone working with a ROBS advisor to set up a rollover as business startup from his 401(k).

How to Use Your Retirement Account to Fund Your New Franchise

There are many ways to attain the funding you need to purchase a franchise unit. But if the idea of …

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Two professionals interested in a franchise choose to partner.

Reasons You Might Need a Franchise Partner

Is a franchise partner right for you? There are a number of reasons you might say yes.   What are …

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People attend a discovery day event

What is Discovery Day and How Should I Prepare?

Discovery day is an event franchisors hold to showcase the business to prospective franchise unit owners. This event provides the …

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A person sits in a office and reviews a series of franchise agreements

A Crash Course on Franchise Agreements

After reading the franchise disclosure document (FDD) and attending a franchise’s discovery day, you may be invited to sign a …

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A prospective franchise unit owner considers asset-backed financing.

Asset-Backed Financing for Franchise Owners

There are many ways to finance the purchase of a franchise unit. One that few aspiring business owners consider for …

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A person types on a computer keyboard to search for franchise opportunities

How to Find Franchise Opportunities That Suit Your Skills, Interests, Goals, and Budget

Many sites list franchise opportunities, making it’s easy for prospective owners to find and compare options. However, the abundance of …

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Two prospective franchise unit owners read a franchisor financing terms document with another professional

Considering Franchisor Financing? Here’s What You Should Know.

Franchisor financing can be an attractive option for covering the startup costs of a franchise unit. This form of financing …

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Attendees listen to a speaker during a franchisor training session

Franchisor Training: What to Expect

After signing your franchise agreement, you can enroll in franchisor training, a program your selected franchisor may offer to help …

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Host a grand opening event to celebrate your first day of operations.

Celebrate Opening Day for Your Franchise

A great deal of work goes into starting a franchise unit, and your first day is a milestone achievement for …

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A person sits at a desk and reviews franchise requirements

Studying Your Target Franchise’s Requirements

Every franchise has a distinct set of requirements prospective owners must meet to begin the ownership process. In this article, …

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A storefront that may be one element an owner should consider when developing a plan for financing a franchise

Your Go-to Guide to Financing the Purchase of a Franchise

Franchise fees, real estate, equipment, and inventory are some of the many costs you’ll need to cover when starting a …

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A empty storefront that could be acquired by owners who choose to lease or buy the site

Lease or Buy: How to Make the Right Call for Your Franchise Location

For most franchises, location is a factor you can’t afford to get wrong. It’s imperative that you spend time assessing …

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A storefront that could serve as a franchise location

Location Can Be the Make or Break Factor for Your Franchise Success

Most franchisors provide their franchise unit owners with a territory in which they can own and operate a business. For …

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A franchise unit owner works with a loan officer to obtain a loan for construction

How to Attain Financing for Franchise Construction or Renovation

There are many costs to starting a franchise unit. After the franchise fee, one of the most significant costs is …

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A person sits on the ground outside with a computer in her lap, working as an absentee franchise owner

Can I Be a Franchise Owner Without Working Onsite?

Most franchise operations require owners to work a minimal number of hours on site each week. Many ask owners to …

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A franchise broker sits at a desk in front of a computer

Who’s on Your Team: Navigating Franchise Brokers, Coaches, and Consultants

When searching for a franchise, you may encounter a franchise broker, coach, or consultant who pitches a valuable service: They …

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Two business partners working in an office look at franchise resale opportunities on a computer

Smart Play: Franchise Resale Opportunities

There can be significant benefits to purchasing an existing franchise unit over starting a new one. The benefits of these …

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Two prospective franchise owners talk with a professional as they complete the due diligence process

Considering a Franchise? Here's How to Make a Smart Call.

Franchise ownership may be one of the easiest routes to entrepreneurship. However, franchise opportunities shouldn't be pursued without careful consideration. …

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A business person works on her plan for her franchise.

How to Write a Business Plan for Your Franchise

When you apply for an SBA loan, a term loan, or another form of financing, you may need to present …

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A professional at a computer works on advertising strategies for social media

Get Started with Advertising on Social Media Platforms

If you want to boost your business in 2021, advertising on social media is a must. Unlike the old-school approaches …

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A picture containing text, computer, computer, personDescription automatically generated

Social Media Campaigns: How to Track Your Success

Using social media for your business is vital, but it’s not enough to simply post content. You must track your …

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A pile of thumbs-up characters represent the "likes" that can be attained on social media platforms by a small business that masters those channels

Social Media 101: Getting Started

Whether you’re a local shop or an e-commerce store, establishing your business’s social media presence is vital. Now, it’s more …

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A business person holds a mobile phone and completes a calendar to plan a business's social media calendar

How to Create a Social Media Content Calendar

The world of social media is constantly in flux with new platforms, new algorithms, and new trends. Staying on top …

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A person sitting at a desk is thinking about how to design a website to amplify her business brand.

How to Design Your Website to Amplify Your Brand

Your business’s website is one of the most important tools in your arsenal. Once a tool to list the products …

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A designer works on creating a logo for a business.

How to Create a Logo for Your Brand

Your business’s logo screams a message about your brand. It tells your audience if you’re legitimate. It demonstrates that you’re …

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Two professionals sitting in front of a computer try to update their business's logo.

It May Be Time to Update Your Business’s Logo

Over time, some logos grow stale. This is especially true for logos that lean heavily into a design element that’s …

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A red apple lays in a pile of green apples to signify how important it is to set your business apart

Brand Differentiation 101: How to Set Your Business Apart

It can be difficult for customers to distinguish between rival brands, especially when the price points, products, and services they …

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A person at a cash register studies her small business sales tax requirements

Understanding Small Business Sales Tax

The United States doesn’t levy a federal sales tax, but many of its states do. And within those states, various …

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A retail storefront that could be an optimal small business location

Location Can Be the Make-or-Break Factor for Your Business’s Success

For on-the-go businesses, such as roofing companies, concrete designers, or cleaning businesses, a facility's location is important. A central location …

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A manager prepares to respond to web reviews

Devote Time to Read and Respond to Reviews of Your Business

Businesses live and die by the reviews they receive. More than ever before, people are talking about their experiences online, …

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A keyboard with a mail button to help owners build an email list

How to Build an Email List for Your Business

One of the best ways to grow your business is to (regularly) get in front of your target audience with …

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A pen lays atop a financial document used for evaluating the asking price of a business.

Evaluate the Asking Price of a Business

One of the most difficult parts of buying a business is learning to evaluate the asking price and proposing a …

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A person seated at a desk holds a calculator while evaluating the price of a business

A Practical Guide to Evaluating the Price of a Business

Two of the most difficult parts of buying a business are evaluating the asking price and proposing a fair offer. …

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A person uses a phone and computer to determine how to use a retirement savings plan to fund a business acquisition

How to Use Your Retirement Savings to Fund Your Business Acquisition

You have many options for attaining the funding you need to finance a business acquisition. But if the idea of …

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A person is try to write a great posting on a computer

Why You Should Spend Time Writing a Great Job Posting

When you post a job, you’re presenting your business to a wide pool of candidates for the very first time. …

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Two people exchange a credit card while using point-of-sale systems

Solution Finder: Point-of-Sale Systems

If you conduct sales at a storefront or customer’s location, you may want to consider point-of-sale (POS) systems that allows …

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A person shakes hands to buy a business from another person to attain a competitive edge

How Buying a Business Can Give You a Competitive Edge

As a business owner, you know the importance of growth. Efforts to grow organically through increased awareness, by building a …

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A picture containing cloudsDescription automatically generated

Expand Your Business into a New Region

If you want to expand your business (or overcome stalls in growth), you may look to new markets to extend …

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Three people waiting in line for an interview scheduled through an applicant tracking system.

Solution Finder: Applicant Tracking Systems (ATS)

If you employ others—and plan to make more hires as you grow and scale your business—you may consider applicant tracking …

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Employee scheduling can be a much simpler process with new digital tools.

Schedule Smarter: How to Staff Your Business to Save Costs and Minimize Stress

Employee scheduling can be a manager’s nightmare, but it’s a task that’s essential for accomplishing workflows, meeting customer demands, and …

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A person sits at a desk working on writing an employee handbook

Why You Need an Employee Handbook for Your Small Business

Your employee handbook outlines the rules and expectations you, the employer, have for your employees. This valuable resource should inform, …

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Two people use low-stress strategies can help you reduce your labor costs.

Simple Strategies to Reduce Labor Costs

Labor costs are often one of a business’s largest expenses. However, drastic cuts to these costs can inhibit your ability …

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A woman is struggling to juggle tasks because she needs to delegate her work.

Learn to Delegate Business-Critical Tasks

Many small business owners find it hard to delegate tasks, not only because their business is a product of their …

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Small Business Benefits: Your Guide to Getting Started

One of the best ways to attract and retain employees is by offering them benefits. In this article, you’ll learn …

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Two people bump fists as they work through a seller financing arrangement

Why Seller Financing Can Be a Great Source of Capital

Seller financing can be an attractive option for financing a business acquisition. Sometimes called a seller’s note, seller financing is …

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An attorney sits at a desk ready to help with an acquisition.

The Right Attorney for Your Acquisition

An attorney can be an invaluable member of your team, especially as you work through the complex parts of a …

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An accountant is sitting at a desk, prepared to help with an acquisition

The Right Accountant for Your Acquisition

A knowledgeable business accountant is a necessity for your small business acquisition—and far beyond. An accountant can help you make …

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A person holding a tablet reads about competitive analysis

Conduct Your Own Competitive Analysis in Ten Simple Steps

Competitive analysis can help you identify your competitors, find out what and how they’re selling to their customer base, and …

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A business owner and an attorney sit at a desk discussing the letter of intent they drafted

Why You Need a Letter of Intent (LOI) to Purchase a Business

A letter of intent (LOI) is a document your attorney will draft to indicate your interest in purchasing a business. …

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