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You're interested in buying a business and feel that you can start negotiations with the seller. However, certain preliminary steps often need to be taken to protect the rights of the parties involved in the transaction. The letter of intent is one of those steps.
As both the owner and an employee of your company, you look for the best strategy to withdraw funds from your business. You should know that the answer depends on your current situation and cash flow needs.
Do you want to know if you should manage your investments personally or use a trust company? When is a trust company an essential, an asset or a costly option?
Entrepreneurial savvy is not something you learn at school. Its partly innate and partly acquired throughout your business life. Mentorship will help you improve your entrepreneurial savvy and increase your chances of business success.
Whether you're an entrepreneur thinking about passing on the torch or a successor, you have the same goal: transferring the business successfully so it can live on and grow. Make sure you have the help you need every step of the way.
You are the architect of your business acquisition project, so it's up to you to draw up the plans. Preparing a good business plan is an objective way of ensuring that the many pieces are in place, including the financing.
Facebook is the best form of social media for reaching the general public. Use it to attract new customers, build customer loyalty, inform your customers and promote and humanize your business.
Social media is a way for you to hear from current and potential customers. It's important to have a social media presence to find out what they are saying about you but also so other people can see and get to know your company.
