The Four Steps to a Successful Exit Plan
Exiting a business is one of the biggest decisions an owner will ever make. Whether you plan to retire, hand the company over to family, or sell to an outside buyer, having a clear exit plan is key to protecting the value you’ve built and securing your future. A structured plan ensures the transition is […]
Track Your Business Success with These 3 Simple KPIs
Running a successful business isn’t just about making sales, it’s about knowing the numbers that drive profitability. If you’re unsure where to start, tracking just three key performance indicators (KPIs) can make all the difference. In this blog post, We will explore the most essential 3 KPIs every business owner should monitor. Also, you can […]
Why use an Attorney During a Business Sale?
Using an attorney during a business sale is crucial to ensure the transaction is handled legally, professionally, and with minimal risk. Here’s why engaging an attorney is beneficial: Drafting and Reviewing Legal Documents Business sales involve complex legal agreements, such as purchase agreements, non-compete agreements, confidentiality agreements, and leases. An attorney ensures these documents are […]
Elder Abuse Awareness Day: A Commitment to Protecting Our Seniors
June 15 marks Elder Abuse Awareness Day, a time when communities around the world come together to shed light on an issue that often goes unnoticed—elder abuse. This includes physical, emotional, and especially financial mistreatment of older adults. At Schwab, we are deeply committed to raising awareness and helping families recognize the signs of elder […]
How to Improve Small Business Profitability
Improving small business profitability involves strategic planning, efficient operations, and customer-focused initiatives. Here are concise steps to achieve this: Increase Revenue Upsell and Cross-Sell: Promote complementary products or services. Expand Offerings: Introduce new, customer-aligned products/services. Focus on High-Margin Items: Prioritize selling high-profit items. Enhance Customer Loyalty: Use loyalty programs, personalized offers, and email campaigns. Leverage […]