Selling your IT or Managed Service Company
Selling a IT or managed service provider (MSP) company can be a complex process that requires careful planning and execution. Here are some steps to help you sell your company: 1. Determine the value of your company: Before you start the selling process, you need to determine the value of your company. This can be […]
A Checklist for Selling your Business
Selling a business can be overwhelming. Once the decision is made to step away from your company, the question remains: what next? We’ve made a handy to-do checklist so you can navigate the process with ease and ensure a successful sale. 1. Prepare: Ensure all important records are up-to-date and anticipate buyers’ due diligence inquiries. […]
How to Prepare your Clients for a Business Sale
Selling a business can be a momentous event, representing the culmination of years of hard work and dedication. It’s a life-changing decision that isn’t often taken lightly. For business owners, the journey toward a successful sale can be both exciting and daunting. Accountants can play a pivotal role in a business sale, offering their expertise, […]
Five Steps to Boost Client Retention
In 2022, the number of accountants working in the US reached a record high. With increased competition, retaining your existing clients has become more crucial. To help you navigate this competitive landscape, we share five essential steps accountants can take to foster long-term relationships and keep their customers happy and engaged. Step 1: Knowledge is […]
8 Essential Technologies Small Businesses need
The digital age is here – and for organizations, it is providing a wide range of benefits. From increased productivity to boosted operational efficiency, technology is improving the way we work, bringing businesses ever closer to peak performance with zero time or money wasted. Tech is constantly evolving, however, and it is up to companies […]
Financial reports: What does my business need and why?
Whether you are a small business or large, financial reports should play a vital role in the running of your organization. They serve as powerful tools for business owners, directors, lenders, and other stakeholders, providing valuable insights into a company’s financial health, performance, and overall success. So what do you need and why? Here, we […]
How small businesses can buy health insurance
Did you know small businesses are the least likely to offer group health insurance? According to the Kaiser Family Foundation (KFF), just 39 per cent of businesses with 3-9 employees offer it compared to 91 per cent of organizations with 50-199 employees. Moreover, just over half (58 per cent) of those with 10-24 employees […]
4 tips for growing your business while maintaining financial health
The last 12 months have been difficult for businesses, presenting additional challenges that have seen many focus on surviving rather than thriving. However, growing a business in a tough economic climate isn’t out of the question. In fact, with the right strategies in place, you can weather the storm and emerge even stronger on the […]
Disaster Recovery Planning for your Small Business
Most small businesses never envision needing a disaster recovery plan yet 30% of businesses have reported that they have had to close for 24 hours or more according to the National Association of Small Businesses. Whether your business is being interrupted by fires in California (8,000 on average in the month of August alone according […]
Purchasing a small business: what resources are available?
When buying a small business, there are several resources available that can help you make informed decisions and navigate the buying process. Here are some resources to consider: Business brokers: Business brokers are professionals who help facilitate the buying and selling of businesses. They can help you find businesses for sale, negotiate the terms of […]