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Business Blog

Important Considerations for Purchasing a Business
  • By: Tom Walker
  • Published: November 14, 2019

Among those folks who want to own their own business, some build a company from scratch. That’s not the only option. Purchasing a company already in business may be a good alternative. If you are interested in acquiring a business instead of starting one, here are things you should consider. Do you want to purchase an independent business or a franchise? Each opportunity presents a unique set of circumstances. With franchises, you are part of a systematic network built around…Read More

3 Things to Keep in Mind When Deciding on a Business Structure
  • By: Tom Walker
  • Published: September 28, 2019

Often times people tell you there are certain business structures that are “better” than others…that is only true when you consider how it will impact your own particular business and your needs. All business structures have their advantages and disadvantages. The key is to look at your own business and determine the structure that will best serve your needs in 3 specific areas. If someone tells you they know the best business structure for you, be cautious in following their guidance…Read More

One Way to Lower your Business Risk…Preempt it
  • By: Tom Walker
  • Published: September 17, 2019

Every business owner we talk with wants to keep their risk as low as possible…it’s just smart business. Yet all too often we see that the business is doing things that might actually be increasing their risk overall. How can this dichotomy exist when we are all striving hard to keep our risk as low as possible? One answer might help solve this dilemma for you.If you’re like most organized business owners, there are certain things you do for your…Read More

The One Thing Most Business Owners Miss
  • By: Tom Walker
  • Published: August 29, 2019

As a fellow business owner I know we miss things, it's part of running a business. Granted, there are lots of surprises when it comes to running a business but if you’re like the majority of owners, you figure it out and move on. But it’s always nice when you can “avoid” something so you don’t have to figure it out. This is one of those things I want you to avoid because figuring it out later usually doesn’t end…Read More

RISK…How Much Can You Stomach?
  • By: Tom Walker
  • Published: August 12, 2019

If you own or lead a business, the word RISK is part of your every day vocabulary. Every decision a business leader makes carries with it some level of “risk analysis” before making it. Some of these decisions are easier than others and you may not be thinking about the word, but every decision involves you determining its level of risk to the organization (and possibly you).How much Risk is too much Risk? This is always the dilemma leaders face.When…Read More

5 Pitfalls Every Business Owner Can Avoid When Selling Their Business
  • By: Tom Walker
  • Published: July 26, 2019

If you’re thinking about selling your business or you have decided to sell…congratulations. You have most likely invested many years in building and growing it into something of value which should bring you a nice retirement. While this is the goal of most businesses, it isn’t always achieved. Often times this doesn’t happen, not because of the type of business, age of the business, or other business factors…but because of other factors that can have significant impact on the eventual…Read More

“Window Dressing” Your Business for a Successful Sale
  • By: Tom Walker
  • Published: July 5, 2019

I’m sure you are a bit disturbed (or interested) by my use of the word “Window Dressing” when it comes to your business. To most people this is can be a negative or fluffy term rather than something that is based on facts and figures. They think it is being sneaky or “pulling the wool over your eyes” (a great old phrase) and manipulating what is really happening. All of that, while it might be what you think, isn’t what…Read More

50-50 Partnerships Can Immobilize a Business
  • By: Tom Walker
  • Published: June 26, 2019

When a partnership is starting it just seems natural that everything should be equal…a 50-50 partnership. You both share in the ideas and have different strengths and together make a wonderful team. So why wouldn’t you want to set up the business partnership as being equal? While this might seem like the right thing to do in the beginning, often it isn’t the best solution down the road, especially when it comes time to sell.Or take another view of this…Read More

The “Big Truck” Scenario for Business Leaders
  • By: Tom Walker
  • Published: June 12, 2019

Small to medium sized businesses are usually run by and dependent on their founders or owners. They are the ones that took and idea and brought it to life for the company. They are the ones that established the business and put in all the hard work to get it where it is today. They are the ones that wear many hats and work countless hours to keep their “baby” alive and thriving. These are the founders and owners of…Read More

9 Employment Laws Every Business Needs to Stay on Track With
  • By: Tom Walker
  • Published: June 4, 2019

Employment laws can be tricky…they tend to change (or get updated) frequently. This is an area many businesses, especially smaller ones, tend to “not have time for” until something comes back to bite them later. It’s much easier (and less expensive) to know them and incorporate them into your business today than later when there is an issue. There was a great article that talked about these issues, “9 employment law issues you need to watch,” that talks about these…Read More

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