Alignable’s August Rent Poll Report shows that, overall there was a 5% improvement in the number of small businesses that were able to pay their rent this month. This is the first time in six months where there was such a positive lift. That said, still 30% could not afford to… Read More »Small Business Rent Payments
According to Equifax data published by the New York Federal Reserve, mortgage originations nearly hit $1.2 trillion in Q4 2020, with refinances accounting for roughly 60 percent of that total. The refinancing boom became even more apparent in early 2021, as existing homeowners refinancing their debt accounted for a whopping 70… Read More »The Great Refinance
Working capital drives your business. When buyers acquire a company, they expect working capital to be included. As business owners get successful and comfortable, many get lax about working capital. They establish a habit of fast payment, slow collections, and maintaining excess (or even obsolete) inventory. Go into a sale… Read More »Fix Inefficiencies Prior to Sale
Biden promised new revenue to pay for historic spending increases in his second, very “soft” infrastructure package. He needs tax increases to pick up votes from Joe Manchin (D-W.Va.) in the Senate and a handful of House centrists, who are concerned about adding even more to the national debt.
AmTrust Financial Services, Inc., a global specialty property and casualty insurer, Wednesday released the AmTrust 2021 Contractor Risk Report, identifying common injuries and the resulting time off work for the specialized group. The report, based on 26,000 workers’ compensation claims over 10 years, found that companies in business less than four… Read More »Plumbers and Electricians Have the Most Claims
AmTrust Financial Services, Inc., a global specialty property and casualty insurer, yesterday released the AmTrust 2021 Contractor Risk Report, identifying common injuries and the resulting time off work for the specialized group. The report, based on 26,000 workers’ compensation claims over 10 years, found that companies in business less than… Read More »Time off from work due to injury
With a commanding majority and knocking the reigning reason – Retirement – for the past 30+ quarters out, unsolicited offers were the #1 reason Business Owners sold their company in Q2 2021. Business Owners need to be prepared as preparation leads to higher values!
The U.S. service sector, the biggest contributor to the country’s GDP by far, continued its recovery from the adverse effects of the COVID-19 pandemic in the second quarter of 2021. That’s according to advance estimates from the U.S. Census Bureau’s latest Quarterly Services Report, which indicates that services revenue increased by… Read More »Leisure and Hospitality Trails in Service Sector Recovery
Business owners are burned out, worn out, and past ready to get out. More than 1 in 4 business owners who put their business on the market this spring did so because of burnout according to the first-quarter survey of business brokers and M&A advisors conducted by IBBA and M&A… Read More »Burnout & Unsolicited Offers: Why Business Owners SOLD in 2021 Q1 and Q2!
As outlined in Statistas report: The reasoning behind these numbers is straightforward: as the pandemic severely limited people’s options to spend money on services such as restaurant visits, travel or other leisure activities either restricted or advised against, they shifted their spending to physical goods, trying to adjust to life… Read More »U.S. Services Spending Climbs to Pre-Pandemic Level