If a company is on a downward trend, many business owners think they can bring their companies back from a valuation that doesn’t meet their expectations. But it takes energy that many business owners no longer have. Very few companies can make that leap back to new heights without a… Read More »Tip #35 Low Owner Energy, Low Company Performance
The cost of digital marketing is increasing, according to this article from Axios: Digital ad prices are soaring, forcing businesses to rethink their entire marketing strategies. Why it matters: At the same time digital ads are getting more expensive, they’re also getting harder to target, creating big barriers to entry for… Read More »Online Advertising Costs Are Way Up
Natural Gas Prices are spiking in Europe has been the topic of discussion these past few days. According to Axios: The stunning rise in European natural gas and power prices is walloping energy-hungry industries and consumers, Axios’ Ben Geman reports. There are many causes, but cold weather early this year,… Read More »Natural Gas Price in Europe
The most likely reason a business sale fails is NOT the purchase price or structure/terms. It is time … death by delays. As days turn into weeks and weeks turn into months, Sellers and Buyers experience frustration and fatigue. From vacationing attorneys to disorganized brokers to lien holders and licensing… Read More »What Kills All Deals – TIME!
Inflationary pressures are pushing Bitcoin up. As stated by Axios: Bitcoin crept above $50,000 today for the first time since Sept. 7 — when El Salvador became the first country to use the cryptocurrency as legal money. Driving the news: Bank of America initiated research coverage of cryptocurrency this week, saying… Read More »Bitcoin Bounces Back
Inflation is up and inflationary pressures are still on. As outlined in MarketWatch: The numbers: The cost of goods and services rose sharply again in August and left the rate of U.S. inflation at a 30-year high, with all signs pointing to price pressures snaking into next year. The personal… Read More »Inflation up in August
According to BEA (The U.S. Bureau of Economic Analysis): Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the second quarter of 2021, as real GDP for the nation increased at an annual rate of 6.7 percent, according to statistics released today by… Read More »2021 Q2 Real GDP Changes By State
According to Axios: Momentum is still building in the housing market. Pending home sales jumped 8.1% in August — far exceeding analyst expectations for around 1% growth. State of play: Pending sales, or signed contracts, had cooled during the prior two months, though remained above pre-pandemic levels. The latest figures, out… Read More »Home Sales Are Still Hot
Business Roundtable CEO Josh Bolten told reporters: All of our members are concerned … every one of them will get hit with a much higher tax bill, which makes it harder for them to raise wages or make investments Increasing taxes on America’s largest job creators by almost $1 trillion—nearly… Read More »CEOs Raise Concers With Higher Taxes
As you build a strong management team and work on transitioning yourself out of the business, be sure to enjoy vacations in the year or so prior to selling. Buyers look for businesses that can run—and run well—without your constant attention. Stop and think for a moment. If you took… Read More »Increase the Value of Your Company – Take a 3 Week Vacation!