The Benefits of Buying an Established Business
What are the benefits of buying an established business? Preexisting Customer Base Unlike starting from scratch, where building a clientele is time-consuming, buying an established business means stepping into a ready-made community of loyal customers. This existing customer foundation provides an immediate revenue stream and a solid starting point for growth. It saves significant time […]
7 Strategies for Managing Your Emotions During Your Business Sale
Set Goals and Have a Post-sale Plan Stepping out of a business that you worked hard to build and selling your business can be difficult. In a business owner survey, 58% of respondents named the economy, industry trends, regulations, and taxes as obstacles to making a successful exit plan, according to LinkedIn. However, planning a […]
Tax Guide for Businesses: Common Tax Deductions and Tax Filing Tips
Common Business Expenses and Tax Deductions Business expenses are costs associated with operating your business. It’s always a good idea to consult a professional tax preparer and accountant with specific questions about writing something off as a tax deduction. Here are some examples of common business tax deductions., according to NerdWallet. Advertising and Marketing The […]