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A person holding a pen works on writing a business plan for her new restaurant

Write a Business Plan for Your New Restaurant

When you apply for financing for your new restaurant, your lender may ask you to submit a business plan along …

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A pen lays atop a financial document used for evaluating the asking price of a business.

Evaluate the Asking Price of a Business

Two of the most difficult parts of buying a business are learning to evaluate the asking price and proposing a …

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A person uses a laptop computer to write a business plan for running a franchise.

How to Write a Business Plan for Your Franchise

When you apply for an SBA loan, a term loan, or another form of financing, you may need to present …

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A person seated at a table is confident as she works to negotiate an acquisition.

Negotiate the Terms of an Acquisition

Once you’ve found a business that meets your criteria and you’ve vetted it with your accountant and attorney, your focus can …

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Charts are ready to be assembled into a business plan.

Create a Business Plan That’ll Help You Attain Financing for Growth

When you apply for an SBA loan, a term loan, or seller financing for a business you plan to buy, …

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A professional sitting at a computer prepares to write a business plan.

Write a Business Plan to Finance Your Startup

When you apply for financing for your new business, your lender may ask you to submit a business plan along …

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Two businesspeople look at charts they might compile in their business plan to buy a business.

Develop a Business Plan That’ll Help You Attain Financing

When you apply for an SBA loan, a term loan, or seller financing to buy a business you’ll need to …

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Hundred dollar bills stand on a table, representing the money that could be attained through small business grants

Small Business Financing 101: Small Business Grants

Too many people tell small business owners that they can't attain grants. But the truth is that there are quite …

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Host a grand opening event to celebrate your first day of operations.

Grand Opening: How to Create the Hype You Need to Make Your First Day a Success

Lots of work goes into starting a small business, and your first day is a major achievement for you as …

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Be sure to share your contact information with the people you want to stay connected with.

Share Your New Contact Information with Your Employees and Network

Before parting ways with your employees, contractors, suppliers, and others you work with on a regular basis, take time to …

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A person is thinking, "How do I get my business to stand out?"

What Do You Want Your Business to Be Known For?

How can I help my business stand out? New and seasoned business owners alike struggle with this question. To find …

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Job candidates work through the employment screening process

Before the Handshake: How to Vet Your Job Candidates

It isn’t easy to find great job candidates. It’s harder still to know whether the people you’ve shortlisted will have …

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A person sitting at a table is reading about how to improve her business social media profile

Strategies to Improve Your Business Social Media Profile

Having a social media presence for your business is essential these days. But with approximately 3.5 billion internet users worldwide, …

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Two professionals interested in a franchise choose to partner.

Reasons You Might Need a Franchise Partner

Is a franchise partner right for you? There are a number of reasons you might say yes. Let's dive into …

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People attend a discovery day event

What is Discovery Day and How Should I Prepare?

Discovery day is an event franchisors hold to showcase the business to prospective franchise unit owners. This event provides the …

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Blank price tags to illustrate how you might set the right prices for your products or services.

How to Set the Right Prices for Your Products and Services

The formula to set prices is easy. First, sum up your costs per unit. Then, add a reasonable profit margin. …

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Owner Actions Connect: Human Resource Managers

Looking for a human resource manager who can take on your business's people-related tasks? Consider these options: Owner Actions is …

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A person touches a tablet screen with one hand and holds a credit card in the other, determining which business expenses charged to the card are deductible for tax purposes

Which Business Expenses Are Deductible?

One of the easiest ways to save your business money is to reduce your income tax bill. Doing this means …

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A manager with her back to the screen prepares to tell a roomful of her employees her business is closing

How to Tell Your Employees Your Business Is Closing

Early in the closing process, you should tell your employees your plans to close and dissolve your business. Federal and …

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A business professional climbs an line-drawn staircase to emphasize how small business loans can help people climb to higher tiers of success.

How to Use Loans and Lines of Credit to Help Your Business Grow

After covering startup costs, many owners struggle to find the capital they need to go after new opportunities or invest …

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A person sits on a couch and reads a franchise disclosure document

Your Guide to Reading a Franchise Disclosure Document

When you're evaluating a franchise for purchase, one of the documents the franchisor will share with you is the franchise …

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Two people who sit together are reading a document to determine whether they need a small business tax attorney

When Do I Need a Tax Attorney?

Is your business facing tax challenges? Are you working through an audit? Are you up against some complexities in determining …

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A small business accountant holds a calculator

Thinking of Hiring an Accountant? Start Here.

Every business has accounting needs. There are financial standards, valuations, and tax concerns to keep up with and work through. …

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A person stands ready to review his small business income tax requirements

Understanding Small Business Income Tax

When you chose a legal structure for your business, your selected impacted the taxes you’ll pay for your business’s activities. …

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A lender holds a stamp of approval for a small business term loan.

Small Business Financing 101: Term Loans

Loans are one of the most common sources of capital for small business startups. For your venture, you might consider …

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A retail storefront that may require an owner to set aside money for business construction or renovation costs

Cover Your Small Business Construction or Renovation Costs

It can be expensive to start a small business, especially one that requires a high-traffic physical location. Many business owners …

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An interviewer shakes hands with an applicant while working to hire for a small business

How to Hire the People Who Will Make Your Small Business a Success

Will your idea succeed? The answer can depend on the people you bring on board. That's why it's vitally important …

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A empty storefront that could be acquired by owners who choose to lease or buy the site

Lease or Buy a Site: How to Make the Right Call for Your Small Business

Location is a factor you can’t afford to get wrong. As a new owner, you must spend time assessing your …

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An entrepreneur applies for an SBA loan for her startup venture.

Small Business Financing 101: SBA Loans

SBA loans are one of the most commonly used ways to cover early-phase costs. Named after the Small Business Administration …

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Multiple excavators in a row are an example of the assets a business can borrow against.

Small Business Financing 101: Asset-Backed Financing

There are many ways to finance a business. One that few business owners consider is asset-backed financing, an option that …

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A legal balance for startup attorneys

Every Startup Needs an Attorney. Here's Why.

An attorney can be an invaluable member of your team, especially as you work through the startup stage of your …

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A row of retail storefronts, any one of which can be attained with a commercial real estate loan

Small Business Financing 101: How Commercial Real Estate Loans Can Help You with Your #LocationGoals

Disclaimer: This article was written to help you evaluate your commercial real estate loan options. It should not be construed …

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A person sits at a computer and tries to set up a tax ID

Small Business Basics: How to Attain a Tax ID Number for Your Small Business

If you're starting a small business, you may need to set up a tax ID number, also known as an …

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A person holds and reviews a document on commercial leases

Your Go-to Guide to Commercial Leases

If you choose to rent a storefront or commercial property, you may be required to sign and abide by a …

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A person types on a calculator and holds 100 dollar bills, determining how to save on equipment costs

Small Business Financing 101: How to Save on the Equipment You Need to Start or Grow Your Small Business

When you’re starting or growing your business, you need to navigate every expense carefully to stretch your dollars. And, for …

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A woman with hand-drawn wings represents an angel investor

Small Business Financing 101: Angel Investors

Angel investors are individuals or networks of people who invest in new, small, or growing businesses to provide them with …

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A person sits at a desk reading a computer to determine if portfolio loans are a wise choice for a business

Small Business Financing 101: Portfolio Loans

Portfolio loans are one of many options you can pursue to raise cash for your small business. Sometimes called a …

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A person uses a calculator to determine whether a commercial bridge loan would benefit a business

Should a Commercial Bridge Loan Be Part of Your Financing Strategy?

When it comes to real estate purchases or improvements, many business owners find that they need fast access to capital. …

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A person holds a credit card she obtained for business expenses.

Small Business Basics: Sign Up For a Business Credit Card

Obtaining a business bank account is important, but you should also consider signing up for a business credit card to …

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A person looks thoughtfully at a series of question marks while thinking of a name for a business

Strategies for Naming Your Business

Your business name is important: It may be the first impression your customers have of your business. The right name …

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A person shakes hands with a registered agent

Why You Might Need a Registered Agent

Most businesses are required to register in the states or territories in which they plan to conduct “business activities.” These …

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A person sitting at a desk with a computer, notepad, and calculator works through some key business ratios.

The Ratios You Need to Measure Your Business’s Success

How do you know when your business is succeeding? You might look at the number of sales you make. Or, …

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The costs of a franchise unit can be covered with an SBA loan.

Finance Your New Franchise with an SBA Loan

If you are considering the purchase of a franchise, you may be wondering about SBA loans, one of the most …

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Two people use a calculator to determine how much a franchise will cost

Investing in a Franchise: What It’ll Cost and What You Can Afford

When you're buying a franchise unit, cost may be one of your biggest deciding factors. But what you may not …

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A person at a computer thinks about using her retirement account to fund her new franchise unit.

How to Use Your Retirement Account to Fund Your New Franchise

There are many ways to attain the funding you need to purchase a franchise unit. But if the idea of …

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A person sits in a office and reviews a series of franchise agreements

A Crash Course on Franchise Agreements

After reading the franchise disclosure document (FDD) and taking part in discovery day, you may be given a franchise agreement. …

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A prospective franchise unit owner considers asset-backed financing.

Asset-Backed Financing for Franchise Owners

There are many ways to finance the purchase of a franchise unit. One that few aspiring business owners consider for …

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Two prospective franchise unit owners read a franchisor financing terms document with another professional

Considering Franchisor Financing? Here’s What You Should Know.

Does the franchise you're considering offer franchisor financing? These programs are a popular way to cover the startup costs of …

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Two people sitting at a table read through some franchise requirements.

Studying Your Target Franchise’s Requirements

Every franchise has a set of requirements prospective owners must meet to begin the ownership process. In this article, you'll …

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A franchise broker sits at a desk in front of a computer

Who’s on Your Team: Navigating Franchise Brokers, Coaches, and Consultants

When searching for a franchise, you may come across a franchise broker, coach, or consultant who offers to help you …

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Two business partners working in an office look at franchise resale opportunities on a computer

Smart Play: Franchise Resale Opportunities

Sometimes, it's better to buy an existing franchise unit than start a new one. The benefits of these “franchise resale” …

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A person with a computer works through the due diligence process to buy a franchise

Considering a Franchise? Here's How to Make a Smart Call.

Thinking of owning a business? Franchises make it easy. Still, these opportunities shouldn't be pursued without some careful consideration. You'll …

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A person works through the steps to start advertising on social media.

Get Started with Advertising on Social Media Platforms

If you want to boost your business, advertising on social media is a must. Unlike the old-school approaches of newspaper …

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A picture containing text, computer, computer, personDescription automatically generated

Social Media Campaigns: How to Track Your Success

Using social media for your business is vital, but it’s not enough to simply post content. You need to track …

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Two professionals sitting in front of a computer try to update their business's logo.

It May Be Time to Update Your Business’s Logo

Over time, some logos grow stale. This is especially true for logos that lean heavily into a design element that’s …

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A man sitting at a computer thinks about using his retirement savings for his business acquisition.

How to Use Your Retirement Savings to Fund Your Business Acquisition

You have many options for attaining the funding you need to finance a business acquisition. But if the idea of …

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A person is try to write a great posting on a computer

Why You Should Spend Time Writing a Great Job Posting

When you post a job, you’re presenting your business to a wide pool of candidates for the very first time. …

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Two people exchange a credit card while using point-of-sale systems

Solution Finder: Online Point-of-Sale Systems

Virtually every business needs a system to collect payment and track sales. New point-of-sale (POS) systems are robust tools and …

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Three people waiting in line for an interview scheduled through an applicant tracking system.

Solution Finder: Applicant Tracking Systems (ATS)

If you employ others—and plan to make more hires as you grow and scale your business—consider applicant tracking systems (ATS) …

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Employee scheduling can be a much simpler process with new digital tools.

Schedule Smarter: How to Staff Your Business to Save Costs and Minimize Stress

Employee scheduling can be a manager’s nightmare, but it’s a must-do task for accomplishing workflows, meeting customer demands, and accommodating …

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A person types on a computer keyboard to search for franchise opportunities

How to Find Franchise Opportunities That Suit Your Skills, Interests, Goals, and Budget

Many sites list franchise opportunities, making it easy for prospective owners like you to find and compare options. But, sometimes, …

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A woman is struggling to juggle tasks because she needs to delegate her work.

Learn to Delegate Business-Critical Tasks

Many small business owners find it hard to delegate tasks, not only because their business is a product of their …

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An accountant is sitting at a desk, prepared to help with an acquisition

The Right Accountant for Your Acquisition

A knowledgeable business accountant is a must for any small business acquisition—and for all the work that follows. Here's why: …

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A person holding a tablet reads about competitive analysis

Conduct Your Own Competitive Analysis in Ten Simple Steps

Competitive analysis can help you identify your competitors, find out what and how they’re selling to their customer base, and …

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A person sitting at a desk reflects on the pros and cons of buying a business

The Pros and Cons of Buying an Established Business

Before you decide whether buying a business is the right path for you, take some time to learn about the …

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Two prospective buyers negotiate a lease to buy arrangement with a seller

Lease-to-Buy: Could It Work for Your Acquisition?

There are lots of ways to finance a business acquisition. Few prospective business owners consider lease-to-buy, an option that can …

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Two professionals attempt to renegotiate a purchase.

How to Renegotiate a Purchase with the Seller

Due diligence is one of the most important tasks you’ll take on when buying a business. Through the process, you’ll …

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A person talks on the phone to find businesses for sale

How to Find Businesses That Are for Sale

After you look into the benefits and risks of acquiring a small business and decide which kinds of operations suit …

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A person holds a credit card she obtained for business expenses.

Small Business Basics: Attaining a Business Credit Card

Obtaining a business bank account is important, but you should also consider signing up for a business credit card to …

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Without a debt consolidation plan, credit cards and loans can overwhelm your business

What You Need to Know About Debt Consolidation Loans for Your Business

Business debts can build up. With high costs of startup, ballooning operating inputs, economic fallouts, and other expenses, it can …

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Three people work together to form a business strategy

Your Go-to Guide to Creating a Business Strategy

No matter where you are in your ownership journey, you must create a business strategy. Your strategy should do more …

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An owner of a small business sits at a desk reviewing a terms and conditions document

Setting Up Terms and Conditions That Will Protect Your Business

Does your business need terms and conditions for product use, services, your websites, or other parts of your operations? Often, …

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A person holds a magnifying glass to review the terms of their vendor contracts

How to Review Vendor and Supplier Contracts

Your business may depend on numerous vendors, suppliers, and distributors who have unique policies, procedures, and practices. Before signing agreements …

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A team of people look at a computer monitor that lists the security threats facing their business.

Safeguard Your Business from Modern Security Threats

Security threats to businesses have evolved. Five years ago, network security was mostly a function to keep hardware assets operating …

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A person sitting a desk with a pen and portfolio considers whether to transfer the ownership of a business to a trust

Transfer the Ownership of Your Business to a Trust

As a business owner, you know how important it is to have a plan in place for your business. You …

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An approved stamp is used on a patent or trademark application

What You Need to Know to File Your Business’s Patent and Trademark Documents

If you’ve developed a unique product or a design, you should take steps to protect it. Filing for a patent …

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A person completes paperwork to open a small business bank account

Small Business Basics: Attaining a Business Bank Account

Every small business needs a bank account. It's key for spending money on your business or accepting money from customers. …

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A person sitting at a desk looks through documents as he considers buying a distressed business.

Is a Distressed Business a Good Opportunity?

Distressed businesses exist in every industry. Some can be great opportunities, especially when they're purchased for a low price and …

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Venture capital professionals shake hands with a business owner

Small Business Financing 101: Venture Capital

When you’re looking into financing options for your small business, you may wonder whether venture capital should be part of …

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A person sitting at a desk talks on a phone, trying to find a second business to acquire

How to Find a Second Business to Acquire

If you own a business and are interested in growth, you may want to find a second business to acquire. …

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An accountant sits at a desk with a computer, reviewing financial documents.

Find an Accountant for Your Acquisition

A knowledgeable business accountant is a must for any small business acquisition—and for all the work that follows. Here's why: …

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A buyer attempting to renegotiate a deal shakes hands with a seller

How to Renegotiate with the Seller

Due diligence is one of the most important tasks you’ll take on when buying a business. Through the process, you’ll …

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A person selling a business reviews the sales agreement she'll sign to transfer ownership to a buyer.

Selling Your Business? You'll Need a Sales Agreement.

One of the final pieces of selling your business is signing off on the sales agreement. Once your buyer has …

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Planning is the best way to create great business tours for prospective buyers.

Business Tours for Prospective Buyers

One of the ways prospective buyers will size up your business is by touring your site. In this article, we’ll …

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A person hands a key to two business buyers who are ready to take ownership of a small business

Close the Deal: The 11 Things You Need to Take Ownership of a Small Business

A great deal of work goes into finding a small business to buy. Once you’ve found one, completed the due …

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A business broker smiles while talking on a phone

Smart Strategies for Finding a Business Broker

When you’re selling a business, you might choose to work with a business broker, a professional with experience in marketing …

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A person who plans to buy a business sits on a couch and reviews the sales agreement.

Buy a Business: The Sales Agreement

After you’ve found a business to buy, evaluated its viability, and negotiated its terms, your attorney will draft a sales …

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A person reads a document to review the terms of a sales agreement

The Terms of Your Sales Agreement to Buy a Business

After you’ve sourced a business, evaluated its viability, and negotiated its terms, your attorney will draft a sales agreement that …

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A person signs documents to make a business deal official

Close the Deal: 11 Things You Need to Take Ownership of a Small Business

A great deal of work goes into finding a business to buy. Once you’ve found one, completed the due diligence …

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A seller, a new owner, and a team of professionals work through the steps of completing a sale of a business

Your Go-to Guide to Completing the Sale of Your Business

Completing the sale of your business is a major milestone. In this article, we’ll explain the last step—the closing process …

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A person sitting in a modern office reviews the terms of an earnout for the sale of his business.

What an Earnout Means for the Sale of Your Business

When you put your business up for sale, you might receive offers that include terms for an earnout. An earnout …

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A dial with the label Web Traffic encourages website owners to use analytics to drive traffic.

Solution Finder: Website Analytics Programs

How is your website performing? We should all be asking this question on a regular basis, any time changes are …

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Business signs can draw attention to a business. Here, one hangs on the exterior of a building.

How to Design and Print Interior and Exterior Signs

Roadside signs, building-mounted signs, and interior signs can help you make a great first impression for your business. In this …

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Small business healthcare insurance forms lay on a desk ready to be completed.

Your Go-to Guide to Setting Up Healthcare Benefits

Is your small business looking into healthcare insurance? This could be a smart move. It's one of the most sought-after …

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A man is looking at his computer as he works through the retirement plan selection process.

Retirement Plan Selection: How to Find the Best Option for Your Business

Retirement plan selection is a task you can't afford to get wrong. Here's why. Retirement savings plans are one of …

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A person at a cash register studies her small business sales tax requirements

Understanding Small Business Sales Tax

The United States doesn’t levy a federal sales tax, but many of its states do. And within those states, various …

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A person completes forms to acquire the small business licenses that are needed to run a business

Small Business Basics: Permits and Licenses

Do you need permits or licenses to run your business? You might, depending on your line of work, location, and …

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A business person holds a mobile phone and completes a calendar to plan a business's social media calendar

How to Create a Social Media Content Calendar

The world of social media is constantly in flux with new platforms, new algorithms, and new trends. Staying on top …

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Owner Actions Connect: CFO

Looking for a outsourced CFO? Consider these options: Owner Actions is in no way affiliated with these providers, and we …

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A storefront that may be one element an owner should consider when developing a plan for financing a franchise

Your Go-to Guide to Financing the Purchase of a Franchise

Franchise fees, real estate, equipment, and inventory are some of the many costs you’ll need to cover when starting a …

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