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An attorney sits at a desk with a computer.

Find an Attorney for Your Acquisition

If you're thinking of buying another business, you'll need to find an attorney who can draft agreements, review contracts, and …

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A person in front of a work van chose to buy a business that's enduringly profitable

Smart Play: Buy a Low-Risk, High-Margin Business in a Growing Industry

If want to buy a business, then you’ve probably thought about operating one that’s novel, trendy, or exciting—one that’ll impress …

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A person at a desk smiles as he works through the steps he needs to take to set up an entity to buy a business.

Pro Tip: Set Up an Entity Before Buying a Business

When most people set out to “buy a business,” what they’re really doing is buying a company’s assets. Many are …

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An image of a computer screen in which a person is closing their business email and social media accounts

How to Close Your Business Email and Social Media Accounts

When you close your business, you'll need to close the email and social media accounts that are associated with it, …

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A rubber stamp with the work cancelled that can be used as you cancel services and subscriptions for your small business

Checklist: What You Need to Cancel When Closing Your Small Business

Depending on your business, you may have licenses, permits, subscriptions, and services to cancel when closing. This checklist will help …

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A pen, spreadsheet, and a calculator lay on a desk, ready to be put to use for recasting.

Recasting: Demonstrate to the Financial Earning Power of Your Business

Today, we're taking on an important topic: recasting, and how it might help you sell your business. Let's dive in. …

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Two professionals talk about how to transfer retirement accounts to a new entity.

Help Your Employees Transfer Their Retirement Accounts to a New Entity

Two of the moves you’ll need to take when closing your business are terminating the retirement plans you offer and …

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A person types recommendation letters for her employees

How to Write Meaningful Recommendation Letters for Your Employees

Want a way to help your employees while you're closing your business? One of the best gestures you can make …

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A wall with many doors represents the options business owners have as they choose a business structure

Small Business Basics: Choose a Business Structure

As you work through the steps of starting your business, you’ll need to choose a business structure. The choice you …

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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 pile of thumbs-up characters represent the "likes" that can be attained on social media platforms by a small business that masters those channels

Social Media 101: Getting Started

Whether you’re a local shop or an e-commerce store, establishing your business’s social media presence is vital. Now, it’s more …

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A manager prepares to respond to web reviews

Devote Time to Read and Respond to Reviews of Your Business

Businesses live and die by the reviews they receive. More than ever before, people are talking about their experiences online, …

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A person uses a computer to read how to evaluate a business listing.

Assessing the Listing: What Buyers Should Look for in Every Business Posting

Almost every business listing on business brokerage sites follows a specific format. It can be great to have this consistency—and …

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A person uses a computer to create financial projections for his new restaurant concept.

How to Create Financial Projections for a New Restaurant

This article on creating financial projections for a new restaurant is a guest post, brought to you by the team …

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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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Calculators aren't necessary with the top-tier payroll systems.

Solution Finder: Payroll Systems

As an employer, you'll need to comply with federal and state laws regarding payroll. These laws include keeping up with …

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An old timekeeping system that is no match for today's shift scheduling systems

Solution Finder: Shift Scheduling Systems

If you manage an hourly workforce, you know the headaches of configuring schedules—and reconfiguring them as changes occur. Fortunately, app …

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A business owner sitting at a desk looks into the distance thinking about the right ways to wind down work

The Right Ways to Wind Down Work

Before telling your customers about your decision to close, think about how you’ll fulfill your outstanding orders, whether you’ll accept …

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A person sitting on a couch reviews her business contracts before she will close her business

Navigating Business Contracts As You Close Your Business

It's easy to overlook one part of the closure process. That's navigating the business contracts and obligations you've agreed to …

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A person leaving a building talks on a phone with a vendor to announce his business is closing

Tell Your Vendors, Contractors, and Others Your Business Is Closing

Midway through the closing process, you’ll need to notify your vendors, suppliers, contractors, and freelancers that your business is closing. …

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A manager with his back to the screen asks a group of employees sitting in front of him to vote on the dissolution of a business

Do You Need to Vote on Dissolution?

Most owners need to follow a specific set of procedures to formally close their businesses. And, sometimes, these procedures include …

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Piles of 100 dollar bills represent the asset distribution that must take place when closing a business

Dividing What’s Left: How to Handle Asset Distribution When Closing Your Business

After selling your remaining assets, collecting your outstanding receivables, repaying creditors, and paying your final federal, state, and local taxes, …

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A person signs a check to increase his pay from his business.

It May Be Time to Increase Your Pay

As your business grows, you may be thinking of cashing in a portion of its income. But before you increase …

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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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Two owners, talking to others, are finding buyers for their business.

Finding Buyers: Who’s Looking for a Business Like Yours?

Every day, groups of people search for businesses to buy. Many do this to achieve their goals of entrepreneurship, expand …

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A person interviews a vendor using the questions provided here for her supply chain needs

How to Interview Vendors and Suppliers for Your Business

If the success of your business depends on inventory, parts, inputs, or other entities’ products, you'll vendors and suppliers who …

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A couple seated in a restaurant hold a loyalty card

Solution Finder: Restaurant Loyalty Programs

You can wow your guests with a great meal, great setting, and a great experience, but getting them to come …

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A restaurant manager uses shift scheduling systems on her computer to ensure coverage.

Solution Finder: Restaurant Shift Scheduling Systems

One of the biggest headaches of running a restaurant is employee scheduling—and reconfiguring shifts as changes occur. Fortunately, app and …

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Mail forwarding can help you ensure you receive the mail you need for taxes and recordkeeping

Set Up Mail Forwarding to Receive Business Documents

Even after closing your doors, your business will continue to receive mail that’s necessary for future tax filings and the …

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A photographer prepares to take product photos

Strategies That Can Help You Take Better Product Photos

It’s nearly impossible to sell products online without crisp, clear, compelling images. Fortunately, taking product photos is relatively simple. In …

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A blue reservation key is shown on a computer keyboard for a restaurant reservation system

Solution Finder: Restaurant Reservation Systems

Sometimes called “table management systems,” restaurant reservation systems offer a lot of benefits. For guests, they make scheduling a meal …

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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 person stands ready to review his small business income tax requirements

Understanding Small Business Income Tax

Is your business required to pay small business income tax? The answer is that it depends on your business structure. …

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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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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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Two professions form a partnership to start a business.

Tips for Forming a Partnership to Start a Business

It can be expensive to start a new business. Partnering with another person can be a great way to cover …

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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 with an asset-backed loan.

Small Business Financing 101: Asset-Backed Loan

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

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A person sitting in a creative office smiles while thinking about how to raise capital

Your Go-to Guide to Raising Capital for a Startup

Real estate, equipment, inventory, technologies, wages, and insurance are some of the many costs you’ll need to cover when starting …

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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 woman with hand-drawn wings represents an angel investor

Small Business Financing 101: Angel Investors

Angel investors are individuals or networks of people who want to find and invest in new, small, or growing businesses …

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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 a permit or license to run your small business? You might, depending on your line of work, …

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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 small business bank account is important, but you should also get a business credit card to track your …

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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 where they'll conduct “business activities.” These activities might include …

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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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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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A person uses her phone for online ordering at a restaurant

Solution Finder: Online Ordering for Restaurants

A great way to grow your restaurant's sales is to offer online ordering. You can certainly set up your own …

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A person sits at a diner table and starts to design a website for her restaurant

How to Design a Website for Your Restaurant

Your customers will want to know who you are—and what you serve—before they'll be willing to give your restaurant a …

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A representative provides great customer service.

Improve Your Customer Service Processes

Great customer service is one of the best, most important ways to differentiate your business, and fortunately, there are lots …

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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 keyboard with a mail button to help owners build an email list

How to Build an Email List for Your Business

One of the best ways to grow your business is to get in front of your target audience regularly with …

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A small business owner experiments with marketing channels.

Marketing Channels That Can Help Your Business Grow

Many small business owners succeed when they experiment with marketing channels to spread awareness of their brand. You can, too. …

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A person holding a calculator is evaluating the price of a business he is considering.

How to Evaluate the Price of a Business

Looking for a business to buy? Once you find one and pour through its documents, financials, and records, you'll need …

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A person uses a 3D printer and creates a product prototype before starting large-scale production.

How to Create a Product Prototype

Producing a product? It’s a great idea to start with a prototype. This will help you experience it and understand …

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Two people bump fists as they work through a seller financing arrangement

Why Seller Financing Can Be a Great Source of Capital for an Acquisition

Seller financing is often a great option for covering the costs of a business that's for sale. Sometimes called a …

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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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A person sits on the ground outside with a computer in her lap, working as an absentee franchise owner

Can I Be a Franchise Owner Without Working Onsite?

Most franchises ask owners to work a minimum number of hours onsite each week. Many want their owners to commit …

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Two people exchange a credit card while using a POS system at a small business

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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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. Here's why. It can help you take on …

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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 plan to buy into a franchise, you may be wondering about the SBA loan program you can use …

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A small business owner sits at a desk working on writing an employee handbook

Why You Need an Employee Handbook for Your Small Business

Your small business employee handbook outlines the rules and expectations you, the employer, have for your team members. Your handbook …

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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 working capital they need to go after new opportunities or …

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A red apple lays in a pile of green apples to signify how important it is to set your business apart

Brand Differentiation 101: How to Set Your Business Apart

It can be tough for customers to distinguish between your brand and another, especially when the price points, products, and …

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Risk scares a group of business buyers.

Too Much Risk: The Parts of Your Business That Will Scare Off Potential Buyers

Many prospective business buyers are risk-averse. They’re quick to spot the threats, red flags, and uncertainties that could impact a …

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A seller and a business buyer work through a seller financing arrangement.

Smart Play: Seller Financing

Lots of sellers exiting a business are doing so in a smart way. They're selling their business to qualified buyers, …

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A person looks at a computer and talks on the phone to secure offers from qualified buyers

Six Must-Haves to Secure Offers from Business Buyers

More investors than ever before are eager to buy reputable, high-performing businesses with proven records of success. But what’s attracting …

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A person wearing an apron leans over a counter while looking at a phone and reads up on how to get his business ready to sell

Avoid These Mistakes When Selling Your Small Business

Wondering how to get your business ready to sell? It's our go-to move to recommend this free checklist. But before …

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A business owner tries to negotiate to sell his business to an interested buyer

Maximize Your Sales Price: The Practices and Negotiation Strategies You Need to Master When Selling Your Business

Virtually every small business seller has the same goal: to sell their business quickly to a competent, capable buyer and …

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A prospective buyer sits facing a seller, attempting to negotiate to buy a business

How to Negotiate to Buy a Business

Once you’ve found a business that meets your criteria and you’ve vetted it with your accountant and attorney, you'll start …

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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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A manager practices strategies to motivate his employees

Motivate Your Employees with These Simple Practices

You’ve likely heard the statistics on employee engagement in the workplace. Or, you may have had your own struggles rallying …

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A person sitting at a desk plans to change his business structure

Consider Changing Your Business Structure

When you formed your business, you may have pictured what your business could become and chose a business structure that …

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A person sitting at a table listens patiently on the phone while attempting to collect business receivables.

Manage Your Business: How to Collect Your Business Receivables

Looking for better strategies to take on your small business debt collection needs and collect overdue business receivables? In this …

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A business owner standing in front of her business thinks about selling it on her own, without relying on a broker.

When You Can Sell Your Business Without a Broker—and When You Really Shouldn’t

Selling your business alone is no easy feat, but with the right amount of research and an eager commitment to …

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An HR manager conducts exit interviews with employees

Exit Interviews Matter

When one of your employees leaves by choice or force, it’s important to conduct an exit interview to examine why …

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A variety of utensils and equipment are shown in a restaurant kitchen

Your Go-to Guide to Equip Your Restaurant Kitchen

When you're starting a restaurant, you'll need to set up your kitchen with tools and equipment so your team can …

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A business buyer connects with two business owners to buy a business that's not for sale

Buy a Business That Is Not for Sale

If you're an aspiring entrepreneur who wants to buy a business instead of starting one from scratch, you likely know …

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Find a manufacturer with a facility large enough to grow and scale to meet your needs.

How to Find a Manufacturer for Your Products

If you decide to outsource production, you’ll need to find a manufacturer that can meet your timelines, standards for quality, …

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A store owner turns an open sign for her grand reopening celebration.

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

Closing on your new business is a major achievement. Celebrate it by planning a grand reopening event that reintroduces your …

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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, it's important to spend time assessing …

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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 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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A person holds and reviews a commercial lease for a business property

Your Go-to Guide to Commercial Leases

If you choose to rent a storefront or commercial property for your business, you may need to sign and abide …

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Two people bump fists as they work through a seller financing arrangement

Why Seller Financing Can Be a Great Source of Capital

Seller financing is often a great option for buying a business. Let's dive into what it is and why it …

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Vans are part of a small business's fleet finder program.

Solution Finder: Fleet Management Systems

It isn’t easy to oversee a fleet of vehicles—or the drivers who operate them. Your carefully planned schedules can change …

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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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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 know how to create a business strategy—and actually put …

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A person sits happily looking at a computer after watching his business credit score improve.

Build Your Business Credit Score with These Simple Steps

Lenders, creditors, suppliers, and insurance companies may be looking at your business credit score. Why? Often, it's to check on …

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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 Small Business

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

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A person holds a magnifying glass to review the terms of their vendor contract without a checklist

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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Solution Finder: Internet Security

Every day, businesses—big and small—are hit by viruses, hacking attempts, and phishing attempts. The costs to undo the damages they …

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A business is preapproved for financing

Pro Tip: Have Your Business Preapproved for Financing Before Marketing Your Sale

It can be a tedious process to sell your business. One way to speed it up is to get your …

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A startup lawyer meets with a small business owner.

Every Small Business Needs an Attorney. Here's Why.

An startup lawyer can be an invaluable member of your team, especially as you work through the complex parts of …

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A business person wears a green leaf in his lapel to support an initiative.

Why You Should Consider Aligning Your Business with Initiatives

More than ever before, customers are putting their dollars behind business entities that engage in fair, ethical practices, take stands …

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Two people sit at a desk discussing buy-sell agreements

A Primer on Buy-Sell Agreements and Buy-Sell Insurance

Are you a co-owner or a partner in a small business? If so, you might consider buy-sell agreements or a …

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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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A business owner sits at a desk with a computer, thinking about strategies to reduce estate taxes.

Strategies Every Business Owner Should Consider to Reduce Estate Taxes

As your business grows, it's likely you'll start thinking to the future—to the sale of your business and to the …

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