BEACON Blog

Mistaken Valuation Can Set a Business Back

Mistaken Valuation Can Set a Business Back

Knowing what their business is worth is becoming top-of-mind for business owners, but they make seven basic mistakes in their attempt to protect the business and the wealth it generates. This article from In Business  Magazine presents seven ways business owners...
The Proven Way to Build Value in Your Business

The Proven Way to Build Value in Your Business

 Do you know the value of your business? Would it be attractive to potential buyers? The reality is that most business owners have no idea what their companies are worth. In fact, a recent survey conducted by the International Business Brokers Association (IBBA) found...
6 Business-Selling Stats You Should Care About

6 Business-Selling Stats You Should Care About

As we begin 2019, we’re pleased to note that the economy is still strong, the markets are steady and businesses are selling. Here are a few business-selling pieces of news from a recent survey of members of the International Business Brokers Association (IBBA), with...
5 Ways to Get Your Business to Run Without You

5 Ways to Get Your Business to Run Without You

Some owners focus on growing their profits, while others are obsessed with sales goals. Have you ever considered making it your primary goal to set up your business so that it can thrive and grow without you? A business not dependent on its owner is the ultimate asset...
6 Good Reasons NOT to Diversify

6 Good Reasons NOT to Diversify

Diversification is a sound financial planning strategy, but does it work for company building? How does Vitamix get away with charging $700 for a blender when reputable companies like Cuisinart and Breville make blenders for less than half the price? It’s because...
How Much Goodwill Do You Have in Your Business?

How Much Goodwill Do You Have in Your Business?

The term “goodwill” is often thrown around in conversation as though it is a subjective description of how much your customers like your business. In fact, when it comes to valuing your business, there is nothing subjective about the definition of goodwill. It is...
4 Traps to Avoid When Selling Your Business

4 Traps to Avoid When Selling Your Business

Business owners have been known to refer to due diligence as “the entrepreneur’s proctology exam.” It’s a crude analogy but a good representation of what it feels like when a stranger pokes, prods, and looks inside every inch of your business....

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