The operation of a business can be a complex task, spanning a multitude of financial, operational, and legal issues. The operation of a successful business can be even more difficult. Every successful business goes through a cycle: from its startup, to its operation and growth, to its transfer or sale. Within each phase, there are many issues that have profound effects on the success of the business. Further, depending on whether the company is a sole proprietorship, a partnership, any…

Our dreams remind us that owning and operating a business can be rewarding, both emotionally and financially. However, the harsh reality is that most new businesses will fail within the first few years. To fight these odds, startup entities need fresh ideas, good marketing strategies, and must align themselves with top professionals. In starting a business, there are many considerations that must be made. For example, has a proper business plan been drafted for selling the business’ goods or services?…

Business valuations are frequently provided to assist in establishing an approximate worth of a business. One reason for a valuation is to prepare for an impending sale or disposition of a company. Both the buyer and the seller will want an estimate of the fair market value of a business in order to determine the price at which the business should be sold. Additional reasons for having a business valuation include: · Estate and inheritance taxes · Buy/Sell agreements ·…

In the pursuit of a successful business, there is a constant drive to accomplish more with less. Operations Analysis is crucial for success and is defined by striving to increase efficiency at varying levels of the business. Whether it is improving management skills, increasing productivity or tax efficiency, decreasing inventory buildup, or improving market share, all of these begin with an analysis of the business’ operations. In analyzing the operations of a business, it is important to consider the goals…