Working capital drives your business. When buyers acquire a company, they expect working capital to be included. As business owners get successful and comfortable, many get lax about working capital. They establish a habit of fast payment, slow collections, and maintaining excess (or even obsolete) inventory. Go into a sale… Read More »Fix Inefficiencies Prior to Sale
Biden promised new revenue to pay for historic spending increases in his second, very “soft” infrastructure package. He needs tax increases to pick up votes from Joe Manchin (D-W.Va.) in the Senate and a handful of House centrists, who are concerned about adding even more to the national debt.
AmTrust Financial Services, Inc., a global specialty property and casualty insurer, Wednesday released the AmTrust 2021 Contractor Risk Report, identifying common injuries and the resulting time off work for the specialized group. The report, based on 26,000 workers’ compensation claims over 10 years, found that companies in business less than four… Read More »Plumbers and Electricians Have the Most Claims
AmTrust Financial Services, Inc., a global specialty property and casualty insurer, yesterday released the AmTrust 2021 Contractor Risk Report, identifying common injuries and the resulting time off work for the specialized group. The report, based on 26,000 workers’ compensation claims over 10 years, found that companies in business less than… Read More »Time off from work due to injury
With a commanding majority and knocking the reigning reason – Retirement – for the past 30+ quarters out, unsolicited offers were the #1 reason Business Owners sold their company in Q2 2021. Business Owners need to be prepared as preparation leads to higher values!
The U.S. service sector, the biggest contributor to the country’s GDP by far, continued its recovery from the adverse effects of the COVID-19 pandemic in the second quarter of 2021. That’s according to advance estimates from the U.S. Census Bureau’s latest Quarterly Services Report, which indicates that services revenue increased by… Read More »Leisure and Hospitality Trails in Service Sector Recovery
Business owners are burned out, worn out, and past ready to get out. More than 1 in 4 business owners who put their business on the market this spring did so because of burnout according to the first-quarter survey of business brokers and M&A advisors conducted by IBBA and M&A… Read More »Burnout & Unsolicited Offers: Why Business Owners SOLD in 2021 Q1 and Q2!
As outlined in Statistas report: The reasoning behind these numbers is straightforward: as the pandemic severely limited people’s options to spend money on services such as restaurant visits, travel or other leisure activities either restricted or advised against, they shifted their spending to physical goods, trying to adjust to life… Read More »U.S. Services Spending Climbs to Pre-Pandemic Level
The National Association of Business Economics (NABE) recently surveyed its members, which include corporate economists, financial planners, cost analysts and business leaders. As of August, 52% of respondents said monetary policy is “too stimulative,” double the 26% that said so when the survey was last conducted in March. Meanwhile, 47%… Read More »Time to Ease Monetary Policy
“None of us can know what we are capable of until we are tested.” – Elizabeth Blackwell, first woman to graduate from medical school in the U.S. Elizabeth Blackwell (February 3, 1821 – May 31, 1910) was a British physician, notable as the first woman to receive a medical degree… Read More »Monday Mojo Elizabeth Blackwell