Benetrends Blog

 

Common Challenges to Buying an Existing Business

Are you looking to buy an existing business? You should be on the lookout for common challenges to buying an existing business and how to overcome them.

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| Author Benetrends, tagged in small business loans, buying an existing business
 

Pros and Cons of Buying an Existing Business

When William Carter and his wife, Katherine, considered buying a business, they were drawn to The Canyon Villa, a boutique bed and breakfast in California’s Paso Robles wine region. As a chef and hospitality executive, Carter knew he had to do his homework before committing to buy the business. 

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| Author Benetrends, tagged in business funding, buying an existing business
 

What to Evaluate Before Buying an Existing Business

Due diligence. It is the same whether you are buying a home, a car, or your own business. When evaluating an existing business for a potential purchase, completing your due diligence is absolutely critical.

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| Author Benetrends, tagged in small business funding options
 

The Impact of Peer Councils on the Business Owner

Every business owner, whether they're a franchisee or a small business owner, have similar struggles with the operations of their company.  How do I attract and retain the best employees? Who can I use to manage my payroll? Where do I find the best resources for my business?  For these questions and more, business owners turn to peer councils. 

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| Author Molly Klein, tagged in business owner, peer council
 

Buying an Existing Business: 12 Factors to Consider

Launching into business ownership is not a one-size-fits-all experience. There are many different paths to owning your own business. Some choose to secure a franchise in an established brand, with built-in name recognition, marketing, and loyalty. Others opt to build a business from scratch, taking an idea and turning it into a product or service that meets customer needs and wants.

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| Author Benetrends, tagged in small business financing
 

Best Places to Start a New Business in 2018

In study done by RewardExpert, a company focused on providing tools, reviews and research for its users, they examine the best and worst places to start a new business. The report gathers data from 177 metropolitan areas and uses 30 indicators to rank the locations. The study determines what places provide the best possibility of success and what areas bring the most challenges and obstacles. There are various factors impacting the rankings of cities. Some of these include housing costs, taxes and business incentives, demographics, and income and assets.

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| Author Chris Vazquez, tagged in business startup
 

Exploring the State of Small Business Credit

The most recent analysis by the Federal Reserve of small business credit markets shows signs of slowing revenue and credit gaps, especially among firms with annual revenue of $1 million or less. With the credit market tight, especially among larger lenders, businesses are looking at other options to fuel start-up and expansion work.

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| Author Molly Klein, tagged in small business loans
 

National Small Business Week: Honoring and Educating Entrepreneurs

 

This week is National Small Business Week. The initiative is organized by the Small Business Administration (SBA), a government agency that focuses on providing support to current and aspiring business owners. Since 1963, the President of the United States has proclaimed the week as a celebration to honor the millions of entrepreneurs in the United States.

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| Author Chris Vazquez, tagged in sba business
 

7 Ways to Manage Your Business Cash Flow Wisely

For new businesses, cash flow is an important element of money management. Having adequate funds on hand to cover financial obligations, especially when revenue is uncertain or inconsistent, is a key part of managing a small business.

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| Author Benetrends, tagged in small business funding options
 

Benetrends Client Spotlight:  Reindeer Shuttle

You know them by name:  Dasher, Dancer, Prancer, Vixen, Comet, Cupid, Donner, Blitzen and Rudolph.  One day a year, Santa’s reindeer take flight around the world.  But during their off season, they have a different type of traveling gig – shuttling passengers from Purdue University (located in West Lafayette, Indiana) to Chicago’s O’Hare International Airport.

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| Author Chris Vazquez, tagged in Small business ideas, Client Sucesses
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