Resources

Getting a liquor license can open significant opportunities for business owners. Although licensing can take some time and investment, the benefits of obtaining one comes with a substantial profit margin of 17% to 100%. A thriving alcohol business market is worth $6...

You may have heard reports that a recession is possible in 2023. However, top economists do not have the same gloomy outlook. The consensus at Goldman Sachs, JP Morgan, Morgan Stanley, and Wells Fargo is 2023 will see a soft landing. For example, Goldman Sachs is...

If you’re looking to buy a profitable business in Michigan, and don’t know where to start, you may be asking: What are the hot choices for the most return on investment (ROI)? What are their practical benefits? How do I find the right fit? Well, the good news is there...

As remote work is increasing, the idea of purchasing an existing online business may inevitably cross your mind. As in brick-and-mortar businesses, established online ventures have benefits over starting from scratch. Both can be lucrative, but starting from the...

If owning a restaurant has been a desire of yours, you may want to consider seeking out existing establishments to fulfil that dream. There are a number of reasons why taking the reins of a previously existing restaurant may be the best option with an easier path to...

If you are looking to start a new business, you may be pondering whether to start fresh, or look for a chance to take over an existing operation. There are a number of reasons why taking the reins of a previously existing business may be the best option. But what...

A business broker is a trained professional who helps people buy and sell businesses. Brokers are useful in the standard practices needed to sell a business, such as gathering the proper documents, estimating the value of a business, and connecting sellers to...

How long does it take to sell a business? The answer is, it depends. It may be exciting to start the process of selling a business. It also may be emotional or cause a great deal of anxiety − and for good reason. A lot of work goes into running a business, and a lot...

Value is more than numbers, as any business owner can tell you, and the process for determining the worth of that business is an act that is equal parts skill and art. Assessing the value of a business or business unit, known as a business valuation, is a tool used to...

If you are ready to sell your business and have started the process, you may be asking, "what next?" You may have taken these common actions: Assemble legal and financial help Hire a successful business broker Set a realistic asking price Create a digital presence...