-
Continue reading →: Minimum Efficient Scale for Small Business OwnersMinimum efficient scale is the smallest level of output where a business reaches its lowest long-run cost per unit. In plain English, it is the point where getting bigger stops making each job or product cheaper. That helps answer a question every owner faces: How big does this business need…
-
Continue reading →: Why Owners Use a Separate LLC for Business PropertySmall business owners often use a separate LLC for business property to keep the building apart from daily operations. One company runs the business. The other owns the real estate and rents it to the business. This can help manage risk and make it easier to sell the business while…
-
Continue reading →: Small Business Rollups and 10 Industries Buyers TargetSmall business rollups combine several companies in the same industry into one larger business. HVAC shops, accounting firms, IT providers, and insurance agencies can fit this strategy because customers need their services again and again. Buyers hope to improve profits, share costs, and sell the combined company at a higher…
-
Continue reading →: Google Business Profile vs. Google Customer ReviewsGoogle Business Profile reviews help people judge a local business on Search and Maps. Google Customer Reviews collects feedback from online buyers and helps build a store rating. The names sound alike, but the reviews serve different jobs. A real estate agent should usually start with an eligible Business Profile.…
-
Continue reading →: How to Trademark a Business NameTo register a business name as a federal trademark, search for conflicts, choose the right owner and goods or services, and apply through the U.S. Patent and Trademark Office (USPTO). The base filing fee is $350 per class. Forming an LLC does not register your trademark. Buying the domain does…
-
Continue reading →: Cash Flow for Small Business: Why Profit Does Not Pay the BillsCash flow is the money moving into and out of your business. Managing cash flow for small business means making sure that money arrives in time to cover payroll, suppliers, taxes, and debt payments. You can earn a profit and still run short of cash. Say your books show $18,000…
-
Continue reading →: Types of Small Business Lenders ExplainedSmall business lenders offer different ways to fund the same need. A bank loan, an online loan, and a cash advance may all cover an inventory order. But the cost, payment schedule, and risks can be very different. The main options include traditional bank loans, SBA loans, online financing, equipment…
-
Continue reading →: Income Tax by State on a Business GainWhere you live can change how much you keep when you sell a business. In a top-rate example, $10 million of taxable gain leaves $6.29 million after tax in California and $7.62 million in Florida. The gap is $1.33 million. That is a planning example, not an exact tax bill.…