A common hope among California small business owners is that their company will last for a very long time. However, there are a range of things that could endanger this hope and put a company at risk of coming to an end.
You finally did it. You said good-bye to your dull, nine-to-five job, and you've decided to branch out on your own. You're starting up your own company, and you'll be doing something you love. It's an exciting time, and you can't wait to get started.
Acquiring and merging with another company is an enormous undertaking. There are myriad complex steps to be completed. It is a process that can be daunting for the businesses involved and their employees. It can also have major effects on the companies’ clients, vendors and partners.
As a business leader, you understand the potential challenges that come with purchasing another business. The process may be going smoothly when—wham!—you hit a roadblock. Fortunately, there are steps that you can take to circumvent potential obstacles that come up when buying a business. One of the most important is to perform due diligence.
Entrepreneurs know firsthand the hard work, innovation and expense that it takes to launch a startup. Entrepreneurs also know that no matter how much legwork goes into forming a startup, sometimes it takes additional funding to get it off the ground.
The day after Black Friday can be an important day for small companies here in America. It is Small Business Saturday. This year, this shopping day focused on the nation’s small businesses falls on November 25.
Traditionally, the Friday after Thanksgiving has been a very important day for physical retail stores here in the United States. “Black Friday” is a day many retailers have counted on for especially high consumer traffic and strong sales. But, may this be starting to change?
Among the things small businesses vary greatly in is what their revenue streams look like. Some small businesses get their revenue from a variety of different sources. Others have just a few sources. For example, there are some companies that get a major chunk of their business from just one customer.
For small business owners, thinking about the future can be important. Carefully considering what the future could be likely to hold for their company, their industry and how business is done in general could help a business with planning how to keep their business on the path towards their goals for it.
Each industry raises its own unique considerations for business owners in that industry.