Some of the biggest news of the CVOID-19 era has been the delicate lease negotiations between landlords and tenants. With reduced revenues, tenants struggle to make regular rent payments but don’t want to lose their locations for when things normalize again. Landlords, especially those who also carry mortgages, cannot afford to be without rent for […]
With the recent COVID 19 global pandemic, it is more important than ever to manage your cash effectively. While we know cash flow is the cornerstone of any business, it is often easy to lose sight of those controls when times are good. But cash management and cash flow are vital to your business success. […]
Business is booming in Sacramento, CA. Yes, many business owners are selling and the owners are moving out of California. That’s a normal and healthy part of the capitalist system. How do I know business is booming in Sacramento CA? There is a need, however, to talk about is the businesses that are growing and […]
As a business owner, you may see articles about S-corporation. These are corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal taxation purposes. The shareholders of an S corporation will report the flow-through of income and losses on their personal tax returns; taxes are imposed at their individual […]
As January ends, Capital One’s Small Business Growth Index has discovered that America’s small business owners have some concerns about their prospects for the year, especially when it comes to taxes and cash flow. The good news is that overall, small business owners have positive feelings about their finances, with 47% saying that their businesses’ […]
There are several new laws that go into effect January 1st. Among these are some changes to employment practices for California employers in the areas of employee family leave, job applications, interviews, background checks, and compensation. SB 63: Parental Leave Expansion As the law stands today, under both California Family Rights Act (CFRA) and the […]
The most recent Market Pulse survey shows that roughly two-thirds of M&A experts predict that a rising interest rate environment will have a significant effect on their ability to finance transactions. The interest rate is going up in the lower middle market. The Market Pulse survey interviewed 315 business brokers and advisors in 37 states […]
It’s not uncommon to see litigation against a physician or medical practice. Those who have failed to act on the matter of asset protection before a suit is initiated could be at great financial risk. As you start to consider selling your medical practice, it’s an opportune time to look at your business structure, your […]
California Manufacturers Advantage® (CMA) is a terrific program that’s geared toward small and medium sized manufacturers. This California manufacturing program provides a comprehensive review of your business, with technical expertise and strong leadership skills to spot issues and create meaningful solutions. Every year, CMA advisors help hundreds of manufacturers around California identify and implement business […]
Roseville-based Gallina LLP announced it’s merger into Minneapolis-based CliftonLarsonAllen LLP. The area’s biggest firm based on the number of local CPAs says it’ll be effective the first of the year. Gallina has more than 300 employees in 12 offices. Those are in California, Nevada, Utah, and Washington. CliftonLarsonAllen employs over 4,500 professionals, with more than […]
After five years in midtown Sacramento, the vegetarian/vegan restaurant Garden to Grill announced it will shut down in early December. The owners posted on Facebook that the restaurant will close on December 11. A different business will quickly be in that spot by the middle of December, although there are currently no additional details about […]
The holiday season has expanded in recent years. Advertisements and commercials in October? Crazy, indeed. What used to be just a few special days with friends and family now includes shopping and the expectation of great deals. Black Friday and Cyber Monday are now two of the most highly anticipated days of the year for […]
A boutique medical practice, Parsley Health, is set to debut its first location in downtown San Francisco later this month. It’s a growing trend in Northern California and around the country. An increasing number of physicians are practicing concierge medicine and opening boutique practices as a way to avoid dealing with insurance and reimbursements. These […]
10 billion business cards get printed in the United States every year. Of that, 88 percent of these get thrown out after the first week, according to CNN. This might lead some to wonder whether business cards have become a wasteful relic in an age of smartphones and social media when everything is going paperless. […]
Cloud Based Services can enhance your business in many ways. While data storage is the most common form of cloud service, the cloud can do much more than just store data. However, with so many cloud products on the market, how do you know which will work best for your company? Here’s a look […]
One of the biggest headaches for the single business owner is may be their death; or perhaps it is their taxes? Because there’s no Accounting Department down the hall or a benefits coordinator on the fourth floor of your company in Sacramento, it’s up to you to manage your taxes. Without the resources of a […]
Building assets in your business is good business. For example, although buying and driving behaviors for personal cars can be relatively predicted, this is not always true for company cars and their various users. Research into company car drivers found there is no such thing as the typical corporate car user. Instead, there are different […]
On April 19, 2016, I received an email from someone I never met before saying they had an interest in a business I had for sale they saw on one of the websites I used to advertise businesses for sale. Because I help those that want to buy and sell a business this was part […]
The manufacturing industry has experienced tremendous growth over the last few decades, with more companies adopting lean methodology and successfully competing in a global marketplace, according to the National Association of Manufacturers. Productivity also hasn’t shown any signs of slowing down. Overall, the hourly output for all workers in the manufacturing sector increased over 2.5 […]
On Sunday May 22, 2016, Fareed Zakaria, in one of his segments on his show on CNN called GPS or Global Public Square asked the question why the number of new companies in the last 6 years is declining. Fareed’s observations included too much regulation stifling innovation, credit being hard to get, the movement of […]
Without exception, the sale of a business from the current owner or seller to the new owner or buyer is exceptionally difficult. In simple terms, the difficulties for each party touch the ‘head’ and the ‘heart.’ For the seller, normally their greatest challenge is their ‘heart.’ They have been thinking and talking to their loved […]
You might be asking: how to reduce risks in a business purchase process? Make sure that you’ve thoroughly prepared your due diligence for a structured, competitive transaction process, and ensure that the window of vulnerability is as short as possible. Window of Vulnerability Throughout your interaction with a potential bidder right up until the sale […]
What’s the first decision for a new business owner? The answer should be simple and complete. Do absolutely nothing. Buying a business is a demanding process. It’s demanding intellectually and financially but it’s more demanding emotionally. If you’ve bought a business you’ll know the above makes perfect sense as you can remember lying awake late […]
How do you manage capital costs and selling a business? Almost without exception, a business sells for a Fair Market Value or FMV. FMV is recognized in law as mainly meaning that a business will only sell once the buyer and seller understand exchange full information not only about the business and how it works […]
The concept of a work-life balance is hardly a new one. Most parents are familiar with the idea of devoting attention to their families while also masterfully handling their career and personal goals. The problem is that most of these folks also think it is impossible to truly achieve. While it’s not an easy balance […]
Mobile technology is in a constant state of flux. Hardly a week goes by where apps don’t update, and smartphones often change in size or in software versions. In an ever-changing digital landscape, how do you optimize your business’s website for maximum sales and outreach? If your business has run aground in keeping up with […]
Rex Berry is my guest on 105.5FM and Money 2.0 and our topic covers employment law and how an employer in the Sacramento area can take steps to reduce unwelcome lawsuits and employee claims; which drain the owner by wasting time and energy on a unproductive problem. Rex is an attorney and therefore a member […]
\Bret Rossi lives and works in the Sacramento area and is a member of The State Bar of California. That is, by profession he’s an attorney. Like all attorneys, he has specific areas of interest or specialization and these are Litigation and Bankruptcy be it personal or business. That’s not how Bret sees his job, […]
Donna Sauter lives and works in the Sacramento and Modesto, CA areas and likes to deal what many would consider the most boring subject of all; taxes and financial statements. As far as Donna is concerned, her job is not about taxes and financial statements but using the data and wealth of information that flows […]
General Stanley McChrystal, amongst other things, was a 34 year military veteran in the US military including the US Commander in Afghanistan up until 2010 when he resigned and was replaced by General David Petraeus. Recently he wrote and published a book called “My share of the task” and was talking with Charlie Rose on […]
Representations and Warranties are standard clauses in any purchase agreement for a business or practice. It’s not something the buyer and the seller tend to spend too much time on; until something goes wrong. Once it goes wrong, the conversation quickly turns to hiring an attorney and taking legal action. Perhaps a little knowledge may […]
Asset Preservation by Deferring Capital Gains Tax Asset preservation by deferring capital gains tax is what Bill Angove is all about. Bill was my guest on Money 2.0 to talk about the work he does at Asset Preservation, Inc. where Bill is the Vice President. Asset Preservation specializes in helping clients defer capital gains tax […]
The amount of data that’s generated every day is overwhelming to even think about. According to Science Daily, 90 percent of all the data in the world has been generated in the last two years. Many businesses enlist the services of a content management system or digital asset management service to access and manage this […]
The Uncertainty Principle, according to Wikipedia, is a variety of mathematical inequalities used in Quantum mechanics. As I have almost no understanding of Quantum mechanics I am unable to use it effectively except I heard it paraphrased the other day with an explanation that “the more precisely you study and learn something, the less you […]
Michelle Elder is a CPA and joins me on Money 2.0 to share some great tax and accounting tips for small business owners. Michelle owns and operates Elder Accountancy and has just completed her 30th tax year (but please don’t mention this to her.) Michelle begins by sharing what piqued her interest in her field […]
In June 2013, Karl Palachuk joined me as my second guest on an episode of Money 2.0. Karl is the author of ten books and has an extensive background in I.T. Most of his books are I.T. related, however one of his books, Relax Focus Succeed®, is a life balance book
Importance of a financial plan for a business owner. Most business owners spend a disproportional amount of time running their business to make sure it’s successful. Similarly, most business buyers, especially those buying a business in their late 30’s and 40’s are doing so because they believe they can earn more as a business owner than as an employee and therefore set themselves up for when they plan to retire.
New business models are emerging that challenge the old assumptions about how to operate a business for profitability.
In the book “Firms of Endearment – How World Class Companies Profit from Passion and Purpose”(Wharton School Publishing), the authors, Sisodia, Sheth and Wolfe, provide many examples of how companies that take care of all the stakeholders – not just the shareholders – achieve significantly higher profits.
SPICE is their acronym for all the stakeholders:
Buying or selling a business is a complex matter. There is no question about it. The complexities start from the moment a buyer and seller start interacting but there is natural conflict in place. For a start, the buyer doesn’t have any history of the operation of the business and so has to rely entirely on the representations of the seller. Conversely, the seller has lived and breathed the business, knows its upsides and downs including its strengths and weaknesses. My Golden Rule when assisting with a business transaction is for each party to put their feet in the shoes of the other party. In other words, the seller should see things from the buyer’s perspective and the buyer should see things from the seller’s perspective.