Closed Sales of Small Businesses Drop, But Values Up, Report Says

In 2019, closed sales among small businesses decreased by 5.5% from 10,312 deals in 2018 to 9,746. The median sale price of a business sold in 2019 increased by $1,000 to $250,000 compared to 2018. 2019 BizBuySell Insight Report The data was unveiled by BizBuySell’s Annual Confidence Index, a nationally-recognized economic indicator that tracks the health of the small business economy in the US by analyzing statistics from transactions reported by participating business brokers across the country. The 2019 BizBuySell Insight report research found that the median […]

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How the CEO of TV maker Vizio went from mortgaging his home to bootstrap his business to building a privately held manufacturing empire that competes with Sony and LG

Consumer electronics businesses need a lot of capital to operate and grow, so it’s a bit unusual when a high-tech manufacturer doesn’t use equity financing. William Wang conceived of Vizio when the economy was reeling from the dot-com bust and money was scarce, so he mortgaged his home to bootstrap his television business. Seventeen years later, industry metrics show Vizio is a top brand in the US smart TV segment, sales are growing strong, and the company is still privately held.  Business Insider spoke with Wang about […]

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Last Minute Tax Advice for Home Office Deduction

Do you work from home? If so, others share your situation. The U.S. Small Business Administration says 60.1% of all firms without paid employees are home-based. The same ca be said for 23.3% of small employer firms, and 0.3% of large employer firms.  Work from home? Determine whether to claim a home office deduction, which effectively transforms some personal expenses into business write-offs. Make Sure You Qualify There are two tests to pass before you can figure a home office deduction: Test one: You must use the […]

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10 Tactics for Managing New Clients’ Expectations Early in a Business Relationship

10 Tactics for Managing New Clients’ Expectations Early in a Business Relationship

When you get a new client, they are usually all over the place when it comes to their expectations of what you can do for them. Managing their expectations is one of the most important things you need to do early on. If you underpromise too much, you risk driving the client away. On the other hand, if you let the client have their dreams and expectations dictate the pace, you could end up disappointing them. As a business owner, this is a fine line to walk, […]

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Capital One Spark Miles vs. Capital One Spark Cash: How do these two business credit cards compare?

Recently, Capital One rolled out enticing welcome offers on its two popular Spark business credit cards. Both the Capital One® Spark® Miles for Business and Capital One® Spark® Cash for Business let you earn bonuses worth at least $2,000 in rewards if you can meet a high minimum spending requirement.
 These welcome bonuses are only available available until January 27, so don’t wait long to apply if you’re interested.  Compare the two cards before you apply. The Capital One Spark Miles may be a better deal for […]

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Women in Cloud Summit Prepares Female Entrepreneurs for $4.5 Trillion Opportunity

Women in Cloud Summit Prepares Female Entrepreneurs for $4.5 Trillion Opportunity

The International Data Corporation projects demand in cloud services to reach $4.5 trillion by 2025. As a result, even though most of that demand comes from big enterprises, it creates a huge opportunity for small businesses that provide those services too. Women In Cloud Summit 2020 seeks to prepare women technology entrepreneurs for these opportunities. For example, those attending learn about the #CloudInnovateHER Pitch Challenge and #MicrosoftCloudAccelerator. The programs focus on helping women tech entrepreneurs gain better education and get more funding.  But they also aim to […]

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Here’s Where Uber Drivers Are Making Serious Cash – And Where They Aren’t

If there is one company that symbolizes the gig economy, it is Uber. The issues the company has with its drivers and how much they make highlights the growing pains of the gig economy. Speaking of how much they make, a new report from Zippia looks at where in the U.S. Uber drivers make the most and least money. Author Kathy Morris says you can make a good wage in some cities, but in others, you will be better of working at McDonald’s. The good news is […]

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Uniplaces founder has learned how not to communicate with employees as his company grows from 1 to 100

Ben Grech is one of three founders of Uniplaces, a Lisbon-based startup that helps students find accommodation in Europe. Grech has noticed that as the company has grown, the way he and other leaders communicate with the team has changed, as the informal approach of a young company doesn’t scale.  Organic growth is the focus for the company right now, though Grech does not rule out acquisition or IPO down the line. This article is part of a series on growing a small business, called “From 1 […]

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