Your tire or auto service business has provided for your livelihood. It has created jobs, sales, profits, equity and marketplace visibility. And now you're ready to move on. Maybe you're seeking an exit right away. Maybe you're planning for the future. Either way, and regardless of the phase you may...
One of the biggest hurdles you'll face in running your own business is staying on top of your numerous obligations to federal, state and local tax agencies. Tax codes seem to be in a constant state of flux making the Internal Revenue Code barely understandable to most people.
I recently asked a friend in his late 50s about his plans for retirement. He told me he expected to die at his desk - and he was serious. He gave no thought to a time when he wouldn't be in his business. Part of being a proactive business owner...
If you speak with most shop owners, they'll tell you that they think their shop is worth "X" amount of money. Ask them how they came up with that number, and they'll tell you it's based on what they heard another shop sold for, or it's predicated on their annual...
