Author: Melissa Carroll

Ensuring a Smooth Buy-Out Transition

Buy-outs can happen for dozens of reasons. Perhaps a CEO is retiring and wants to put the company in new hands. Maybe a company is approaching bankruptcy and a parent company swoops in to salvage the remains. Regardless, a buy-out is a high-stress transition for any company of any size—even that 10-person tech start-up. While…

Tips for Replacing a Key Employee

Losing key employees can be stressful for any business—no matter the size, scale, or age of the company. In some cases, losing a key employee can catalyze a transition in its own right. This is especially true for hires who have been involved in the process of creating and shifting the direction of a business;…

Failed Statistics for Failed Businesses

Smart business owners seek out as much information and as many resources as they can to start and establish their company. Often, one of the pieces of information that these owners come across is the number of businesses that fail within a certain timeframe. Beware of putting too much stock in these figures. As you’ll…

5 Considerations for Every Transition

You’ve built a small business and have decided to sell. This process is one of the most difficult to handle and complete; the emotional weight of selling your small business is enough to strand many owners. If you are considering this transition or already in the process, consult the following 10 tips for additional guidance.…

Who Should I Hire for a Transition Team?

If you’re thinking about selling your small business, a transition team is a necessary part of the equation. Transitioning out of a business necessitates expert advice and consult in every area of the process; allowing a professional to assess the strategy and situation will help you get the most out of the transition. To that…

Types of B2B Transitions

Business transitions can take many forms: family succession, management buy-out, third-party sales, the list goes on. However, no matter the form your buyout takes, you should be aware of three basic types of B2B transitions: Strategic, Financial, and Competitive. We have detailed each below for your consideration in strategizing your upcoming transition.   B2B Strategic…

Start Your Small Business Before It’s Too Late

There are any number of economic factors that are difficult, if not impossible, to predict. Companies hate uncertainty, but pretty much every business starts in an uncertain business environment. It’s really just degrees of uncertainty. Indeed, there are no guarantees that interest rates will go up or that the fundamentals of the economy will stay…

Turning your Personal Blog into Your Business

Successful bloggers have been making money off their passion projects for years. With established audiences, a set voice, and a strong web presence, these writers, photographers, and artists are beginning to transition from simple blogs into money-making businesses. This transition, however, might be more difficult than you expect. You cannot assume that your readers will…