The risk of recession makes any business owner worry about their financial future. Depending on your current market conditions, you may feel more vulnerable to recession risk than others.High inflation and unstable currency fluctuations make these fears feel closer to home. You may consider selling your business to avoid disaster, but don’t commit too quickly.... The post Recession Risk: Is Now the Right Time to Sell Your Business? appeared first on NEO Business Advisors ..read more

Mergers vs. Acquisitions: An Overview While the terms “merger” and “acquisition” refer to the joining of two companies, they are very different concepts with several key differences. Both mergers and acquisitions can expand an organization’s reach or increase its market share, but how the participating companies interact and the end result of the process can... The post Mergers and Acquisitions: 1 Key Difference You Need to Know appeared first on NEO Business Advisors ..read more

When the time comes to sell your business, you will likely seek a business brokerage professional to guide you through the complex process. Marketing and negotiating the sale of a business requires expertise in various fields, including accounting, financing, and law, so it’s crucial to find an experienced and ethical broker. You can do this... The post Why Choose a Certified Business Intermediary (CBI) as Your Business Broker? appeared first on NEO Business Advisors ..read more

While buying a small business can come with immense potential benefits, there are also inherent risks. Even so, the potential risks should not dissuade you from moving forward with your plans. Arming yourself with the right knowledge and adopting the correct approach can go a long way toward mitigating these risks and placing you on... The post 6 Mistakes to Avoid When Buying a Business appeared first on NEO Business Advisors ..read more

Buying a business can be a great way to enter business ownership for the first time. Stepping into an existing business has many benefits for first-time buyers but there are acquisition benefits to be seen by existing businesses, too.  Expanding a business’s operations through a merger or acquisition offers several key benefits for business owners... The post Top 3 Benefits of Business Acquisition You Should Know appeared first on NEO Business Advisors ..read more

For many would-be business owners, the term seller’s market is incredibly concerning and brings to mind many questions. For example, is it a seller’s market for all businesses and industries? Is it possible to buy a healthy business without paying an exorbitant price? Can I negotiate, or must I simply make an offer with a... The post How to Buy a Business in a Seller’s Market appeared first on NEO Business Advisors ..read more

The sale of a business is often the single largest and most significant transaction of a business owner’s life. Unlike the sale of other large assets – like a home or a car – the sale of a business happens once, after years of blood, sweat, and tears have been poured into building the organization... The post When Should I Begin Preparing My Business for Sale? appeared first on NEO Business Advisors ..read more

Manufacturing is a massive part of our economy. From cars to clothes, electronics to food, it’s hard to imagine life without it. Unfortunately, like everything else in our lives, the manufacturing industry has been impacted by the COVID-19 pandemic and the resulting shift in the labor market and supply chain disruptions. These challenges have yet... The post Buyers’ Due Diligence in 2021: 3 Things You Need to Know appeared first on NEO Business Advisors ..read more

Manufacturing companies, like all businesses, are facing a lot of challenges today. The global economy is simultaneously navigating a still pandemic-ridden world while struggling to recover from the repercussions of 2020s Covid-related shutdowns. Couple this with a nationwide labor shortage and the outlook for growth and profitability in the manufacturing industry would seem poor. Fortunately, ... The post Industry Outlook 2021: What You Need to Know About the Manufacturing Industry’s Profitability appeared first on NEO Business Advisors ..read more

COVID-19 has left many businesses teetering on the edge of uncertainty within their markets. As the pandemic continues to cause disruptions to supply chains, exacerbate labor shortages, and end lives around the world, many businesses find themselves in need of a little help. The government, in an effort to relieve the stress COVID-19 is creating... The post Financial Aid for Businesses: How Can It Affect a Buyer’s/Seller’s Bottom Line? appeared first on NEO Business Advisors ..read more