Our Insights - Business Owners

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Business Owners

• Help Wanted: Why Can't Businesses Find Enough Workers?

  The headline U.S. unemployment rate fell from 6.7% at the end of December 2020 to 3.9% in December 2021, marking the biggest one-year improvement in history. While many workers took advantage of this strong rebound in the job market, companies large and small have been struggling with labor shortages.

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• Buying an Existing Business (Opens in a new Window)

  Unlike a new business, an existing business will likely have a product or service that is familiar to consumers, suppliers, lenders, and employees. Similarly, the business will, hopefully, have established "goodwill".

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• Determining the Value of Your Business (Opens in a new Window)

  The basic concept of valuation is to determine a justifiable dollar value or price for a total or partial interest in your closely held business. Because valuing a business is so important, you should be very careful when selecting an appraiser.

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• Transferring Your Family Business (Opens in a new Window)

  As a business owner, you're going to have to decide when will be the right time to step out of the family business and how you'll do it.

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• Business Life Cycles and Business Planning (Opens in a new Window)

  It is important that you properly identify the life cycle stage of your business so that you can plan appropriately and establish realistic goals for the future.

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