Thinking About Buying or Selling a Business? Start With the Numbers.
A successful transaction begins long before the purchase agreement is signed. Buying or selling a business can be one of the largest financial decisions an owner will ever make. For a seller, it may represent the culmination of decades of work and a significant portion of personal wealth. For a buyer, it may represent an […]
The Cost of Waiting: Why Successful Business Owners Make Decisions Before They Have To
When it comes to business planning, having more time often means having more options. Business owners make decisions all day long. Some demand immediate attention—a customer issue, an equipment failure, a staffing problem. Others are easier to postpone because there is no obvious deadline. Should we replace that piece of equipment this year or next? […]
10 Questions Every Business Owner Should Continually Ask
Running a successful business requires making hundreds of decisions each year. Some are operational. Others are financial. Many involve balancing risk with opportunity. While no business owner has all the answers, the most successful ones consistently ask the right questions. At Stanaland Dodson & Associates LLP, we’ve found that these conversations often lead to the […]
How to Build Strong Banking Relationships for Your Business
Advice from a CPA Firm in Winston-Salem, NC For many business owners, the relationship with their banker becomes important only when they need financing. Perhaps you’re applying for a line of credit, purchasing equipment, buying commercial real estate, or exploring an SBA loan. But the strongest banking relationships are built long before a financing request […]