No matter how emotionally attached you feel to your business, it is essential to start considering an exit strategy as soon as you open your doors. An effective exit strategy will allow your company to take advantage of timely opportunities, such as an acquisition, an IPO, or a lucrative partnership. Planning for future changes by using these types of strategies will also give you the flexibility to set aggressive goals and pivot accordingly as you reach them.
On May 4, 2020, the SEC announced temporary conditional relief for small businesses that have offered Regulation Crowdfunding offerings in the past to allow them to raise additional funding through Regulation Crowdfunding investment offerings under more expedited and less strict criteria.
The Paycheck Protection Program has been created to assist small businesses during this unprecedented time. The SBA PPP program is only a part of the CARES Federal Stimulus package, which works to counteract the economic downturn related to the COVID-19 pandemic. Recently, the SBA PPP has run into several challenges while dealing with the delivery of funding.
Adopting new technology can be daunting, but innovation is critical to business survival in the age of digital disruption. A recent survey by Ernst & Young revealed insights to help boards of directors improve their companies’ approaches to adopting emerging technologies. Here, we’ve broken down the key takeaways for boards looking to expand and improve their company’s focus on innovation.
We are beginning a 4-part series, focused on safeguarding your business to withstand economic changes; both positive and negative. We will give you tactics to consider depending on how the overall economy is directly impacting you and the performance of your business. We’ll begin our series with five opportunities to contemplate during times of growth.
In March 2019, the NFIB Small Business Optimism Index increased to a historically strong level. Of the small business owners surveyed, 23% said the next 3 months was a good time to expand their businesses. If you are one of these business owners and the current market has been good for you, then here are 5 tips to help you capitalize on your success.
Annual business planning is one of the most important things that a business owner or CEO must do. It sets the strategy, the goals and determines the tactics for the following year.
Of course, there is a lot to consider in terms of where your business has been and where you are headed. It’s important to be organized and stay focused because how you plan often sets the tone for your business. Here are 7 key steps for an efficient planning process.