Buying a business is a significant investment that requires careful consideration. To make an informed decision and reduce risks, you need to ask the right questions. Below are seven essential questions every buyer should ask before finalizing any deal. These will help you understand the business’s true value along with potential risks. 1. What Are the Biggest Challenges the Business Is Facing? Understanding the current challenges the business is facing is vital. Whether it’s cash flow problems or potential competition out there in the market, knowing these challenges allows you to assess the level of effort that will be required. It can also give you insight into potential opportunities for improvement and growth after the acquisition. 2. How Did You Arrive at the Asking Price? It’s a good idea to understand how the seller determined their asking price. Was it based on straightforward financial metrics like revenue and assets? Or was there some other rationale? You need to figure out … [Read more...]
Archives for June 2025
How to Set Remote Teams Up for Success
As remote work continues to evolve, businesses must adapt to this new way of working. What was once a temporary solution during the global pandemic has now become a permanent part of the modern workforce. While the flexibility of remote work offers numerous benefits, it also presents challenges. This can be particularly true when it comes to maintaining accountability. Let’s take a look at how businesses can set their remote teams up for success, ensuring productivity and collaboration. Start with Clear Priorities A common mistake when shifting to remote work is expecting immediate high productivity. While remote teams can be incredibly efficient, the transition needs to be handled with care. Instead of demanding an overwhelming output right away, businesses should prioritize tasks. Just like workers who come to the office, remote staff members also experience the pressures of modern life. Whether it’s balancing family life or managing stress, it’s important to give employees space to … [Read more...]