Blog - Month: January 2022
Month: January 2022
What You Need To Know Before Selling Your Business
Starting a business is one thing, but selling it is another. Before selling your business, there are a few questions you need to ask
Business Success Through The Generations
Only 75% of all family-owned businesses are third-generation operated. Passing the torch on to the next generation can be difficult. Vend Advisors is here to lend a hand in making sure your business stays successful for generations to come. The Hand-Off Having a multi-generational business is hard on its own. Passing the enterprise down to the next generation can be a difficult task. There are numerous cultural and technological differences between each generation. Having established communication between each age group is essential to the continued success of your business. No particular group should feel isolated or disrespected. Otherwise, a fumble can take place within your business which could result in How Do You Have These Discussions? The first step is to acknowledge that these discussions need to occur before passing the torch. If the elephant is in the room, you can't hide it. It would be best to deal with the elephant to move things along. Dealing with generational problems through open discussions will help influence decision-making and perspective. Be accepting of the other generations. How Vend Advisors Can Help Once your family-owned business decides to have these discussions, we can help by facilitating these conversations. We can act as a mediator in a safe and private environment so that your family can establish meaningful and civil discourse. Learn More Vend Advisors is here to help! Please br
Reviewing Your Business Policies And Services
Reviews are not usually music to a business owner's ears. However, they are a necessary part of operating a business. As the new year moves along, when should a company conduct its business
What To Look For Before Buying A Business
In our last blog post, we discussed what a person selling a company needs to look out for before making that decision. In this blog post, we give you a few items to consider before purchasing a company for the first
Keeping Your Company Safe From Vulnerabilities
We know that you desire to go that extra mile when serving your clients. But when doing so, it's essential to make sure everything is running smoothly - and safely. It's critical to keep your company safe from vulnerabilities or legal
How To Handle Transitioning Between Business Leaders
When a coach leaves a team, changes must be made; the same is true when a business leader departs, and another takes their place. How does a company handle the transition of its business
Understanding Business Culture And Business Value
What is the impact of company culture on company value? Find out in our latest blog post
