Benetrends Blog

Are you looking to buy an existing business?  You should be on the lookout for common challenges to buying an existing business and how to overcome them.  As seen in the recent post, Buying an Existing Business: 12 Factors to Consider, there are great...

There are many advantages to buying an existing business, but there are also some cons if the business is not in good shape. When William Carter and his wife, Katherine, considered buying a business, they were drawn to The Canyon Villa, a boutique bed and breakfast in...

Due diligence. It is the same whether you are buying a home, a car, or your own business. When evaluating an existing business for a potential purchase, completing your due diligence is absolutely critical. Due diligence, as seen in the recent post, Buying an...

Every business owner, whether they're a franchisee or a small business owner, have similar struggles with the operations of their company. How do I attract and retain the best employees? Who can I use to manage my payroll? Where do I find the best resources for my...

Launching into business ownership is not a one-size-fits-all experience. There are many different paths to owning your own business. Some choose to secure a franchise in an established brand, with built-in name recognition, marketing, and loyalty. Others opt to build...

In study done by RewardExpert, a company focused on providing tools, reviews and research for its users, they examine the best and worst places to start a new business. The report gathers data from 177 metropolitan areas and uses 30 indicators to rank the locations....

The most recent analysis by the Federal Reserve of small business credit markets shows signs of slowing revenue and credit gaps, especially among firms with annual revenue of $1 million or less. With the credit market tight, especially among larger lenders, businesses...

National Small Business Week 2018 is being celebrated April 29-May 5. The initiative is organized by the Small Business Administration (SBA), a government agency that focuses on providing support to current and aspiring business owners. Since 1963, the President of...

For new businesses, cash flow is an important element of money management. Having adequate funds on hand to cover financial obligations, especially when revenue is uncertain or inconsistent, is a key part of managing a small business. As seen in the recent...