Business Basics Archives

Before You Sell: The Quiet Clean-Up That Makes a Business More Attractive

Selling a business is not just about finding someone with money. That part comes later. First, you need to make your business feel understandable, trustworthy, and worth the price you believe it deserves. Buyers are not only looking at profit. They are looking for confidence. They want to know what they are stepping into, what

How Do You Manage The Working Capital For Your Business?

DETROIT - Working capital refers to the total amount of funds your business possesses for your day-to-day expenses. It’s the difference between your current short-term assets and your long-term liabilities. Long-term liabilities include unpaid bills (payments receivable), and stock and marketable securities (cash). This is a useful tool to help you keep track of your