10 New Year’s Resolutions For Your Business – Part 2

Hello, and welcome back to ENLIGN’s blog! Last time we talked about five New Year’s resolutions you can commit to that will help your business thrive and grow. Although all changes take time, if you stick to our suggestions, you’ll be well on your way to having a more solid foundation for your company which means more security and success for you and your employees! This time we’re going to go over five more resolutions you can make this New Year.

Create a new department

When the new year rolls in, there’s no better time to create a new department in your company than now. If your employees are feeling stressed out and overloaded with work, you may need to bring in some new people to create an all-new department. Not only will your employees thank you, but it will give people within your company the opportunity to step up and take leadership of this new project!

Stop worrying about financials

It would be terrible advice to tell you to ignore your financial situation altogether, but there’s a difference between understanding it and letting it get to you. I’m proposing the former! If your company has seen a […]

November 14th, 2017|

10 New Year’s Resolutions For Your Business – Part 1

If I asked you what your New Year’s resolutions were, you’d likely say something along the lines of, “eat healthier food” or, “go to the gym more”. Although these are all great commitments you should be making in the new year, I’m referring to more broad changes that will affect your company and everyone in it. These are changes that, in the long run, will contribute to your company’s growth and success. If you’re in the market to purchase a business but haven’t done so yet, these tips will give you a good idea of what goals you should put in place once you do own one.

Increase your online presence

There’s no better way to kick off the new year than to increase your company’s online presence. Although some companies are surviving just fine for the moment with little-to-no online presence, that’s soon to be something of the past. And once that becomes a reality, you’ll want to make sure you’re prepared. If you’re planning on purchasing a business, you’ll want to immediately learn where your company is at and how it can improve its online presence in the new year.

Embrace social media

Going along the […]

November 14th, 2017|

Buying A Franchise Versus Independent Company

When it comes to buying your own business there are a lot of things to take into consideration. First and foremost, you need to have the funds and the drive to keep a company alive and profitable. If you have little or no business experience, this can be really intimidating and oftentimes it will scare people away from the idea of running their own business.

However, another thing you need to be aware of is that not every business requires the same leadership qualities to run. Some businesses may need little direct involvement from you while with others, you will be spending a lot of time, hands-on, with everything the company does. Another thing you’ll want to think about is whether you want to own a franchise or run an independent company. In this blog, we’re going to talk about some of the advantages and disadvantages of franchises and independent companies.

 

Franchise

The great thing about a franchise is that it’s already a proven business model. You don’t have to worry about how to organize the business, how to hire people, or how you will control assets because that has already been determined for you by […]

November 7th, 2017|

Hiring The Right Employees For Your Business

Are you getting ready to sell a business or have just bought one and you’re not sure where to start with finding the right employees? Either way, these can both be pretty stressful times because you’re trying to re-establish your career and don’t want to make any mistakes. This is perfectly natural, so take a deep breath and read these helpful tips so you’ll be prepared when it comes to deciding what potential employees you want to hire.

Define the position

The most important part of hiring someone is to be able to define exactly what a person in that position will be doing. Far too often, job candidates will enter the interview room with a very limited idea of what the job actually entails. Although this could be a fault of the interviewee for not researching your company enough, it could also be a fault of the interviewer if their job description is not detailed enough.

Some information you should outline for the candidate are things like duties, responsibilities, work environment, company culture, and necessary skills. Make sure they can find all this information in one place so they don’t have to search all over […]

November 1st, 2017|

What To Consider Before Buying A Business

Taking over a company can be a nerve-racking experience, especially if it’s your first business. However, if you’ve given it a lot of thought and have determined it’s time to give it a shot, make sure you consider these things before starting.

Typically, buying a company is less risky and difficult than starting a new venture because you already know exactly how well that company is doing in the industry and where the previous owner left off. However, it’s not always that simple. Any number of things can cause a business to fail after it’s purchased. Take these tips into consideration before you buy a company so you’ll be on the right track when the time comes.

Why people sell their businesses

Before you buy a company, it’s important to know that most people don’t sell their business because it’s going downhill. Usually, an entrepreneur will sell his/her company for various reasons, but chief among them is that the founder has become invested in a new business idea. It’s not uncommon for someone to spend a lot of time growing a business and then decide they want to do something else. For you, this may be […]

October 19th, 2017|

Increasing The Appeal Of Your Business

When it comes time to sell your business, there’s no coming back. You want to maximize the value of your business so you can sell it for as much as possible and fund whatever venture comes next. Many business owners find out that their business isn’t worth as much as they had hoped, but if you follow these tips, you’ll be on your way to getting more out of your business when the time comes to sell.

Obviously, when it comes to the value of a company, some things will be out of your control. With any business, values fluctuate as the industry of whatever you’re selling changes. However, sometimes the key to selling a business is just making it look more appealing to buyers, which doesn’t always involve increasing the cash value of it.

Simplify the business

If a buyer is interested in two businesses, they will usually go with the one that’s more streamlined and has seamless processes. Why? Because it’s easier to run a business that already has everything laid out for them before they get there and it will be less likely to crash after the purchase is made. In addition to this, […]

October 19th, 2017|

4 Keys to Successful Reputation Management

These are the very basics of successful digital marketing. To learn more about how to be a successful business owner, stay tuned for more posts on our blog! Also, if you are considering buying a business in Raleigh, contact ENLIGN’s business brokers. Our business brokers truly care about our clients and work to give you fast and the most profitable results. We can also help you buy a business in Raleigh provide a number of similar services. Learn more on our website!

In our last blog, we began discussing reputation management and how it is a key to having a successful business. Today, we wanted to dive a little deeper and discuss all the various aspects of what reputation management can be and how it can substantially benefit your business in Raleigh.

Heavy Web Presence

To not only survive and be successful, but also dominate the market you need to invest in a website and a high-quality website. A high-quality website with have visual elements, high-quality pictures, work well on all formats (desktop computer, smartphone, and tablet). You should not only have a website, but also have […]

July 5th, 2017|

3 Keys to Digital Marketing

As we began discussing in our last blog, digital marketing is the key to successful modern marketing. Phonebooks are more useful as doorstops in most cases and other physical marketing is less effective than it has been in the past. Nearly every adult has a smart phone. They don’t go anywhere without it, even taking it to the bathroom with them. Since the widespread use of smartphones and their high-quality apps, maps are becoming obsolete as well. All of this heavy internet use is a tell-tale sign that to be successful in the digital world you need to invest in digital marketing.

What’s the Goal?

So, what is the goal of digital marketing? Getting people to your website is the obvious goal, but how do you do this? The key to getting people to your website is ranking well on search engines and the apps that these influence. You do this by showing Google and other search engines that not only is your content relevant to those searching for you online, but also that you have valuable content.

Search Engine Optimization

Search Engine Optimization […]

June 21st, 2017|

5 Tips For Business Success – Part 2

In our last blog post we began talking about basic tips for starting a business in Raleigh successfully. Often, when unseasoned businessmen and women decide they want to start a business, their business plan is little less than a dream. Though idealism is important to have when starting a business, it can only get you so far. The American dream wasn’t the only thing that made our forefathers successful. It was their dreaming, their perseverance, and endurance, but it was so much more than just their heart that helped them find success: it was their mind and the thoughtfulness that they put into the entire process.

From Part 1

In part one of this blog series, we talked about the importance of delegating and having a niche. If you would speak to a business broker, they would tell you that these are both foundational to success.

Delegating

Though having a hands-on approach is important, delegating will save you from potential burnout and losing focus on your responsibilities that only you as the business owner can fulfil. Hire people that you trust to delegate tasks to and […]

May 21st, 2017|

5 Tips For Business Success – Part 1

It seems that many are deciding to start a business. The American dream is still embedded in most citizen’s subconscious and we feel that we can do anything: All we need is hard work, determination, and perseverance. Unfortunately, despite our idealistic dreams, if these are the only “tools” in our arsenal for starting a business and unless you are the exception, the business will most likely fail. Success is found in focused, intentional work, using the right resources, getting educated, and employing not only our heart, but also our mind.

There are many aspects to consider when starting your own business here in Raleigh. Here are a few basic tips that business brokers wish you knew for putting your business and yourself in the direction of success.

Delegating

When you are starting a business, you must delegate. We completely understand that you have a vision. A clear, specific vision for your business: from possible menu items to the orientation of the “wait to be seated” sign on the front desk. Though there are times to be nit picky, often choosing your battles is key when starting […]

May 5th, 2017|