Exit plan. Don’t even think about selling your business unless you have an exit plan in place. It’s important that you know what’s next after you sell your business. Prepare your business for sale. Aside from preparing all documents…

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Set-aside programs are designed and intended to help disadvantaged businesses get a leg up in the government contracting arena and to make the bidding process more competitive. There are several programs that the Small Business Administration (SBA) has created to give advantages to certain types of small businesses; one that we’ve already mentioned, but today we’re going to discuss two of the biggest ones: woman- and minority-owned small businesses.

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Generally the entire business is started by a single individual or perhaps a few individuals. Anyone will tell you that running a small business is no less complicated than any much larger corporation. The difference is scale and that’s it! There are still the same tasks like accounting, inventory control, purchasing, payables, receivables, customer interaction and so on.

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