by Royer Advisors | Dec 11, 2024 | Business Plans
As a Maine-based small business owner, you know how important location is. Before choosing a location, you looked into things like foot and car traffic, as well as the occupancy rates of neighboring buildings. However, it is just as important to research the local...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
Many small businesses owners are aware that they should have, and regularly update, a strategic plan. They may not, however, realize that part of the process should involve having a succession or exit plan. The Anatomy of a Strategic Plan The best way to start working...
by Royer Advisors | Dec 11, 2024 | Business Plans, Valuations
The income approach is a common choice when appraisers are selecting appraisal techniques. Value is found with this technique by converting future economic benefits into their net present value. Long-term sustainable growth is a key part of this. Capitalization of...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning, IRS Regulation, Tax Planning
Paying employees involves more than just issuing checks. Sometimes small business owners don’t realize how many specific records must be kept. For each employee there has to be records including details such as name, address, and Social Security number, but also...
by Royer Advisors | Dec 11, 2024 | Business Plans
Failure to secure ownership of intellectual property is one of the most costly mistakes for any small business owner. It is also one of the most easily preventable. This is what company owners and executives should know: Under federal copyright law, the ownership of...
by Royer Advisors | Dec 11, 2024 | Business Plans, Valuations
Usually a professional appraiser will seek input from the current owners when he or she is valuing a business. They want to get the inside scoop on how the business works, and it is an important part of the appraisal process. Valuators need not only knowledge related...
