by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
How would you feel about taking a cross-country road trip without knowing the amount of gas in your tank, engine temperature, or oil pressure? That’s why you have an instrument panel on your vehicle’s dashboard. Your business can have a dashboard, too,...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
In today’s tight labor market, small businesses — including restaurants, delivery services, retail stores, and manufacturers — struggle to hire and retain top-quality staff. The conditions are likely to worsen in many sectors as demand ramps up during the summer...
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Financial Planning
The balance sheet — a company’s assets and liabilities — is a logical starting point for valuing certain types of businesses. The cost approach focuses on this part of a company’s financial statements. Here’s an overview to help you understand this...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
The number of part-time jobs in the United States has generally increased over the past few decades. As of June 2022, there were approximately 25 million part-time workers. Although some part-time employees would prefer a full-time position, many people choose to work...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
A price increase is sometimes unavoidable — and now might be one of those times as many businesses are dealing with cost increases, supply chain bottlenecks, and labor shortages. The key to implementing a price hike with minimal loss of customers is timing. It’s...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning, Uncategorized
Special purpose acquisition companies (SPACs) provide an alternate route for start-ups to access public markets instead of initial public offerings (IPOs). Roughly 200 SPACs debuted in 2020, drumming up close to $64 billion in funds. In 2020, there was as much capital...
