Buying a Struggling Business: Key Considerations and Strategies for Turning It Around
Acquiring a business that has fallen on hard times can feel risky — but it also presents a unique opportunity. With the right due diligence, a thoughtful turnaround plan, and strategic marketing, you can breathe new life into an existing operation while saving time compared to building from scratch. 1. Understand Why the Business Is Struggling Before signing any papers, investigate the root causes of the decline. Common reasons include: Poor cash flow management Outdated marketing
Borders and Business: The Realities of Immigrant Entrepreneurs
The gleaming promise of entrepreneurship often wears a patriotic sheen in popular culture, but the road to business ownership is never just paved with grit and dreams—especially for those born beyond the borders. Immigrant entrepreneurs navigate an entrepreneurial landscape riddled with invisible potholes: legal tightropes, cultural curveballs, and capital deserts. These aren’t the challenges that make the headlines, yet they shape the day-to-day grind of trying to launch something meaningful while being
What to Know about the CTA, BOI and FinCEN if You’re an SBO in Portland, TN
The Corporate Transparency Act may require certain U.S. companies to disclose beneficial ownership information to FinCEN to combat financial crimes. While a Texas federal district court’s preliminary injunction puts this requirement on hold, many experts expect that to be overturned. In that event, failure to file could lead to fines of $500 per day, up to a maximum of $10,000, and possible criminal penalties. However, filing your Beneficial Ownership Information (BOI) report will help you avoid fines
