When you first started your business, you probably never took any real notes of your meetings with your partners. Everything was handled verbally or over email.
Scaling up your business means taking steps to expand your production or reach. It sets the groundwork so that your startup can comfortably (and profitably) start to grow beyond its original boundaries by adding in things like outside funding, new employees, better technology and process and sometimes, new business partners.
Mergers and acquisitions happen in business all the time -- and are often a sign of growth. But, any kind of merger or acquisition involving a business tends to feel inherently unstable to the employees involved.
You've got the dream and the vision to make your business happen. You've got a solid business plan and plenty of experience in your field. Now, you just need an investor.
If you have a business concept in mind and you're considering incorporating your business around it, then you're probably keenly aware that there isn't just one type of corporate structure that you can choose from. There are instead many different ones. Each has its inherent pros and cons associated with it. If you've considered setting up either an "S" or a "C" corporation, then you probably should first know the difference between the two before you move forward it incorporating your business as one of them.
When you started your business, you were naturally exuberant. Your initial success gave you a rosy vision of the future, and you anticipated a great deal of growth over the next few years.
For a small company, a buy-out can mean great things. It generally means that you've successfully made some inroads into the market or field.
You can launch a business with a great idea -- or you can see someone else's great idea and think, "I could do that even better." If that's the case, you may be thinking about buying another entrepreneur's existing business and turning it into your own.
You have a brilliant idea, and you're ready to introduce it the world -- but that means getting your business up and running.
Are you hoping to give your business to your children? Are you the adult son or daughter who is hoping to take over the family business?