by Steven Beal | Jul 11, 2022 | Uncategorised
Unlike cash, inventory is almost always sold with an active business. However, just because it is included in the sale doesn’t mean it is included in the price. A price for a business is typically stated "$x plus inventory" This is usually done... by Steven Beal | Jul 4, 2022 | Uncategorised
This month we will focus on the importance of clarifying roles and responsibilities as you transition. Everything works better when we get what we expect. Disappointment breeds frustration and potentially anger. In a work environment, we (should) know our job and what... by Steven Beal | Jun 27, 2022 | Uncategorised
While analyzing the balance sheet and the income statement, sales and operating ratios should be calculated in order to point out areas requiring further study. Ratios provide insight into profitability, liquidity, efficiency, and leverage ability. Profit ratios such... by Steven Beal | Jun 13, 2022 | Uncategorised
In many cases when you purchase a business, it includes payroll with employees that will now be working for you. You will need to familiarize yourself with the organizational culture and structure. Some key questions include: What are the job responsibilities, rates... by Steven Beal | Jun 6, 2022 | Uncategorised
Once you’ve figured out you want to sell your business and you have planned your exit strategy, the final step is up to you: what do you want to do next? Some people dream of retiring to a warmer climate, and after our long winter here in Manitoba, who can blame... by Steven Beal | May 30, 2022 | Blog, The Beal Blog, Uncategorised
“Intangible assets” are assets like trade names, trademarks, logos, copyrights, software, patents, and industrial designs. They are legal rights that a business can own. To protect these rights, patents and trademarks should be registered. Patents can cover things...