Popular Exit Strategies for Today’s Small Business Owner

Corporate Business Solutions  is recognized for using our expertise, experience and education to access the information that is often necessary for growth in small and medium – size businesses.  We specialize in helping business owners form the best exit strategies to reach both their personal and professional goals. 

Exit strategies are something that every business owner will eventually utilize. When you partner with us, you decide what exit strategy means to you and your business and we provide the guidance to fulfill your dreams. Having an exit strategy worked out in advance helps ensure that you like the answers to those questions and gives you some control over your small business's future. Here is an example of five exit strategies that small businesses may choose from:

Liquidation - This exit strategy means close the door and sell all assets. To make any money with such an exit strategy, your business has to have valuable assets to sell, such as land or expensive equipment. And profits from selling assets have to go to pay creditors first.

Sell the company in the open market - This is often seen as a popular option for small businesses, but is more complicated than it seems.  Unless the business has been structured with the right methods, systems and controls which will allow a new owner to run the business successfully, many buyers will be wary to invest in a business whose success is directly tied to the previous owner’s involvement in every aspect of the business. At a certain point in time, often when he or she is ready to retire, the small business owner puts the business up for sale for a certain price - and hopefully walks away with the amount of money she wanted to get for it. For this exit strategy, you should spend time preparing your business for sale, making it as lucrative as possible to potential buyers. One important question to ask yourself: Are you building a business worth buying?

Sell to another business - Positioning your small business to be a desirable acquisition can be very profitable. Businesses buy other businesses for all kinds of reasons, from using a new acquisition as a quick path to expansion through buying out (and eliminating) the competition.

Keeping it in the family - The goal of many small business owners is to keep your business in the family and ensure that your legacy lives on. As an exit strategy, it can also give you the opportunity to groom your own successor and even perhaps give you some continued say in the business.

Selling to employees - Current employees and/or managers may be interested in buying your business. Arranging an employee buyout can be a win-win situation as they get an established business they know a great deal about already and you get enthusiastic buyers that want to see your business continue to thrive.

To learn more about us and / or to schedule your appointment with the business experts at Corporate Business Solutions, call us today at 877-357-9366.

Guidelines for Holiday Bonuses

Corporate Business Solutions is a leading business consulting firm recognized throughout the United States. We offer the critical information that is often necessary for growth in the small and medium – size business marketplace.

If you’re a business owner that is handing out holiday bonuses for the first time, or if you’re just not sure how it should be done, it can be confusing. Here is a general guideline to keep in mind as you go about the process:

1. Establish the type of bonus. Holiday bonuses (or gifts) are different from year-end bonuses. The latter are based upon performance, measured against specific bonus-triggering standards. The former are typically given from the heart by the business owner. If you are truly giving out holiday gifts, either of cash or something else, make sure everyone knows that’s what it is. Don’t call a year-end, performance-based bonus anything but that: a performance bonus. Different rules govern these two types of recognitions.

2. Everyone gets a gift or bonus. If you are doing holiday gifts or bonuses, make sure every employee gets one.

3. Gifts don’t have to be equal, but should be consistent. Giving everyone the same gift, from managers on down, is the easiest course to choose. If you must give tiered gifts, make sure the tiers are clearly delineated: one type for management, another for staff. No favoritism based on any other criteria. Word will get around.

4. You have options besides monetary gifts. If you can’t afford a monetary or alternative type holiday gift, you can always offer employees a day or two off around the holidays to recognize their efforts during the year. This can also become your holiday recognition, if you want to change things up or don’t have a regular holiday bonus plan. Many employees appreciate paid time off in lieu of other types of holiday recognition.

To learn more about us and / or to schedule your appointment with the business experts at Corporate Business Solutions, call us today at 877-357-9366.

Skip the Construction Slow Season

Corporate Business Solutions  is a business consulting firm that is recognized for the ability to assist in the growth of small and medium- size businesses.  Our expertise allows for us to assist business leaders with the challenges they face in today’s small business marketplace, including progressing in your industry’s “slow season.”

In the construction industry, the winter season often brings a slow onset of business.  However, this doesn’t mean contractors have to go into hibernation. There are plenty of opportunities to stay busy and be profitable in the offseason.  Being able to maximize your business’ effectiveness during the offseason for any contractor or company is one of the pillars of a long and profitable career.

Expanding Services – Many businesses that are affected by winter weather have adapted and seized the opportunity to include new services in order to survive the adverse weather conditions. Popular winter services are holiday lighting, decorating and snow removal. Some contractors even provide carpet cleaning services, air-conditioning & heating services during the winter.

Interior Remodeling – Try to convince your clients to do interior remodeling during winter. After all, it is a good use of their time – when the climate is unfavorable outside – to spend time renovating indoors. In general, people are keen to take advantage of undertaking interior renovations in the winter. There is a climbing demand for interior painting, flooring, cabinetry, etc. to be done indoors during this time.

Address Added Value - Your clients may not see the potential opportunities to add value while remodeling, so explain it. Things like replacing old windows and doors are worth a look to bring in a better financial investment to the client, especially if they are getting ready to sell. These minor modifications can add tremendous value to a client’s home. A new front door can add up to 97% of the amount spent to the value of any home. Let your clients know that these minor services are seasonal and that they should take advantage of them while they can.

To learn more about us and / or to schedule your appointment with the business experts at Corporate Business Solutions, call us today at 877-357-9366.

Tips for Running a Cost Analysis

Corporate Business Solutions  has experience implementing cost control systems and accounting into small and medium – size businesses. These areas are crucial to the development of any size business, so don’t wait too long to get the help you need. 

If you’re a new business owner, it’s critical to run a cost analysis for your business as you start it up.  Below are general tips that may help you with the process:

1. List out all of your business costs - Break your costs up two ways (or more if that helps you) – at the very least into fixed and variable costs. These are the one-off costs that you need starting up, like a lease on a location, compared with the variable costs associated with the ongoing operation of your business, such as the cost of the materials or supplies that you are going to sell.
2. Add the amount - Add a dollar value to every single one of these costs. Be realistic – do not make assumptions about being able to get discounts or costs dropping as volume rises – those only get counted when you know you have received them.  Now take a very hard and realistic look at these costs. Set up a spreadsheet for the first year of business with all the fixed costs across the top and variable costs in a separate section below where they can be linked to volume. Plan these costs out over the year. Again be realistic – make no assumptions of success.
3. Eliminate as much as possible- Look at all your costs and think about if you really need to spend the money. Don’t be foolish about it – don’t remove costs you really will have to spend - but also do take out things that you know you can get by without. Think about the fact that every penny saved here is a penny added to your potential profit. And also think about the risk of cutting out things that will affect your ability to actually deliver to your customers.
4. Real world costs – Put real numbers against your costs and get costs as close to reality as you can. By now you have looked at your costs enough to understand how important each of them is going to be toward your business so you can make smarter decisions about the levels and amount of spending you are prepared to make. If you can’t get the costs down to where you can make money then you are in trouble. If after this exercise you are in trouble, don’t despair yet. Give it a day or two and go back and see what else you can save and do without. After that, if you can’t make the numbers work, it may be time to get some professional help!  A third-party objective point of view can often provide a business owner just what he or she needs to figure out the solutions which are necessary to make the business profitable and successful.
5. Develop a managerial cost system that budgets percentages rather than dollars.  In other words, take all the categories for expenses you have identified above and create an Excel spreadsheet which includes the percentage of total expenses for each category, with profit being your first budgeted line of expense.  Then set up a program where those percentages can be tracked over a period of time such as every month, every quarter and every year so that the variances can be identified quickly and action can be taken when percentages get out of line.  In other words, you want to budget percentages for your costs, rather than simply dollars.  You control your expenses by controlling the budgeted percentages for each category of expense with your budgeted profit being the minimum profit you will accept.  This will force you to be a disciplined business manager by making changes in your expenses rather than accepting a lower profit for yourself.

To learn more about us and / or to schedule your complimentary appointment with the business experts at Corporate Business Solutions, call us at 877-357-9366.

Small Business Lending Trends

Corporate Business Solutions has helped many business leaders find their unique path to success. From cost control to accounting, to restructuring and implementing new procedures, these business consultants realize that no two businesses are identical in goals and needs. 

In today’s market, many owners of small and medium – size businesses are turning to small business loans for assistance in developing their brand.  If you are considering a business loan, here are some trends to understand:

1. Non-traditional online lending: The online lending sector of the financial technology (fintech) industry exploded last year and shows no signs of slowing down this year. These lenders attract entrepreneurs by offering faster, more streamlined application processes than traditional banks. However, these online lenders aren’t regulated the same way as banks, and you need to read the fine print carefully to fully understand what the financial implications are for your business before making a decision. Generally, these lenders focus on merchant cash advances (with a payment arrangement that takes weekly or even daily payments from your incoming cash) or working capital loans with repayment front loaded into the first few months of the loan term. Their terms may be unclearly stated, and unsophisticated borrowers can find themselves on the hook for as much as 30 to 80 percent in rates and fees.  Exercise an abundance of caution with any non-traditional lending source, know the terms and determine the true cost of borrowing.
2. Banks will edge back into small business lending- Last year, 79 percent of SBA loans were greater than $350,000, and most big banks would only consider applications from businesses with a minimum two-year financial track record. In 2017, thanks in part to the market threat presented by the booming fintech industry, traditional banks will ease back into lower-dollar lending and will explore alternative funding options. Since the SBA only guarantees loans through traditional banks, anything those banks do to open up to smaller businesses is good news for everyone.
3. Watch SBA Rates - But do your math, and keep a close eye on the Fed. SBA loans are variable and reset quarterly: with a volatile worldwide stock market and potentially rising interest rates on the horizon, these loans will become more expensive in the future than in the past 5–7 years.

To learn more about us and / or to schedule your complimentary appointment with the business experts at Corporate Business Solutions, call us at 877-357-9366.

Starting an HVAC Business

The business professionals at Corporate Business Solutions are renowned for their expertise in the conts construction industries, including heating, ventilation and air conditioning businesses (HVAC.)

The HVAC industry tends to mirror the fast and forwardly growth of technology. Therefore, when improvements are made to the design and function of heating and cooling units, the demand for expert HVAC contractors accelerates.  If you’re looking to start an HVAC company, there are some general tips that may help you: 

1. Specialize - Assess your skill level to determine what you do best and then offer that service first. Realize your limitations and get training in those weak areas, if you feel you would like to offer those services. The HVAC is flexible because you can become an expert in a variety of services based on what you want to specialize in. This includes troubleshooting heat pumps, gas furnaces, or air conditioning; and consulting on ENERGY STAR appliances for homes or commercial buildings, or specializing in other areas of expertise.
2. Get Certified - Join a trusted HVAC industry-based organization that specializes in offering education and certification. Your years of experience and combined training can be even more enhanced with a North American Technician Excellence certification. In addition, your knowledge of ENERGY STAR qualified products and current trends in the HVAC business industry can make you a valuable resource to your customers. Certification may also help you instill your competency to potential customers.
3. Create Growth-Oriented Business Plan - Plan how you will expand your client base over the years to stay profitable, although initially, you may start your HVAC business with limited risk. Start out part time with a set amount of hours you would like to work in your business. Realize how many clients you can service within a week based on the hours you would like to devote to the business and your financial goals. Since HVAC contracting involves physical labor, make sure that you do not overbook and always delivery quality service to your customers. Also, be sure to account for time each week for administrative work. 

To learn more about us and / or to schedule your complimentary appointment with the business experts at Corporate Business Solutions, call us at 877-357-9366.

How to Start a Business Blog

The professionals at Corporate Business Solutions use our knowledge, experience, technology, and an unrivaled commitment to providing client service to help bring about positive change in small to medium-size businesses.

Our experts have noticed that a trend for small and medium- size businesses is to launch a blog as part of their marketing plan. However, many business owners need assistance in starting a blog. 

Here is a general guide many professionals are using to help when starting their own business blog:

1. Choose a blogging platform. There are many different blogging sites you can use, but one of the most versatile and user-friendly platform available is WordPress.org . This site is fairly simple to use, although non-techies might need some help with the setup.

2. Decide on a theme. One of the best features of WordPress is that it allows you to easily customize the look and feel of your blog, using themes.  When choosing a theme, determine if it displays properly on a variety of devices, including desktop, tablets and mobile devices and if it is customizable. 

3. Register a domain name. Next, choose a domain name, which is the URL used to access your site. A domain typically costs about $10 a year.

4. Purchase web hosting. While your WordPress site is free, you’ll still need to pay to have your blog hosted, which costs more than the domain rental. You can purchase your web hosting service through a number of different companies, but some of the more popular are GoDaddy, Hostgator and Bluehost.

5. Create a plan and start writing. Some factors to consider when planning for your blog are your main objectives for blogging, how often you will blog and the voice of your blog.

To learn more about us and / or to schedule your complimentary appointment with the experts at Corporate Business Solutions, call us at 877-357-9366.

Selling Your Small Business

The business experts at Corporate Business Solutions strategically work with business owners to assist in creating the most beneficial exit strategy that best suits the business owner and the business.  If you’re considering the sale of a business, here are some of the things to consider when choosing an exit strategy:

1. Timing of the Sale- Prepare for the sale as early as possible, preferably a year or two ahead of time. The preparation will help you to improve your financial records, business structure and customer base to make the business more profitable. These improvements will also ease the transition for the buyer and keep the business running smoothly. 
2. Schedule a Business Valuation - You should determine the worth of your business to ensure your asking price is accurate. When you have a business valuation with Corporate Business Solutions, we will draw up a detailed explanation of the business's worth. The document will bring credibility to the asking price and can serve as a gauge for your listing price.
3. Prepare Documents- Gather your financial statements and tax returns dating back three to four years and review them with an accountant. In addition, develop a list of equipment that's being sold with the business. Also, create a list of contacts related to sales transactions and supplies, and dig up any relevant paperwork such as your current lease. 
4. Find a Qualified Buyer-A business sale may take between six months and two years according to SCORE, a nonprofit association for entrepreneurs and partner of the U.S. Small Business Administration. Finding the right buyer can be a challenge. Get two to three potential buyers just in case the initial deal falters and stay in contact with the potential buyers. Find out whether the potential buyer prequalifies for financing before giving out information about your business. If you plan to finance the sale, work out the details with an accountant or lawyer so you can reach an agreement with the buyer.

To learn more and / or to schedule your complimentary appointment with the experts at Corporate Business Solutions, call us at 877-357-9366.

Tech Trends for Small Business

The business professionals at Corporate Business Solutions are committed to bringing the positive change that your business needs to have sustainable growth and profits.  In today’s market, evolving technology is driving and transforming business every day. Businesses that want to thrive are in a race to adapt and take advantage of these technologies while they’re still relevant and useful, or otherwise these businesses eventually will fall by the wayside. 

Here are three technology trends that business owners must embrace to stay ahead:

Mobile pay - With Apple Pay, Google Pay and a litany of mobile payment solutions flooding the market, the trend is to make payments as easy as a click of a smartphone button, reversing transactions just as easy and sending automatic invoices by email. 

Safeguarding personal data - Security concerns have reached a critical mass, and one of the biggest technology trends in business right now is ensuring that those holes are closed and all systems are adequately protected. This is taking the form of encryption during both data transport and at rest, enterprise mobility management for mobile devices, containerization so hacks don’t infect entire systems and adoption of cloud solutions that take security as a fundamental priority.

The cloud envelops everything - Nearly every business uses the cloud for all or some of its business software – about 93 percent to be exact. The cloud enables connectivity with other systems and reduced maintenance and mobility among other benefits. The past few years have seen widespread adoption of cloud computing, but 2016 is the year that businesses will start to complete the process and move the remainders of their systems to hosted solutions.

To learn more and / or to schedule your complimentary appointment with the experts at Corporate Business Solutions, call us at 877-357-9366.

Prepping Your Business for Tax Season

Corporate Business Solutions provides tax planning services for businesses that are small to mid-size.  Our tax planning is based on current law and substantial authority and we refuse to utilize high-risk planning techniques. 

Before the development of a client’s strategic plan, an in-depth review of a client’s financial and tax situation is performed.  A highly qualified Project Manager and a Tax Associate team (the majority have a background in law) will conduct an onsite visit to assess your business goals and operating structure as well as examine revenue sources, current tax planning, prior years’ filings and communications from revenue agencies.

With the fall season approaching, it won’t be long until tax time is officially here. Rather than save all tax related responsibilities for December and January, we suggest getting organized now:

1. Spend money. Don’t shy away from spending money on your business to maximize deductions. From marketing tactics to incorporating new technology, you might as well buy it now if realistic.

2. Conquer organization.  By becoming organized now, you can avoid a hectic situation in the future. From gathering receipts to running reports, there are things you can do well in advance of the New Year. Once the holiday season hits, schedules seem to fill up and become more hectic.

3. Begin your deductions. Business entertainment, travel and home office expenses can be deducted on your taxes. Save receipts and know all of your options to maximize your tax deductions for your small business.

At Corporate Business Solutions, we also offer tax defense services to clients who need representation against taxing authorities such as the Internal Revenue Service and state taxing authorities. We can assist you to vanquish such issues as tax liens, delinquent payroll tax and interest and wage garnishment.  We offer numerous solutions such as offers in compromise, installment agreements, penalty abatement, payroll taxes, an innocent spouse solution, resolution to cases that have been labeled as ‘currently not collectible’ and appeals.

To learn more and / or to schedule your complimentary appointment with the tax experts at Corporate Business Solutions, call us at 877-357-9366.

Converting Your Sole Proprietorship

It is common for entrepreneurs to start their businesses as a sole proprietor. Therefore, one of the biggest issues a small business owner must face is whether to incorporate, and if so, when. 

At Corporate Business Solutions, we ensure business owners are on the right track for success. Sometimes, that includes transitioning a business to an LLC or corporation.  Ultimately, we help clients understand which legal entity is the best fit for their growing business. There is no single solution that works for every type of business. If you feel it may be advantageous to convert your sole proprietorship to a corporation or LLC, we assist you with considering all the variables and choose the entity type that will be most to your advantage.

If you’re considering launching or growing a business, here are some facts you need to know:

• What Is a Sole Proprietorship?  A sole proprietorship, also known as the sole trader or simply a proprietorship, is a type of business entity that is owned and run by one natural person and in which there is no legal distinction between the owner and the business. The owner is in direct control of all elements and is legally accountable for the finances of such business and this may include debts, loans, loss etc.
• What Is a Corporation? A corporation makes your business a distinct entity. In other words, it separates your business assets from your personal assets. In most cases, if you are considering incorporating your small business, you will want to investigate S corporations. These are corporations especially designed for small businesses. S corporations are not usually required to pay corporate taxes; instead they only pay taxes on dividend earnings.  In other words, the income of the corporation is passed on to the shareholders who are responsible for paying income taxes instead of the corporation being taxed on its profits.
• What Is an LLC? An LLC offers protection for the owners' personal assets in the event of lawsuit or debt. The owners—called members when the firm is an LLC—can collect their profits through the company without paying corporate taxes in many states. There is also greater flexibility in how profits can be distributed amongst the owners than in corporate structures.
• Advantages of Incorporating. Incorporating your business separates personal assets from your business assets. In the event of a company lawsuit or bankruptcy, your personal assets will not be at risk. LLCs offer similar protections. Therefore, if you are running a business that is at high risk for being sued or has risky finances and you have personal assets you would like to protect, it is wise to form a corporation or LLC. Corporations may also save you money in taxes. 

To learn more and / or to schedule your complimentary appointment with the strategic business experts at Corporate Business Solutions, call us at 877-357-9366.

Importance of a Business Plan

If you start a business, your expectation is that it will be successful and profitable. Writing a business plan allows you to focus on the strategies that will make your business a successful one. That is why learning how to write a plan is so important for new businesses or established businesses that might be looking at new avenues for growth.  The business consultants at Corporate Business Solutions can help business leaders create and / or update a business plan to allow for maximum success. 

Business plans are written with an audience in mind. Internal business plans are written for a company’s management team to use as an operational guide. It can also be written with a specific project in mind to allow owners and managers to evaluate the feasibility and profitability of the project. These types of plans might include projections about profitability and growth ten or more years into the future.

External plans are written for the benefit of an audience located outside of the company. Prospective investors or venture capitalists and lending institutions are examples of the types of audiences for which external business plans are created. These types of plans are created to answer a question or address a particular problem. For instance, prospective investors want a business plan that demonstrates future growth and profitability of the company to generate a return on their capital investment.

Business plans come in all shapes and sizes, so what you choose to include in your business plan will depend upon your audience, the question it seeks to answer or the problem it seeks to resolve, and your personal preferences. The most frequently included elements of a business plan are the following:

• Executive summary
• Business description
• Business environment analysis
• Industry analysis
• Competitive analysis
• Market analysis
• Marketing plan
• Operations plan
• Team and management plan
• Financial projections
• Appendix

To learn more and / or to schedule your complimentary appointment with the business experts at Corporate Business Solutions, call us at 877-357-9366.

Mandatory Business Licensing

When you're caught up in the thrill of launching a new business, the need for licenses and permits is often forgotten. However, licenses and permits are mandatory.  Before you can legally start any new business operations, you must have all necessary licenses and permits in place. If your business has employees or sells taxable goods or services, you may also be required to register with the taxing authorities for your city, county or state.

Unfortunately, governments do not offer one place where you can go and get all your licenses, permits and tax registrations. In fact, obtaining all the requirements can be a confusing and time-consuming obstacle.  Many entrepreneurs turn to the pros at Corporate Business Solutions  who partner with a tax group focused on entrepreneurs whose attorneys are licensed to practice law in all the states for their assistance in what can be a confusing process.

Who Issues Business Licenses? Business licenses, permits and tax registrations are issued and administered by all levels of federal, state and local government. You may need licenses for each governmental level. 

Why Is a Business License Mandatory? Licenses are required for three main reasons:

• To identify your business and make sure you are accountable for all business actions
• To protect the health and safety of the public
• To keep track of your finances for tax purposes

What Are the Penalties for Not Being Licensed? Not being compliant with all licenses, permits and tax registrations could leave you unprotected legally, may lead to expense penalties and can jeopardize your business, including: 

• You cannot open your new location 
• Your location may be padlocked 
• You may be hit with costly penalties and interest, or even personal liens

What are the Common Licenses, Permits and Tax Registrations? Common licenses, permits and tax registrations that a business may need include, but are not limited to:

• Business License
• Home Occupation Permit
• Zoning Permit
• Building Permit
• Health Department Permit
• Sales Tax License
• Sellers Permit
• Fire and Police Department Permit
• Withholding Tax Registration

To learn more and / or to schedule your complimentary appointment with the business experts at Corporate Business Solutions, call us at 877-357-9366.

Increasing Sales For Your Business

 Corporate Business Solutions offers competitive sales training for business owners and employees.  When you implement a sound sales strategy, an increase in revenue is likely to follow. 

The business consultants at Corporate Business Solutions understand that clients make critical decisions and assessments within the very first seconds of a sales call. Therefore, a salesperson’s positive initial impact can open otherwise closed minds. 

Below are sales tips from our pros that can be incorporated into your sales practices: 

Keep eye contact: The most critical element of positive impact is eye-to-eye contact. If you look at the prospect squarely in the eye with a friendly look on your face, you, more often than not, will disarm the most guarded person. An open, honest face will win over the most skeptical of buyers. 

Maintain honesty:  Always represent yourself as a professional with something valuable to present to the client. Be honest and candid about yourself. With the popularity of Social Media, a client can typically discover details of your personal and professional background and schooling. 

Be aware of your first impression:  Sales people make a tremendous visual impact on clients. The care in which they treat their personal appearance leaves an indelible impression on clients. Not only should proper type of dress be used, but the cleanliness of that dress as well as the personal care of the salesperson’s appearance must also be impeccable.

Keep messaging consistent: Everything that is presented must be aligned from the initial lead to the final close. Anything which contradicts or seems to vary from the main points of your presentation or salient features of your product, will create distrust and a firm no-sale. A smart way to avoid this pitfall is to recap what you have already presented during several stages of the sale. 

To learn more and / or to schedule your complimentary appointment with the business experts at Corporate Business Solutions, call us at 877-357-9366.

Elevating your Retail Business with Corporate Business Solutions

Controlling operating expenses, managing modern sales and marketing tactics and reducing internal costs are key to a profitable retail future. At Corporate Business Solutions, we work diligently with retailers to analyze and identify challenges, implement solutions and embrace new technology.  When you partner with us, we will help increase profits, engage customers and enhance operations in today’s digital world.

If you are a business leader in the retail industry, there are two areas that you could be overlooking to achieve retail success:

Customer Service - Customers expect retailers to recognize them, remember them, relate to them and recommend relevant products. Retailers can do all of this by maximizing the data they have to create highly tailored, contextual and meaningful experiences.  From in-store experiences to customer follow-ups, as well as social media interactions and regular customer/store communication, the retail consultants at Corporate Business Solutions will help your retail store improve on all areas of customer service. 

Technology - No one can predict how technology will influence the future industry landscape, so retailers must simply expect the unexpected and invest in a multi-speed strategy when it comes to technology. Corporate Business Solutions LLC can help you capitalize on technologies and improve your ability to be ready for anything. Technology does not change the core fundamentals of retail but it does significantly impact how those fundamentals are delivered. It’s about using technology facets to improve multiple areas of your business. Retail is no longer about a location or a channel, rather it is about being an adaptive organization that integrates with customers’ lives in meaningful ways.

Our areas of retail consulting services are vast and include forecasting, planning, merchandising, allocation, replenishment, distributed order management, warehousing, business intelligence, financial, cost controls, employee productivity incentives, mobile, marketing and point of sale.

To learn more and / or to schedule your complimentary appointment with the business experts at Corporate Business Solutions LLC, call us at 877-357-9366.

The Uses for a Business Plan

There are many great reasons to create a business plan that many business owners may not know about.  When you partner with Corporate Business Solutions, we will assist you in creating and implementing the business plans needed to ensure your success. 

Here are sample reasons why you need a sound plan for your organization:

1. Help with developing new business partnerships – A smart business owner will use his or her business plan to create and set target goals for new partnerships.
2. Seeking investment - Investors need to see a sound business plan before they decide whether or not to invest. 
3. Growing your existing business - Establish strategy and allocate resources according to strategic priorities. 
4. Setting objectives for managers - Good management requires setting strategic objectives and then tracking and following up. 
5. Launching a new business - Use a plan to establish the right steps for starting a new business, including what you need to do, what resources will be required and expectations.
6. Performing a Business Valuation - Valuation is the term for establishing how much your business is worth. A Valuation needs to be performed by a professional with the proper certifications recognized by the Valuation profession. Before seeking a professional valuation, a business owner needs to develop a formal business plan for the future, which can add value to the current value of the business.  The plan helps the valuation expert to properly value the future growth and development of the business.
7. Selling your business - Usually the business plan is a very important part of selling the business. To receive the highest sales price, you need to help buyers understand what you have, what it's worth, where it’s going and why they should want to own it.

To learn more and / or to schedule your complimentary appointment with the business experts at Corporate Business Solutions LLC, call us at 877-357-9366.

Developing a Profitable Future for Your Business

For a business to achieve success and profitability, the owners and the managing directors must have a clear understanding of the firm's customers, strengths and all competition. The key team members must also have the foresight to plan for future expansion. If you are ready to maximize your brand and profits, a business analyst from Corporate Business Solutions will quickly identify several clear gaps in the company structure that may require immediate attention.

A senior business analyst, along with a senior executive from our home office, will first conduct a comprehensive analysis of your business. This is a necessary first step before embarking upon any consulting engagement. The purpose is to discover problems, determine the best solutions and prioritize the ones that can provide you with the most significant return on investment. Our individual teams are highly proficient, having performed hundreds of onsite company analyses. Our company has performed thousands.

Your personal business consultant from Corporate Business Solutions Inc will filter through the entire operation—the personnel, the personalities and the books. Your consultant can then introduce new systems and structure to increase overall efficiency. Written guidelines, policies and procedures are provided by your Corporate Business Solutions team to support the company and sustain the company’s future growth and profitability. Areas covered included budget planning, cash resource management, time management, sales manager training, accounts receivable collection procedures, employee performance management and leadership training, among many other business functions.

It’s also common for Corporate Business Solutions to set up a leadership team and implement training and measurement tools for success. During this entire process, the consultants at Corporate Business Solutions guide you and your employees step-by-step.

Ultimately, we work diligently so your business can progress to the next level. To learn more and / or to schedule your complimentary appointment with the business experts at Corporate Business Solutions Inc, call us at 877-357-9366.

Corporate Business Solutions Reviews Businesses

At Corporate Business Solutions, we believe that your business is unique, regardless of industry.  While there are some best practices that are applicable to all businesses, we know that no two businesses are alike.

Business owners have different goals and obstacles.  Management teams have different strengths and weaknesses.  Markets offer different opportunities and threats.  One size does not fit all.

This is why we offer custom solutions, developed onsite, for small to medium sized businesses.  We are committed to bring about the positive change that your individual business needs to have sustainable growth and profits.

Corporate Business Solutions reviews and recognizes that every business is unique. We seek to apply individualized creative solutions, specifically tailored to address the needs and concerns of our clients. No other company is as knowledgeable or has a greater expertise in providing analytical, consulting, and tax planning services for the owners of small and medium sized businesses. We offer our clients a significant return on their investment, establishing a long and mutually beneficial relationship.

Our mission is as clear as it is simple: we deliver the wants and needs of our clients based on professionally set expectations.