How to Streamline Your Processes and Procedures

Posted by Iron Wheel Solutions on Apr 17, 2019 6:36:13 PM

Business people sometimes have a tendency to overcomplicate things — whether you’re onboarding new customers, checking vendor shipments, doing quality checks, or whatever else you spend your day-to-day time on, your day is really just a series of processes and procedures. When you’re done with the day’s procedures, your business is a little bit better off and you can be home at a reasonable hour.

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Topics: Business Tips

Beyond Revenue — How Branding And Marketing Increase the Value of Your Business

Posted by Iron Wheel Solutions on Apr 9, 2019 5:05:33 PM

Valuation is one of the most important aspects of any business — we’ve talked before about how you should be conducting a business valuation at least once a year, not just when you’re buying or selling.

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Topics: Branding

7 Tips For Finding The Best Business Broker

Posted by Iron Wheel Solutions on Mar 28, 2019 12:59:54 PM

Selling your small business is a serious undertaking. You want to get the best deal you can out of your business, but finding a buyer for your business can be difficult, especially if you’re in a niche industry.

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Topics: brokerage firm denver, selling a business, selling a business tips

Why A Rollup Is The Best Way To Quick Growth

Posted by Iron Wheel Solutions on Mar 19, 2019 4:33:03 PM

There are several ways of integrating mergers and acquisitions into your business strategy, but one of those strategies is the rollup — when you plan to buy multiple businesses within one industry to integrate into one larger company.

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Topics: buying a business, buying an existing business, Revenue

The Pros And Cons Of Owning Your Supply Chain

Posted by Iron Wheel Solutions on Mar 7, 2019 3:26:58 PM

Owning your own supply chain, also known as vertical integration, is a step that a lot of companies consider — but it’s not right for everyone. There are many pros and cons to consider when it comes to cost, benefits, and management of you’re newly integrated assets.

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Topics: Business Tips

How To Sell Your Business Without Paying It All Back In Taxes

Posted by Iron Wheel Solutions on Feb 19, 2019 12:15:00 PM

Selling a business can be an exciting prospect — it can fund your next project, your personal passion, or your early retirement. But it’s also financially complicated, and it’s not a venture you should get into without some serious consideration first.

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Topics: Business Tips, Selling Your Business

What An Economic Downturn Means For Your Business And What To Do About It

Posted by Iron Wheel Solutions on Feb 13, 2019 4:30:39 PM

To hear the experts tell it, an economic downturn is right around the corner. We can’t predict the future, but we can tell you that downturn or not, it’s never a bad idea to be prepared for uncertain economic times. Markets rise and fall based on a thousand different factors beyond your control, and you never know when you’ll need to weather a decline in your business. Here are some things to think about.

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Topics: Business Tips

How Goal-Setting Can Improve Your Business

Posted by Iron Wheel Solutions on Feb 6, 2019 10:15:00 AM

When you start your business, it’s easy to focus on just one goal: survive. Make enough money to pay the bills and keep the lights on for another week, or another month, or another quarter. That’s a good goal, obviously. But it’s also incomplete.

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Topics: goals

Identifying Key Value Drivers

Posted by Iron Wheel Solutions on Jan 23, 2019 12:40:00 PM

Any business is a constantly evolving web of incomes and expenses — it can be hard to keep track. But which ones are the most important? Identifying your key value drivers — the factors that make the biggest difference in the performance of your specific business — is critical to boosting your profitability.

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Topics: Business Tips, CEO, Revenue

New Year's Resolutions for Your Business

Posted by Iron Wheel Solutions on Jan 16, 2019 6:42:13 PM

You made it through another year! That’s no small feat, especially if you’re running a new or small business — up to 50% of small businesses fail in their first five years of business. For you to be on the right side of that coin flip, you must be doing something right.

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Topics: Insider, Business Tips