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What is Seller Financing and Why Does it Matter When Buying or Selling a Business?

Seller financing (also called owner financing) happens when the business owner agrees to accept payments over time rather than getting all their money at the time of closing. As LendingTree explains, “After making a cash down payment of 10% to 50% of the purchase price, buyers may finance the rest with seller financing, sometimes in combination with loans from traditional lenders” (LendingTree, 2024). You’ll typically make a down payment and sign a promissory note outlining: The payment schedule Interest rate Term length (usually 3-7 years) Any collateral requirements Five Advantages […]

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4 Tips to Growing Your Business

When you first launch your business, your main goal is to establish your brand and start growing. Unfortunately, this doesn’t happen overnight. Growth is an ongoing process that requires hard work, patience and dedication. There’s no special step or secret way to surpass other businesses in the industry or achieve immediate success. There are, however, proven ways to reach growth milestones that can catapult a business to success. Here are small business tips for accelerating growth. 1. Hire the right people Before you can even think about your company’s growth […]

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Strategic Planning for the New Year: Setting Goals for Growth

As the new year unfolds, it’s the perfect time for businesses in the green industry to embark on a journey of strategic planning. In this blog, we’ll explore the significance of strategic planning for small businesses and provide actionable insights for setting goals that foster sustainable growth The Power of Strategic Planning: Strategic planning is the compass that guides businesses toward success. For small businesses in the green industry, it offers: Vision and Direction: Define where your business is heading and establish a clear roadmap for achieving your objectives. Resource […]

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Knowledge Is Power

Knowledge sharing within an organization has significant benefits, but it does not always happen. It takes the leaders of any team to foster a collaborative environment, but that can be a challenge despite knowing the advantages. Here are some things you can do to encourage knowledge sharing and collaboration in your business. Promote Safety in Sharing One of the best ways to encourage knowledge sharing is by creating a working environment in which team members feel they can share input and ideas that will be taken into consideration without negative […]

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The Four Types of Diversification Strategies

As the workforce continues on a trend toward globalization and as competition becomes steeper than ever before, the need for a diversity strategy is transitioning from a “nice to have” to a necessity. Use this brief guide to help you unpack the four types of diversification and the strategies that align with each one.

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Special Offers & Loyalty Programs to Gain and Retain Customers

Often when a customer calls your business, one of the first questions they ask is “how much does this service cost?” Customers are always looking for the best value—a good quality service at an affordable price. An effective way to hook customers is to provide special offers and programs that entice customers to try out your services. Then, once that person has become a customer, those same offers and programs are what will help you keep them. Implementing Special Offers & Loyaly Programs In Your Business Make a loyalty program […]

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