Myers Business Advisors, Ltd.
If you want to understand the actual value of your business and manage it effectively, understanding the cash flow is essential. It’s not just a buzzword—cash flow is a big determining factor of your business’s financial health. But with all the different terms out there, it can be tough to know where to start. But … read more
If you’re looking to sell your business in Ohio, you’ve got a lot of decisions ahead of you. First, things first you need to prepare your business for sale, and then you need to find someone to represent you in that sale. Most of the time, it makes sense to hire the same person for … read more
My Experience with Partnerships and Letting Go of Total Control When I first bought a business, I’ll admit it—I was a bit of a control freak. I wanted the final say on everything and the idea of sharing control with a partner didn’t sit well with me. I think a lot of entrepreneurs can relate. … read more
Now, let me just say this before I dive into this topic—My wife made me promise that I wouldn’t buy another business—but if I were to break that promise? Hypothetically, of course—don’t worry, Katina! With my experience in business acquisitions and background in turnarounds, I now understand what’s most important to focus on and what … read more
Buying a business can be one of the most exciting—and challenging—decisions you’ll ever make. It’s a chance to take something that’s already built and make it even better. But there’s one common mistake that I see time and time again: buying a business in an industry you don’t know much about. It’s a trap that’s … read more
The manufacturing sector remains one of the highest demanding industries espicially in Noertheast Ohio. This region has long been a manufacturing hub, with a skilled workforce that knows how to get the job done right. On top of that, manufacturing businesses tend to have lasting power. Unlike service-based businesses, they’re often built on long-standing relationships … read more
All business owners transitioning to the sale of their business strive to sell it for the maximum return on their investment. However, many end up with a sub-par sale, leaving them with regret and dissatisfaction. For many business owners, this is their nightmare scenario. The missed opportunities, financial strain, and regret can leave them feeling … read more
Are you a business owner considering selling your business? If so, there’s an essential first step you shouldn’t skip to ensure a successful sale. Selling a business is no small feat. From my experience, many business owners are eager to dive straight into the sales process. However, those who rush often find the process becoming … read more