IBA Articles and News
Exit Strategies: Building A Business For Sale Part 3 – Labor Market Struggles
Labor Market Struggles Given the current labor market, many business owners have labor and hiring at the top of their mind. It’s no secret that it’s an ongoing struggle for both large corporations and small businesses nationwide. I won’t go into the why in this article, but I will dive into how you can mitigate the labor market’s impact and better position your organization for future sale. Two-Step Process A lot of time, money, and unnecessary stress can be saved by taking two “simple” steps. First, companies that invest their efforts into comprehensive training programs tend to see better [...]
Incentives for Business Owners in Indiana
Incentives for Business Owners in Indiana Did you know that the government has free money available to business owners through certain incentives? Local, state, and federal governments offer economic incentives to attract new facilities, create jobs, and encourage investments in buildings and equipment, while also retaining existing facilities and employees. Depending on the size of the business, industry, and purpose of funds, you may qualify for tens to hundred-thousands of dollars in free money. Free Money for Buying a Business? A business acquisition is a “business growth event” that can trigger an incentive opportunity. By allowing acquiring companies to [...]
Indiana Business Advisors Strengthens Resources
Andrew Wahl Joins Indiana Business Advisors Indiana Business Advisors (IBA) is pleased and proud to welcome Andrew Wahl as Business Broker to our firm. Andrew comes to IBA with a solid entrepreneurial background. He started his first business at the age of 16. Today, he is an active senior commercial real estate broker, business broker, and owner/operator of Top Shot Aerial Photography, Indy’s largest locally owned drone service. Andrew is a graduate of Ball State University where he focused on entrepreneurship and small business management through the Miller College of Business. After graduation, he went into sales while operating [...]
Exit Strategies: Building A Business For Sale Part 2 – Policies and Procedures
EXIT STRATEGIES: BUILDING A BUSINESS FOR SALE Part 2: Importance of Plans, Policies and Procedures Owning and operating a business takes a lot of work. Anyone who has done this at some point in their life will agree. It’s not only time and effort put in, but also sometimes late nights, weekends, holidays, and whatever else the unexpected has brought. In the end, your business is your personal investment. For many, it’s the product of their life savings and will be their retirement plan. Read on for some tips to make your business more marketable for sale in the [...]
Exit Strategies: Building A Business For Sale Part 1
EXIT STRATEGIES: BUILDING A BUSINESS FOR SALE It’s no secret that the internet is flooded with all kinds of information for business owners on what to do next and how to do it. The problem is: most are written in a way that are not easily understood or lack actual experience and expertise. It’s true, many articles online are written in a way to just score more site hits through search engine optimization (more about SEO later). That doesn’t mean, however, that there aren’t truly genuine pieces out there designed to help. Our purpose is to provide a platform [...]
Investment Strategies: Buying a Business to Build Wealth
Investment Strategies: Buying a Business to Build Wealth? Recently, Forbes took a comprehensive look at how many Forbes 400 members founded their own businesses and at what age. The end results were clear: unless you’re planning on inheriting your wealth, it’s best to start or buy a business earlier rather than later. How Do Investment Strategies Make People Rich? Almost half of the entrepreneurs in the ranks — Forbes classifies 254 of the 400 list members as founders — started a business before they hit 30; nearly 85% had by age 40. The average age was 32. The company [...]
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