Considering Purchasing an Existing Business?

  “Due Diligence”……the most critical period during a business purchase is also the perfect time to call the Alaska Small Business Development Center. When entering the phase of due diligence, a business owner turns over all balance sheets, income statements, and business tax returns to a potential buyer.  It is during this time when the … Continue reading "Considering Purchasing an Existing Business?" More

Are you ready to purchase a business?

Begin by surrounding yourself with team members who are there to protect your best interests. The team of advisors at the Alaska Small Business Development Center will: Provide an in-depth historical financial analysis of the business Provide a financial projection model detailing the outlook for the business over the next 5-year period Provide you with … Continue reading "Are you ready to purchase a business?" More

The Great Reveal: How Benchmarking can Help You Manage Your Business

Benchmarking is the process of evaluating or checking (something) by comparison with a standard. As a business owner there are many items that you could consider benchmarking but if you know and can focus on the key performance areas that are important to your business there will be a higher return for your efforts. If … Continue reading "The Great Reveal: How Benchmarking can Help You Manage Your Business" More

The Top 10 Financial Ratios for Business Owners

Financial ratios are important, but often overlooked by small business owners.  When accurate figures are applied, these calculations are useful to determine a firm’s performance and financial situation.  Comparing financial ratios with industry benchmarks can be critical in identifying areas of strength and weakness.  In some instances, ratio analysis can even predict future bankruptcy.  This … Continue reading "The Top 10 Financial Ratios for Business Owners" More

What Gilmore Girls taught me about Small Business

Like many other women my age, I grew up spending Thursday nights with the Gilmore Girls and Friday morning bus rides discussing the episodes with my friends. This was before live tweeting- or Twitter for that matter (does that mean I’m old?). Little did I know my obsessive re-watching of each and every episode was … Continue reading "What Gilmore Girls taught me about Small Business" More

Taxes for Commission-Based Workers

Join the Cooperative Extention, SCORE Alaska and SBDC for a workshop on taxes for commission based workers. Learn how to plan for, report and pay your taxes if you don’t have a consistent salary. Register at bit.ly/ces-workshops and contact Kathryn Dodge at 474-6497 for more information. More

Are You Forgetting Something? End of Year Tips and To Dos

By the end of November many seasonal, non retail, Alaska businesses slow down and the business owners have time to work on their businesses.  This late November or early December window of opportunity is the perfect time to do some tax planning for the current year before year ends.  With 10 or 11 months of … Continue reading "Are You Forgetting Something? End of Year Tips and To Dos" More

You may be liable for credit card fraud at your point of sale

As of October 1, 2015, liability for credit card fraud at merchant points of sale (POS) in the US has shifted. Prior to that date, banks and financial institutions that issued the credit card used in a transaction would shoulder the entire liability for fraud in that transaction (aside from a token $50 liability on … Continue reading "You may be liable for credit card fraud at your point of sale" More