Business Consulting Archives - Blog - Murphy Business https://murphybusiness.com/blog/category/business-consulting/ Excellence in Business Transactions Mon, 08 Dec 2025 18:00:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.1 https://murphybusiness.com/blog/wp-content/uploads/2025/06/cropped-favicon-32x32.png Business Consulting Archives - Blog - Murphy Business https://murphybusiness.com/blog/category/business-consulting/ 32 32 Why More Entrepreneurs Are Choosing to Buy Businesses in 2026 https://murphybusiness.com/blog/why-more-entrepreneurs-are-choosing-to-buy-businesses-in-2026/ Mon, 08 Dec 2025 18:00:57 +0000 https://murphybusiness.com/blog/?p=1009 by Veronica Cardinal Ellinger, CEO of Murphy Business Sales As 2025 draws to a close, a significant trend is clear: rather than just launching new startups, more Americans are turning to buying established businesses as their chosen path to entrepreneurship. The November 2025 Small Business Startup Sentiment Index™ from FranchiseInsights.com reports 89.3% planning to start … Continue reading "Why More Entrepreneurs Are Choosing to Buy Businesses in 2026"

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]]> Looking Past 2025: How Business Owners Can Prepare for Growth, Acquisitions, and Succession https://murphybusiness.com/blog/how-business-owners-can-prepare-for-business-transitions/ Tue, 09 Sep 2025 14:30:27 +0000 https://murphybusiness.com/blog/?p=973 The economic headlines of 2025 are hard to ignore. With inflationary pressures, uneven consumer demand, and a cautious lending environment, many business owners are focused on near-term survival and are tightening budgets, protecting cash flow, and waiting for signs of stability.  However, history shows us that business cycles shift, often more rapidly than expected. The … Continue reading "Looking Past 2025: How Business Owners Can Prepare for Growth, Acquisitions, and Succession"

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]]> Business Exit Planning: When’s the Right Time to Start? https://murphybusiness.com/blog/business-exit-planning/ Tue, 08 Jul 2025 14:10:15 +0000 https://murphybusiness.com/blog/?p=924 When is the Right Time to Start Business Exit Planning?  The Short answer is: sooner than you think. Many business owners focus heavily on growth, operations, and profitability, but delay one of the most important decisions they’ll ever make: how and when to exit their businesses. Exit planning is not something to leave until you’re … Continue reading "Business Exit Planning: When’s the Right Time to Start?"

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]]> Succession Planning Isn’t Only for Estates https://murphybusiness.com/blog/succession-planning-isnt-only-for-estates/ Sat, 04 Jun 2022 12:00:18 +0000 https://murphybusiness.com/blog/?p=837 At some point in time, you’re going to leave your business. Whether you choose to retire and pass the company to a chosen successor or sell it to a new owner, you must consider how you complete the transition of power with minimal disruption. Having a succession plan in place can minimize the negative effects … Continue reading "Succession Planning Isn’t Only for Estates"

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]]> 5 Signs It’s Time to Sell Your Business https://murphybusiness.com/blog/5-signs-its-time-to-sell-your-business/ Wed, 04 May 2022 12:00:44 +0000 https://murphybusiness.com/blog/?p=833 When you started your business, you had big plans for it. Although an exit strategy may be the last thing on your mind when you’re working to build a company, there may come a time when you have to consider letting go. These five signs can help you decide if it’s time to sell your … Continue reading "5 Signs It’s Time to Sell Your Business"

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]]> Understanding an Income Statement https://murphybusiness.com/blog/understanding-an-income-statement/ Mon, 24 Jan 2022 15:11:25 +0000 https://murphybusiness.com/blog/?p=824 An income statement is one of the three essential financial statements that a business owner uses to keep an eye on their success. It summarizes the company’s revenues and expenses over a specific period of time. Also known as a profit and loss statement, an income statement will show you how your “bottom line” is … Continue reading "Understanding an Income Statement"

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]]> 5 Ways to Stay on Top of Your Industry as a Busy Business Owner https://murphybusiness.com/blog/5-ways-to-stay-on-top-of-your-industry-as-a-busy-business-owner/ Tue, 13 Jul 2021 12:43:11 +0000 https://murphybusiness.com/blog/?p=807 “So much to do, so little time.” That’s never more true than when you’re a business owner. You have a lot to manage — you want to lead your team well, serve your customers, do great marketing, and more. But if you fall behind in your industry, you can find yourself behind the competition quickly. … Continue reading "5 Ways to Stay on Top of Your Industry as a Busy Business Owner"

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]]> Franchise or No Franchise https://murphybusiness.com/blog/franchise-or-no-franchise/ Mon, 29 Mar 2021 15:55:37 +0000 https://murphybusiness.com/blog/?p=798 As an entrepreneur, you have many options when it comes to buying a company. Do you want to choose an established business in a specific area, or would you prefer to be a franchise owner? There are benefits and drawbacks to each one, and a business broker like Murphy Business can help you decide what’s … Continue reading "Franchise or No Franchise"

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]]> What to Expect as a First-Time Business Buyer https://murphybusiness.com/blog/what-to-expect-as-a-first-time-business-buyer/ Tue, 08 Dec 2020 14:06:03 +0000 https://murphybusiness.com/blog/?p=792 Thinking About Buying a Business Near You? Here’s What to Expect as a First-Time Buyer. Buying an existing business near you can be one of the smartest ways to become your own boss. Instead of starting from scratch, you’ll often gain a built-in customer base, proven operations, and experienced employees who already understand how things … Continue reading "What to Expect as a First-Time Business Buyer"

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]]> How to Be a Great Leader in Uncertain Times https://murphybusiness.com/blog/how-to-be-a-great-leader-in-uncertain-times/ Wed, 22 Jul 2020 14:20:42 +0000 https://murphybusiness.com/blog/?p=775 Leading a business in 2020 has been extremely challenging. However, it seems like there are always difficult circumstances in business. From the attacks of 9/11 to the economic meltdown of 2008-10 to COVID-19, tough times surface periodically. What separates those who do well from those who fail is often a single factor — great leadership. … Continue reading "How to Be a Great Leader in Uncertain Times"

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