Small Business Archives - Blog - Murphy Business https://murphybusiness.com/blog/category/small-business/ Excellence in Business Transactions Fri, 16 Jan 2026 19:39:55 +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 Small Business Archives - Blog - Murphy Business https://murphybusiness.com/blog/category/small-business/ 32 32 Hot Business Trends vs. Best Fit: How to Choose the Right Small Business Opportunity https://murphybusiness.com/blog/hot-business-trends-vs-best-fit-how-to-choose-the-right-small-business-opportunity/ Fri, 16 Jan 2026 19:39:55 +0000 https://murphybusiness.com/blog/?p=1014 by Veronica Cardinale Ellinger, CEO, Murphy Business Sales At the beginning of every New Year, ranking lists that reflect top trends for the year are prevalent. In business brokerage, top business trends are circulating, especially in the current turbulent job market. Interest in small business ownership is rising, driven by a desire for autonomy, greater … Continue reading "Hot Business Trends vs. Best Fit: How to Choose the Right Small Business Opportunity"

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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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]]> Common Mistakes Business Owners Make When Selling Their Business https://murphybusiness.com/blog/three-common-mistakes-business-owners-make-when-selling-their-business/ Sat, 15 Apr 2023 20:38:40 +0000 https://www.murphybusiness.com/blog/?p=845 Selling your business is an exciting milestone—but it can also be complex. Many business owners unknowingly make mistakes that cost time, money, or even a successful sale. Understanding these pitfalls early can help you plan a smoother exit and achieve the results you want.  Here are three common mistakes to avoid and how Murphy Business … Continue reading "Common Mistakes Business Owners Make When Selling Their Business"

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]]> Understanding a Balance Sheet https://murphybusiness.com/blog/understanding-a-balance-sheet/ Mon, 11 Apr 2022 18:31:04 +0000 https://murphybusiness.com/blog/?p=830 Whether you’re running a successful business or interested in buying one, it’s important to understand the various financial documents that a company produces. These reports help you know what’s going well, what’s going poorly, and whether the company has a healthy long-term outlook. The balance sheet is a report that helps you look at the … Continue reading "Understanding a Balance Sheet"

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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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]]> 3 Reasons to Buy a Business Instead of Starting Your Own https://murphybusiness.com/blog/3-reasons-to-buy-a-business-instead-of-starting-your-own/ Fri, 15 Oct 2021 14:44:01 +0000 https://murphybusiness.com/blog/?p=814 A lot of people dream of being their own boss. They want to own a company so they can do what they love and make the rules themselves. Entrepreneurs also find it important to be able to serve their customers in the best way possible, unconstrained by others’ rules. If that’s you, you might think … Continue reading "3 Reasons to Buy a Business Instead of Starting Your Own"

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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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]]> Ready to Sell? 3 Steps to Prepare https://murphybusiness.com/blog/ready-to-sell-3-steps-to-prepare/ Thu, 24 Sep 2020 19:46:02 +0000 https://murphybusiness.com/blog/?p=789 You’ve spent years building your company, but the day has come. It’s time to sell your business. Whether you’re planning to retire, move to a different industry, or reinvest in a new company, selling your current business can be challenging. It’s important to find a buyer who is ready and willing to do right by … Continue reading "Ready to Sell? 3 Steps to Prepare"

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