Insurance brokerage is a growing business. In the US, for example, there are nearly 220,000 insurance brokerage firms. The industry employs some 1,232,000 people and generates total annual sales of over $355 billion. Most insurance agencies are small businesses with an average staff of 6 and annual revenues of around $1.8 million. These businesses continue… Continue Reading
Need a business valuation for a bar, pub or a microbrewery? Consider this: Over 50,000 bars, pubs, microbreweries and night clubs compete in the US alone. These businesses tend to generate good cash flow and attract loyal customer following, especially if the bar concept focuses on a particular demographic. With health benefits of moderate wine… Continue Reading
While business valuation is hardly black magic, 3 common myths do need dispelling: Myth 1: There is only one way to appraise a business. Not so. In fact, there are three ways, known as approaches, to determine the value of a business. Each has strengths and drawbacks. That’s why a well-prepared business appraisal uses a number… Continue Reading