It’s easy to think of lenders as doing your company a favor. But business financing relationships are just that: relationships. Yes, a lender has the working capital you need to grow. But a stable, successful business represents an enormously beneficial opportunity for the lender as well. So you should […]
In business, and in life, among the most important ways to manage risk is through insurance. For certain types of companies — particularly start-ups and small businesses — one major threat is the sudden loss of an owner or hard-to-replace employee. To safeguard against this risk, insurers offer key […]
When considering the purchase of an existing business, there can be many advantages, such as economies of scale, growth potential and cultural and corporate synergies. These are all great reasons to consider such a transaction. However, many people don’t take time to consider the many pitfalls that could derail […]
Would you ever try to sell your house before fixing the worn out floorboards, sprucing up the landscaping and applying a fresh coat of paint? Nor should you approach selling your company without first making the proper preparations. The following simple steps can enhance the value of your company […]
Like many businesses, yours may allow retirement plan participants to take out loans from their accounts. Such loans are governed by many IRS and Department of Labor (DOL) rules and regulations. So if your company offers plan loans, your plan document must comply with current laws — including setting […]
Many companies reach a point in their development where they could benefit from an advisory board. It’s all too easy in today’s complex business world to get caught up in an “echo chamber” of ideas and perspectives that only originate internally.
For many business owners, an understandable first question about […]
Some business owners make major decisions by relying on gut instinct. But investments made on a “hunch” often fall short of management’s expectations.
In the broadest sense, you’re really trying to answer a simple question: If my company buys a given asset, will the asset’s benefits be greater than its […]
Most business owners spend a lifetime building their business. And when it comes to succession, they face the difficult decision of whether to sell, dissolve or transfer the business to family members (or a nonfamily successor).
Many complicated issues are involved, including how to divvy up business interests, allocate value […]
Like the Pensacola Blue Wahoos and Maritime Park Staff, our team is passionate in what we do and we believe in sharing our success with the local community.
Mort O’Sullivan, founding Member of Warren Averett’s Gulf Coast Division, played an integral role in establishing the Pensacola Maritime Park. Warren Averett is proud to […]
Nearly every business owner wants to grow his or her company. But with growth comes risk, and that can keep you from taking the steps necessary to move forward. Yet if you don’t think big and come up with a long-term strategic plan, you’ll likely continue to spin your […]