People start businesses for many reasons — freedom, unlimited earnings and many others. They frequently overlook the real responsibilities they will have, including their financial future, both their own and that of the business.
The sale of any business is complicated, and selling a small, personal-service business like a farrier practice that is built around developing successful client relationships is even more difficult.
A business sale is composed of two parties exchanging assets that they agree are of similar value. In this case, this usually would mean paying all cash or coming up with some type of a combination of a cash payment plus an earn-out arrangement when purchasing a farrier business.
I recently was reminded how things in the business world can change without much notice.
I took my trusty old truck in for some service. When I dropped it off, my mechanic said that he had some bad news. Now, that’s scary when he hasn’t even looked at the truck! The bad news was that North Carolina had expanded its sales tax laws to include labor charges related to repairs, maintenance and installation of a number of products.
Credit is a lot like a chain saw. Used wisely and carefully, it can be highly productive and make operations easier. However, used carelessly and foolishly, the results can be devastating, even deadly, and take a long time to overcome at a high cost.
In response to numerous complaints from workers alleging they are misclassified as independent contractors, the United States Department of Labor recently issued an interpretation of the Fair Labor Standards Act (FLSA).
People start businesses for many potential reasons — freedom, unlimited earnings and many others. They frequently overlook the real responsibilities they will have, including their financial future, both their own and that of the business.
People start businesses for many potential reasons - freedom, unlimited earnings and many others. They frequently overlook the real responsibilities they will have, including their financial future, both their own and that of the business.
In this episode, Arizona farrier Eric Billingsley shows the 4-Star gooseneck trailer and truck he relies on to navigate the hilly, desert country he calls home. He purchased and designed that trailer about 20 years ago and it continues to provide Billingsley and his apprentices with business efficiency and peace of mind.
Life Data Labs Inc. is a dedicated product manufacturer committed to producing premium quality animal nutrition and health products through continuous product improvement and new product development. First-class ingredients, fresh products, consistent high quality and scientifically proven effectiveness are the principal features of Life Data Labs animal health products. And that's why they've produced the #1 recommended hoof supplement by farriers for 12 consecutive years.
From the feed room to the tack room, SmartPak offers innovative solutions to help riders take great care of their horses. SmartPak was founded in 1999 with the introduction of the patented SmartPak™ supplement feeding system. The revolutionary, daily dose SmartPaks are custom-made for your horse, individually labeled and sealed for freshness.