Michael Giuffrida

One of the biggest signs that a company is on the up and up is expansion. If a company is hiring more people, purchasing more equipment, and opening more branches, then it means it is growing, explains Michael Giuffrida of Titan Strategic Partners. Image source: virgin.com  However, business owners should be careful when making decisions for their company’s expansion. Here are a few important points to consider when putting up more branches. Timing is everything : In business, timing is always key. For expansion, the right time depends on multiple factors. Business owners shouldn’t rush expansion. Doing so would risk losing the funding that has been acquired for it. Image source: kiplinger.com No owner, no problem : If a company opens up a second branch, can the branch run without the owner in it? Is the management team capable of handling employees and clients without the top honcho present? These have to be answered in the affirmative, notes Michael Giuffrida. ...

In this day and age, Michael Giuffrida believes that IT training shouldn’t just be an option, but rather a requirement for employees in many companies. He reminds everyone, especially owners of businesses that rely on computers and servers and websites, that through IT training, not only is the company more efficient, but it is also a lot more secure. Image source: analyticsinmotion.com   While technology and the internet have allowed companies to expand and grow like never before, they have also opened the doors for many unsavory individuals who look to get their hands on whatever information they can. Hackers and cybercriminals are in abundance today, and businesses are never truly foolproof. This is why employees need to undergo IT training to secure a business and the sensitive information it holds. IT training involves everything from simple computer program operations to safety protocols of every electronic device connected to the office network. Knowledge gain...

For business owners who are putting their companies on the market, how important is it to resolve all the little problems before entertaining potential buyers?   The short answer is – very.   In many ways, big issues are easier to fix since they stand out and people have a sense of urgency to get them straight.   It’s the little ones that need more attention. Before settling on a price and buying a business, prospective buyers will hire teams of experts and professionals to look closely at what they’ll be acquiring.   This process, often referred to as due diligence, is only standard since businesses don’t come cheap.     Potential buyers will go through all the financial papers, interview employees and clients, and try to look for holes to either not buy the business or pull down its price way below what it was being sold for. Prices of businesses are usually held back and may change if potential buyers find things that were not disclosed by...