Ever wondered why business insurance is such a vital tool for business growth? We're unlocking the complexities of this topic with Mary, the brains behind Gild Insurance. Listen as she carefully deconstructs the importance of business insurance, using tangible real-life examples to show how a lack of understanding can lead to quick decisions, especially when a lease agreement calls for proof of insurance. We'll also cover the nitty-gritty of general liability, property insurance, and workers' compensation.

We also shed light on the cost of business insurance and how your everyday operations and contracts can spark the need for coverage. Mary shares insights about how insurance costs can differ based on location, types of protection, and other variables. We emphasize the significance of annual insurance reviews and discuss how Mary’s team proactively checks in with clients to review their business changes. We'll also delve into how independent insurance agents can lighten the load for business owners. Plus, we'll explore Gild Insurance's commitment to empowering small businesses. So get ready for a rich understanding of business insurance for small businesses – it's a conversation you don't want to miss!

Ever wondered if your small business can be sold? Rest assured that it's not only possible, but can bring significant returns when done strategically. Join me, your host, Stefanie, as we delve into an insightful conversation with Dylan, co-founder of Baton, breaking down the steps and strategies crucial to sell a business effectively.

This episode promises to demystify the process of selling a business, emphasizing the importance of understanding your financials, even if you're not a finance guru. We uncover key factors such as customer concentration, tax compliance, and how size influences the ability to sell your business. Dylan provides invaluable insights into getting an accurate business valuation and finding the right buyer, even handling situations where the valuation might be lower than expected.

But selling a business isn't just about numbers or finding buyers; it's a journey that often springs unexpected surprises. We discuss the time and effort involved, the critical role of a good business broker, and the importance of having a professional team by your side throughout the process. And as we wrap up, we shed light on how customer relationships, industry, and even one's motivation can impact the sale. You'll come away better equipped and confident to embark on the journey of selling your business. Tune in, and let's get started.

Strap in as we journey through the fascinating world of invoice factoring with the help of my guest, Earl Camp from Now. Earl, an authority in business development, breaks down this potent alternative financing method for us. Imagine being able to exchange your invoice or accounts receivable for immediate cash. Yes, you heard it right! This time-honored technique, which was traditionally the realm of retail and large-scale businesses, is now within reach of smaller companies. As Earl reveals, this could be the key to sustaining your business operations without the agonizing wait for invoice payments. 

In the second half of our discussion, we lift the veil off hidden fees and the process of qualifying for this type of financing. Earl and I debunk the misleading idea that profitability isn't vital for small businesses. We also take a hard look at recourse and non-recourse solutions, and the potential risks that invoice factoring can bring to your business. Get ready for an enlightening conversation that could change the trajectory of your entrepreneurial journey—whether you're a seasoned business owner or a fledgling one. Don't miss out on this chance to unlock the secrets of a financing solution that's as old as time yet as relevant as ever.