What to consider when bringing on outside capital to fund a business

When businesses take a more expedient approach to solving their funding issues, it can be problematic, says Wesley Gillespie, ERIEBANK’s regional president, Northeast Ohio. What works to solve only today’s problem misses the bigger picture and can put the company in a tough situation later on.

Recover your capital investment more quickly through cost segregation

If your company is planning to build, purchase or renovate a building, or has done so in the past several years, a cost segregation study could help boost your cash flow and save your company significant money, says Chris Bzinak, CPA, senior tax professional at Clark Schaefer Hackett.

Dealmaking is a process that offers challenges — and moments to learn

When Steve Marks and I opened the doors of our business, Main Street Gourmet (originally Main Street Muffins) in 1987, we were backed by friends and family who believed in us.  Their early investments got us going until we sold to venture capital in 1996. We, along with a minority owner, bought the business back […]