Turning a Struggling Business Into a Thriving One: How to Buy Smart and Adapt Fast
Buying a struggling business can be one of the smartest — or riskiest — moves an entrepreneur makes. Whether you’re stepping into a faltering retail shop, a service firm with declining clients, or an online business hit by competition, the key isn’t just acquisition — it’s transformation. You’re not buying history; you’re buying potential. TL;DR Before buying a struggling business: Validate why it’s struggling — cash flow, leadership, product-market fit, or outdated systems. Prioritize
The CTA, BOI and FinCEN: What Does this Mean for Pinellas Park, FL Businesses?
The Corporate Transparency Act may require certain U.S. companies to disclose beneficial ownership information to FinCEN, aiming to curb financial crimes. While a Texas federal district court’s preliminary injunction puts this requirement on hold, many experts expect that to be overturned. In that event, failure to file could lead to fines of $500 per day, up to a maximum of $10,000, and possible criminal penalties. Read more for details on how this may impact your business in the future. 1.
