3 Things Business Owners Should Know to Prepare for Third-Party Sales

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3 Things Business Owners Should Know to Prepare for Third-Party Sales

As a business owner, you’re likely used to having as much control over how the business functions as possible. You’re the go-to person for big decisions, and you own the consequences of those decisions, whether they’re good or bad. This attitude is often good and sometimes necessary for the …

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3 Ways to Position Your Business and Your Family for Future Success

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3 Ways to Position Your Business and Your Family for Future Success

Many business owners support their families through their businesses. If something were to happen to you, such as a sudden death or permanent injury, it may affect both your business and the lifestyles of the people who rely on you. Here are three things you should consider when planning fo …

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Is Your Business Worth as Much as You Think?

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Is Your Business Worth as Much as You Think?

As a successful business owner, you know that your business has value. It likely supports you and your family’s lifestyle. It provides a paycheck and perhaps benefits to the people you employ. The products or services you provide are meaningful to your clients. But if someone asked you how …

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6 Planning Opportunities for 401(k)s in Light of the SECURE Act

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6 Planning Opportunities for 401(k)s in Light of the SECURE Act

By the very name, the SECURE Act – or Setting Every Community Up for Retirement Enhancement Act – is designed to enhance retirement savings. There are several provisions in the new law to help accomplish this goal.

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10 Ways to Prepare for Retirement

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10 Ways to Prepare for Retirement

Are you prepared for retirement? Planning and preparing for your next chapter well in advance is the best way to be ready – financial security doesn’t just happen without careful thought. When you plan ahead, you: Have the luxury of deciding when and how you will retire Know more about your …

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When to Consider Selling Your Business to a Key Employee

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When to Consider Selling Your Business to a Key Employee

Whether it’s because you want to keep the business “in the family” or because you suspect you will not be able to find a good buyer for your business, you might be thinking of selling your business to an employee. The first thing to look for is the kind of employee who can and should …

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Why You Should Include Your Spouse In Key Business Decisions

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Why You Should Include Your Spouse In Key Business Decisions

Sometimes when planning the next chapter in your life, the most important people feel left out. Deciding to transition out of ownership of your business is one of the most important decisions a business owner can make, so it only makes sense to include your loved ones in that planning. How …

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If You Love What You Do, Why Should You Plan Your Business Exit?

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If You Love What You Do, Why Should You Plan Your Business Exit?

Many business owners love the companies they’ve founded, whether it’s because of the work they do, the changes they effect, the money their companies provide, or something else. When you carve out a comfort zone within your business, you might question why you would want to plan for your bu …

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What’s Next for Your Business? Realistic Planning Timelines After Economic Disruption

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What’s Next for Your Business? Realistic Planning Timelines After Economic Disruption

Economic crisis and business disruption make it necessary to revisit the existing plan for the future of a business, and sometimes it becomes necessary to return to the beginning of the planning process and retrace our steps. But how long does that take? Here is an overview of what to expect.

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The Importance of Adapting in Uncertain Times

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The Importance of Adapting in Uncertain Times

Life has already changed under COVID-19 in big and small ways. Think about the restaurants and retail stores that have adapted to accommodate online orders and curbside pickups. Think about shoppers and clerks wearing masks at the grocery store. Think about the number of businesses that hav …

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