Business

Liquidity & Diversification Strategies for Entrepreneurs

Liquidity & Diversification Strategies for Entrepreneurs

Many successful entrepreneurs fund their small businesses with personal capital. It’s also common to reinvest earnings to support growth. If you’ve taken this approach in your own privately-held business, it’s likely because you anticipate a future payoff. For instance, funding your eventual retirement by selling your share. And while there’s nothing inherently wrong with this …

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The Entrepreneur’s Roadmap to Retirement Part 1: Make Saving a Priority

The Entrepreneur’s Roadmap to Retirement Part 1: Make Saving a Priority

As an entrepreneur, you likely have a vision for your business. However, you may not have thought about your end goal. In other words, do you want to eventually exit your business and retire? If your answer is yes—or even maybe—you’ll want to ensure you’re financially prepared for your transition from business owner to retiree. …

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The Seven Step Exit Planning Process

Seven Step Exit Planning Process

There is a “recipe” for creating a successful intergenerational transfer. It isn’t the only recipe that works, but because it depends on six carefully chosen ingredients, its chances for successful completion are greater than others. If any of the following six ingredients is compromised, or worse still, missing, the result will change. Ingredient 1: Parents must …

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Identifying “The Gap”

value gap

Business owners have a lot of information at their fingertips. There are calculators and assessments available for just about every aspect of your business and personal situation. As a result, many business owners think they have an accurate idea about the value of their business. They may even think they have an idea of where …

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Getting the Results You Want

Business Exit Planning

As you consider your business exit, you may find that approaching it alone is prohibitively challenging. You may also find that some of the advisors with whom you’ve worked don’t have all of the skills, tools, and strategies necessary to help you exit on your terms. While planning for your future is the key, you know that results are …

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How Business Owners Are Approaching Their Futures

Future Business Planning

As a business owner, you know that planning is crucial, and that the new year is typically when you implement new strategies. As the new year begins, many business owners have begun to examine what they’ll do, if anything, about the long-term future of their businesses. Winston Churchill once said, “Failing to plan is planning …

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Friction Between Business Owners

Ending Business Partnership

All business partnerships eventually come to an end when one or more partners leave the business, whether by choice or otherwise. Being prepared for the end of the partnership decreases the possibility of unwanted challenges between co-owners down the road. Common Reasons Why Partnerships End Co-owners share a unique relationship. They have built a company …

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How to Be Sure You Are Leaving Your Business in Good Hands

Business Buyer

Most business owners are considering several options for the future of the ownership of their businesses. If you’re keeping your options open, that is typical. But business owners who end up selling their businesses to an outside, unrelated buyer often report that they wish they had known more about what the sale process would be …

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