4 Reasons Business Owners Need a Personal Financial Plan
Failing to separate your business from your personal assets can be problematic in the long run. In this article, we’re sharing four reasons why business owners need a personal financial plan.
Business
How to Protect Your Small Business from Cyberattacks
Businesses are becoming more vulnerable to phishing and ransomware attacks. Therefore, it’s more important than ever to protect your small business from cyberattacks.
Choosing the Right Self-Employed Retirement Account
If you need to select a self-employed retirement account, this guide can help you decide which option is right for you.
How to Build a Business Cash Reserve
A business cash reserve can help protect you from the many challenges entrepreneurs often encounter while running a business.
How to Set Up a 401(k) Plan for Your Small Business
Setting up a small business 401k plan can be a great way to attract and retain key employees. These steps can help you get started.
Fair vs. Equal: Distributing Ownership of the Family Business
When planning their estate, many parents choose to simply divide their assets equally among their children. But distributing ownership of the family business poses a significant challenge.
The Complete Guide to Buy-Sell Agreements
Buy-sell agreements typically aren’t the first thing partners discuss when forming a business. Nevertheless, it’s important to have a formal exit strategy in place when there are multiple business owners in an organization.
Succession Planning 101: Preparing for the Death or Disability of Key Personnel
Death and disability are topics most of us prefer to avoid. So, it’s no surprise that many business owners fail to prepare for the possibility of losing key personnel. Unfortunately, inadequate succession planning can jeopardize the survival of your business. The good news is there are steps you can take to protect your business if …
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5 Steps for Successfully Transferring Ownership of a Business
Successfully transferring ownership of a business isn’t guaranteed. One way to beat the odds is to start planning early.
5 Business Strategies to Help Your Local Business Succeed
While the pandemic had an outsized effect on small businesses, local business owners continually face new and ongoing challenges. Fortunately, there are business strategies you can leverage to help set your local business up for success and overcome future obstacles.
Can Your Business Survive the Great Resignation?
To be sure, not all employers will be impacted equally by the Great Resignation. Nevertheless, understanding worker preferences is essential for attracting and retaining talented employees.
Common Business Practices of Successful Entrepreneurs
While there are many paths to success, the most successful entrepreneurs embrace business practices that allow them to scale, grow, and adapt.