It’s crucial as a business owner to identify opportunities and minimize risks when selling your small business. In this article, we’re sharing five estate planning tips for business owners to consider before exiting your small business.
These five habits can help you retire a millionaire without relying on proceeds from the sale of your business to fund your retirement.
Brett interviews April Elaine Powell, founder of ID. +Collective in Portland, Maine, an organization that gives small to medium-sized businesses in the hospitality, retail, and wellness industries a one-stop solution for their design and business development needs.
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.
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 …
Succession Planning 101: Preparing for the Death or Disability of Key Personnel Read More »
Brett interviews Nikki Hinske, co-founder of Hinske & Clarey, a CPA firm based in Charleston, South Carolina. As a CPA and business owner, Nikki provides valuable advice and resources for small to mid-size businesses within a variety of industries.
Brett Fellows Welcome Nikki Hinske to The Retiring Entrepreneur Podcast. I am very excited to have you here today, my friend. Nikki Hinske It’s good to be with you. Brett Fellows Absolutely. Why I wanted to have you on is I’m so appreciative of what it is that you do. You are co-owner of Hinske …
Episode 15 Transcript: CPA Nikki Hinske Shares Her Tips for Long-Term Financial Success Read More »
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.
Though seller financing has its advantages, there are potential risks involved. Understanding the pros and cons of seller financing your small business sale can help you determine if it’s the right exit path for you.
Valuing a publicly traded company is easy; you simply multiply the company’s stock price by the number of shares outstanding. Unfortunately, determining the value of a privately owned business isn’t always so transparent. And if you operate a niche business, the valuation process can be even more complex.
As a business owner, you’re constantly balancing competing objectives. The good news is there’s a solution that can help you achieve multiple business goals concurrently.
Brett explains why obtaining a quality business valuation can improve your likelihood of exiting your business successfully—and why you may not want to wait until you’re ready to retire to get one.
