With the many challenges of today’s economic environment it is easy to overlook the critical task of exit planning. However, at some point: All owners exit their businesses; and when that date arrives, Owners want to exit on their terms; the two most important of which are financial independence and choosing the person or entity [...]
We all know that goals are the heart and soul of success, but even among business executives, the percentage who can describe their personal goals rarely goes above ten per cent. In reality, we do have goals. The problem is that most of them are unconscious, unclear or unproductive. Too often our most important “goals” [...]
Every week we work with business owners helping them create business plans. As advisors, we know that business owners who create business plans are able to react more quickly to new events—events of the past few years in this economy and this world come to mind—than can those without. Unfortunately, even owners who have business [...]
If you are starting a small business, it can be overwhelming to learn about federal tax responsibilities. The following is a list of basic tips to avoid potential problems: -Classify workers properly as employees or independent contractors as determined by law, not the choice of the worker or business owner. -Deposit federal employment taxes, called [...]
Did you ever wonder why one business has buyers lined up willing to pay top dollar while another sits on the market for months, or even years? What do buyers look for in a prospective business acquisition? There are many opinions about what attributes or characteristics buyers seek, but here’s what we know: the characteristics [...]
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