Succession Planning for Business Owners
Your business is more than just a venture; it's a legacy. To ensure its story continues beyond your involvement, strategic planning is paramount. You’ve spent years building your business and dedicating your life to its success. What plan do you have in place to ensure its legacy lives on after you’re no longer in charge? If you don’t have one yet, you’re not alone: Over 33 million small businesses call the U.S....
Safeguard Your Assets: Risk Management for Business Owners
How do you minimize financial and reputational risk as a business owner? Starting a business brings all sorts of opportunities. With those opportunities, however, also comes risk. As a business owner, how can you safeguard your assets while ensuring stability in the face of uncertainty? The answers lie in a thorough, well-structured, and proactive risk management plan. Let’s take a closer look at the risk management strategies every business owner should consider to...
Common Business Owner Planning Mistakes to Avoid
You want your business to succeed, but nearly 1 in 4 new businesses fail to realize they’re making these common business planning mistakes. You’ve invested all your time, energy, and money into creating your business to meet your vision. The last thing you want is for it to fail. Unfortunately, many new businesses end up failing pretty quickly. The Bureau of Labor Statistics found that about 25% of new businesses fail in...
Smart Tax Strategies for Savvy Business Owners
Learn how to optimize tax benefits for your business with the right strategies. The entrepreneurial lifestyle provides exclusive advantages to those who choose it: career freedom, significant growth potential, and greater schedule control. It also brings, however, unique tax necessities. While tax planning may not be the most exciting part of running your business, deploying the right business owner tax strategies and deductions can turn thousands owed into thousands saved. Don’t let the...