No company can survive without a capable owner, executive, or shareholder at the head of the business. In the event of a key member’s sudden death, illness, or retirement, businesses are often left scrambling to recover lost assets and find a replacement. Large corporations and small businesses alike can avoid a rough...
Category: Business Succession Planning
How Your Small Business Can Benefit from a Business Succession Plan
The U.S. depends on small businesses as an integral part of keeping the economy strong. Small businesses create jobs. They foster innovation and the entrepreneurial spirit. The fact is, however, that running a small business is not for the faint of heart. It is a difficult endeavor and one that small business...
Why Plan for Business Succession?
Planning for core changes among a business’s key players is essential to help ensure its longevity. A business is not often placed in such a strong cone of uncertainty as when business leadership is up in the air. To calm the rough waters that can be in place when a business’s leadership...
Choosing a Business Structure
When you start out on your business journey, there are going to be many decisions to make. In fact, it may feel like a never-ending to-do list of business decisions you need to make. Thus is the nature of being an entrepreneur, right? One of the biggest decisions you will make, however,...
Stop Your Business from Getting Sued
We pour so much of ourselves into our businesses. We put our energy, our money, and our time into them, and so much more. Unfortunately, even the most rapidly growing and thriving businesses can be hit hard when a lawsuit lands in their laps. A lawsuit can not only risk the...
Do You Have a Business Succession Plan in Place?
We pour ourselves into our business. Our time, our money, and so much more goes into building up a successful enterprise and seeing it thrive throughout the years. For all that we put into our businesses, it is surprising that so many people continue to operate their businesses without a business...