As a business owner, you are probably facing many issues that fellow business owners have dealt with. Read on to learn how financial advisors specializing in business financial planning would answer these questions.
I’ve been working of recent with a few new clients – owners of highly profitable businesses which they have started from the ground up into successful, lucrative enterprises that at this point comprise a large portion ...(more)
I recently spent time evaluating an early stage small business offering a franchise model. Without getting into specifics, I want to share a couple of lessons relating to wealth creation, from both the franchisor and ...(more)
A FACE TALE
This tale isn’t about investing in markets. This tale is about hiring an employee, and not just any employee, but the type of employee you need when you must replace yourself. The same ...(more)
Owning a business comes with a certain amount of risk. Some risks can be mitigated, some can be transferred to insurance companies through liability policies, but others are unavoidable. To protect their personal ...(more)
If you can answer “yes” to either of the following questions, then maybe it is: “Are you the sole employee of your business?” or “Does your business employ only you, your co-owners, and spouses?” Chances are – even if ...(more)
Which Retirement Plan Is Right for Your Business?
If you own a small business, there are many retirement plan alternatives available to help you and your eligible employees with retirement planning. For most ...(more)
Retirement Plans Can Be SIMPLE
If you’re a small business (or a self-employed individual), there are many retirement plan alternatives available to help you and your eligible employees plan your financial future. One ...(more)
The Business of Selling
If you’ve been thinking about selling your business, you should put a solid sales plan in place even if you don’t act on it right away. According to Fred S. Steingold, business attorney and ...(more)
Business Succession: Questions You Need to Ask
Do you have a business succession plan? Life-changing events or retirement can bring on some tough choices.
It’s not unusual for business owners to find a majority of ...(more)
Selling your business is a major financial decision and one you shouldn’t rush. There are a number of considerations to keep in mind prior to beginning the selling process. It’s important to sit down with your ...(more)
Have you created a company that someone will want to buy? Your children won’t necessarily want to take over your business, so an exit strategy is essential to getting the outcome you want. You must prepare your firm for ...(more)
It’s always exciting to think about the idea of having your own new start up. You hear about stories where entrepreneurs started with just $300 and a cardboard box and then turned their business into millions. In ...(more)
Leads go in and money comes out, right?
“No problem is so formidable that you can’t walk away from it.”–Charles Schultz
“Insanity: doing the same thing over and over again and expecting different results.”–Albert ...(more)
Why won't you play with me? Huh? Huh? Huh? “I cannot help fearing that men may reach a point where they look on every new theory as a danger, every innovation as a toilsome trouble, every social advance as a first step ...(more)
Nature’s alpha bias
“Business opportunities are like buses, there’s always another one coming.”–Richard Branson
I have run the gamut of investing successes and failures. I’ve had some pretty hairy failures in ...(more)
As a business owner, you understand that your business is too valuable to risk exposure to a loss that could be avoided or minimized by the right forms of insurance. Which coverage you need depends on the nature of the ...(more)
Creating a capitalization strategy requires an understanding of many things, including the business activities your company plans to finance, estimates of how much these activities will cost, and knowledge of ...(more)
Two future entrepreneurs?
“Entrepreneurship is the last refuge of the trouble making individual.”–Natalie Clifford Barney
When I started my business, I had a rather naïve idea of what it would be like. One of the ...(more)
Information is provided 'as is' and solely for informational purposes, not for investment purposes or advice. BrightScope is not a fiduciary under ERISA. BrightScope is not endorsed by or affiliated with FINRA.