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Articles in Business Financial Planning

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.
0 votes

Starting Your Own Business May Make You Happier

by Jason Hull Level 20
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)
Comment   |  Jul 25, 2013 from Fort Worth, TX
1 vote

When Private Equity Comes Calling

by Steven L. Dick Level 17
You’re sitting at your desk, debating whether to order Chinese or a pizza for lunch, when the call comes. A private equity firm has your company in its cross-hairs, and the caller wants to chat. It’s not a mistake. ...(more)
Comment   |  Jul 11, 2013 from Greeneville, TN
1 vote

If You Sell a Business Prior to Retirement, How Do You Know if the Price is Right?

by Steven L. Dick Level 17
Deciding if, when and on what terms to sell your business may be among the most important – and difficult – decisions you will make as you near retirement. That’s why it’s crucial to understand your company’s current ...(more)
Comment   |  Jul 11, 2013 from Greeneville, TN
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Five Reasons Why You Should Provide Phantom Equity for Your Employees

by Jason Hull Level 20
What you’d like your company to be worth. “Control your destiny or somebody else will.”–Jack Welch You’ve probably heard the stories of how random secretaries from Microsoft or Facebook became gazillionaires because ...(more)
Comment   |  Jul 10, 2013 from Fort Worth, TX
7 votes

What is the Best Retirement Plan for Your Small Business?

by James Shagawat, MBA, CFP®, ChFC® Level 18
  Self-employed people have several special retirement plans from which to choose, including a Simplified Employee Pension (SEP), a Keogh, a SIMPLE, or an individual 401(k). All of the plans allow you to deduct your ...(more)
Comment   |  Jun 20, 2013 from Fair Lawn, NJ
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Side Gigs and Real Options

by Jason Hull Level 20
Pull yourself up by these! “I am a bootstrapper. I have initiative and insight and guts, but not much money. I will succeed because my efforts and my focus will defeat bigger and better-funded competitors. I am ...(more)
Comment   |  Jun 20, 2013 from Fort Worth, TX
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Side Gigs and Real Options

by Jason Hull Level 20
“I am a bootstrapper. I have initiative and insight and guts, but not much money. I will succeed because my efforts and my focus will defeat bigger and better-funded competitors. I am fearless.” –Seth Godin Pull ...(more)
Comment   |  Jun 20, 2013 from Fort Worth, TX
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Five Tips for Budgeting Your Taxes If You Are Self-Employed

by Michael Kothakota, CFP®, AFC®, CDFA™ Level 17
No one will claim that the tax code is simple or easy to understand.  This is even more true for the self employed. If you work for yourself it’s likely that you wear many hats.  Switching between the IT guru, the ...(more)
Comment   |  Jun 15, 2013 from Apex, NC
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Tax Accounts for Your Business

by Jason Hull Level 20
Mental accounting in a picture “I try not to be surprised. Surprise is the public face of a mind that has been closed.”–Bernard Beckett In my previous company, when we started out, we flew by the seats of our pants. ...(more)
Comment   |  Jun 13, 2013 from Fort Worth, TX
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Why Didn’t My Company Grow Bigger Faster?

by Jason Hull Level 20
Blood and tears too. “By working faithfully eight hours a day you may eventually get to be boss and work twelve hours a day.”–Robert Frost I was fortunate enough to be able to cofound a company which, seven years ...(more)
Comment   |  May 08, 2013 from Fort Worth, TX
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When Do You Need to Write Your Business Plan?

by Jason Hull Level 20
Unnecessary? “If it really was a no-brainer to make it on your own in business there’d be millions of no-brained, harebrained, and otherwise dubiously brained individuals quitting their day jobs and hanging out their ...(more)
Comment   |  Apr 29, 2013 from Fort Worth, TX
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Your Business is Always for Sale

by Jason Hull Level 20
This is always in your shop window “Art is making something out of nothing and selling it.”–Frank Zappa “Everybody has a price.”–Ted “The Million Dollar Man” DiBiase When the founders of our company had our first ...(more)
Comment   |  Apr 22, 2013 from Fort Worth, TX
1 vote

Selling Your Business: Taking Stock – Arrangements That Will Serve You Best

by Steven L. Dick Level 17
If you are considering selling your business – or if the sale is already in progress – you may need to think fast to ensure that the transaction’s structure will benefit you in the long term.   If you have not yet ...(more)
Comment   |  Apr 01, 2013 from Greeneville, TN
1 vote

All in the Family: It’s Never Too Early To Plan the Future of Your Family’s Business

by Steven L. Dick Level 17
Family-owned businesses make up 90% of all business in the United States. What’s more, 70% of them are managed by the ownership family, and they employ nearly 60% of the U.S. workforce to produce about 50% of GDP. ...(more)
Comment   |  Apr 01, 2013 from Greeneville, TN
1 vote

When You’re Ready to Sell, Planning Takes Precedence to Ensure a Smooth Transaction

by Steven L. Dick Level 17
A lot of hard work and planning go into building a business. And when the time comes to sell it, planning is just as important to help ensure things go as smoothly and as profitably as possible. You’ll need to enlist ...(more)
Comment   |  Apr 01, 2013 from Greeneville, TN
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Eight Reasons Why I Don’t Sign NDAs at Our First Meeting

by Jason Hull Level 20
“Secrecy is the enemy of efficiency, but don’t let anyone know it.”–Ric Ocasek In my last company, I signed NDAs all of the time. There were a couple of reasons that I did so. Firstly, we were in a competitive ...(more)
Comment   |  Mar 29, 2013 from Fort Worth, TX
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Build Your Business to Finance Your Apocalypse Fund

by Jason Hull Level 20
“‘Someday’ is a disease that will take your dreams to the grave with you.”–Tim Ferriss Tim Ferriss recently appeared on the Hulu show A Day in the Life, and one of the snippets of his day was advising a startup which ...(more)
Comment   |  Mar 28, 2013 from Fort Worth, TX
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Five Things Salespeople Can Learn From 419 Scammers

by Jason Hull Level 20
“The money’s the same, whether you earn it or scam it.”–Bobby “The Brain” Heenan Recently, Microsoft conducted a study of Nigerian scam e-mails to determine why the e-mails are so blatantly, obviously illegitimate. If ...(more)
Comment   |  Mar 22, 2013 from Fort Worth, TX
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Small Business Debt is Debt Too

by Jason Hull Level 20
“It’s one of those things; you just get a very nice stroke from being included in the next thing.”–Andreas Katsulas In my previous startup, when we started it took many months before we got our first big break. Then, ...(more)
Comment   |  Mar 08, 2013 from Fort Worth, TX
2 votes

A Charitable Remainder Trust Can Help Others – And Owners – When Selling A Business

by Steven L. Dick Level 17
When most people think about selling a business, the most obvious way is to sell the stock to a buyer, then invest the proceeds to produce income for the seller. But there are capital gains to consider – which ...(more)
Comment   |  Mar 01, 2013 from Greeneville, TN
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