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.
“A vacation is what you take when you can no longer take what you’ve been taking.”–Earl Wilson
It doesn’t take much reading on this blog or talking to me to discover that I am a big fan of Tim Ferriss’s book The Four ...(more)
“Fail often so you can succeed sooner.”–Tom Kelley
It seemed like three minutes after I hit publish on my interview with entrepreneur Nick Barron, he announced that he was shuttering Flypt.
I’ve been there. I founded ...(more)
Using Your Business to Build Your Retirment Wealth
As a business owner, I receive tons of invitations to seminars, workshops, Chamber of Commerce gatherings, networking meetings, and numerous other opportunities to ...(more)
Creating True Value in Your Business - a Retirement Preparation Strategy
Ask any business owner what they'd like for their business, and most of them will respond with a very simple answer: "More Business!" Look at ...(more)
A self-employed retirement plan is a tax-deferred retirement savings program for self-employed individuals. In the past, the terms "Keogh plan" or "H.R. 10 plan" were used to distinguish a retirement plan established by ...(more)
Steve and John had been friends for a long time. They were the best of friends since thefourth grade when Steve had helped John face down the school bully. They had playedhigh school basketball together, gone to college ...(more)
Putting together an exit plan is about having plans that are flexible and fit your needs. In fact, most of the time we believe that business exit planning and scenario plans go hand in hand.
Scenario planning is ...(more)
I’ve coined a term for those who are involved in exit planning. The term is perma-five. Perma-five is when someone knows they want to leave their business, but at the same time, they also know they can’t afford to ...(more)
What is “exit Planning?”
I have seen several definitions of Exit Planning over the years. One that is most concise and that I like is “the holistic approach to designing an exit strategy for a business owner so that he ...(more)
Every business owner I talk with is always fascinated with ESOP’s. (Employee Stock Ownership Programs.) While these owners are fascinated with the concept of an ESOP almost none of them ever install one in their ...(more)
I recently read a wonderful blog post by Barbara Taylor at the You’re the Boss Blog on the New York Times Site. She was talking about a book that was recently written where the author strongly thinks that children ...(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.