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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

Retaining key employees: Stay Bonus

by Andrew Martin Level 12
Business owners often express how hard it is for them to attract and retain talented employees who are key to business operations. I just spoke with a client this morning who told me “we recently lost a very key ...(more)
Comment   |  Jan 21, 2019
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Thoughts on Small Business Succession and Sale

by Carlos P. Sava Level 13
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Comment   |  Dec 14, 2018 from Arlington, VA
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A Financial Advisors Value Add to Small, Closely Held Businesses

by Reed Bermingham Level 18
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)
Comment   |  Apr 27, 2016 from San Diego, CA
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Thoughts on Franchise Businesses

by Carlos P. Sava Level 13
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)
Comment   |  Apr 15, 2016 from Arlington, VA
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A Face Tale

by Carlos Sera Level 20
A FACE TALE “LA CARA”     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)
Comment   |  Sep 24, 2015
4 votes

Risk Management for Business Owners

by Grant Bledsoe, CFA Level 15 Staff Pick
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)
Comment   |  Jun 15, 2015 from Lake Oswego, OR
1 vote

Is an Individual 401(k) Plan Right for You?

by George Cabalu Level 20
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)
Comment   |  Apr 23, 2015
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Which Retirement Plan Is Right for Your Business?

by George Cabalu Level 20
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)
Comment   |  Apr 22, 2015
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Retirement Plans Can Be SIMPLE

by George Cabalu Level 20
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)
Comment   |  Apr 22, 2015
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The Business of Selling - Things to think about when selling your business.

by George Cabalu Level 20
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)
Comment   |  Apr 22, 2015
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Business Succession: Questions You Need to Ask

by George Cabalu Level 20
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)
Comment   |  Apr 22, 2015
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Financial Stewardship for Pastors

by Martin A. Smith, CRPC®, AIFA® Level 19
Comment   |  Mar 06, 2015 from Bethesda, MD
1 vote

Financial Considerations Before You Sell Your Business

by Kristin McFarland Level 19
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)
Comment   |  Mar 05, 2015 from Boston, MA
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Preparing to sell your business–do you have a strategy to follow

by Tim Hayes, AIF®, CRPS®, AWMA®, CFS® Level 20
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)
Comment   |  Jan 26, 2015 from Boston, MA
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Being Undercapitalized Will Kill Your Start Up Business!!

by Theodore Michael Jenkin Level 19
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)
Comment   |  Jul 11, 2014 from Alpharetta, GA
2 votes

Making the Leap OUT of Entrepreneurship

by Jason Hull Level 20
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)
Comment   |  Jan 07, 2014 from Fort Worth, TX
1 vote

Don’t Wait for 10 to 15 Years in Your Job to Question Things

by Jason Hull Level 20
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)
Comment   |  Oct 28, 2013 from Fort Worth, TX
1 vote

Why My Alpha Bias is Towards Entrepreneurship

by Jason Hull Level 20
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)
Comment   |  Aug 30, 2013 from Fort Worth, TX
2 votes

Insurance Needs of Small-Business Owners

by Erin D Eiras Level 15
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)
Comment   |  Aug 01, 2013 from Jacksonville, FL
1 vote

Creating a Capitalization Strategy for Your Business

by Erin D Eiras Level 15
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)
Comment   |  Aug 01, 2013 from Jacksonville, FL
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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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