Business Succession Planning Checklist
The business succession process isn’t a “rainy day” task. It’s a living process that you should start as soon as possible. You’ve probably given it some thought and almost figured out how you want to transition your business, but an “almost” succession plan is no plan at all. Fill in the f …
SARS vs. Phantom Stocks
Keeping key employees engaged and incentivizing them to remain with your company can feel like a herculean task. The job market is brutal and getting talent is hard enough, when you find the ones who are key to running your business it is crucial to put strategies in place to incentivize th …
Life Insurance
Nobody likes to talk about their own mortality; however, it is the reality we all face. I have done extensive research and apparently nobody in the entire history of mankind has ever gotten out alive. It is important to understand that life insurance is a crucial aspect of your financial pl …
Buy-Sell Agreements
If something happens to you how will your business survive? And what about your family, since most likely they are depending on your income from the business? How will your heirs monetize the value of your business? A buy-sell agreement is an extremely important strategy that can address …
Strategies to Incentivize Key Employees
When you decide you want to sell your company, whether it is through a merger, acquisition, or IPO, it’s important to consider how best to retain key employees. These individuals have likely played a significant role in the success of your company and losing them could have a negative impac …
Gap Analysis for Exit Planning
Selling your business can be a complex and emotional process, especially when it comes to identifying if you will have enough money after taxes to maintain your lifestyle post-exit. One of the areas in which we have helped guide business owners is to evaluate their situation to determine if …
Nine Business Exit Planning Strategies
One of the most important considerations for business owners is planning for the eventual exit from your business. Whether you plan to retire, sell your business, or pass it on to family members, having a solid exit plan in place can help ensure a smooth transition and maximize the value of …
Getting Personal in Business Planning
This article uses a fictional but representative story to explain how personal planning and business planning often overlap, along with suggestions for how to combine those plans successfully. Click here to read more!
Ready or Not: Why Planning Now Beats Planning Procrastination
This article explains why it’s important for business owners to begin planning now for a future without the business rather than later. It also provides starting points for such planning. Click here to read more!
You Can Run, But You Can’t Hide
This article provides a process to help business owners avoid withholding important information from their advisors regarding their business future. Click here to read more!
How Much Is Success Worth to You?
This article presents the differences between the costs of planning and not planning for a successful business future. Click here to read more!
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Business Succession Planning Checklist
You remember your first day of business. But what about your last day? Succession planning is more complex than it may seem. Our guide walks you through the details.
