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Articles View: business owners

July 11, 2024
Keep Sight of Personal Priorities

As a business owner, you can often lose sight of your personal priorities and goals as you invest the much-needed time and energy to grow and develop your company. Here are some ideas that might help you keep sight of your original hopes of achieving financial independence by owning your own business.

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May 17, 2024
Unlocking the Power of Deferred Compensation

Here is a strategic approach to retirement planning for today’s executives whose roles entail significant responsibility and compensation. Understanding Deferred Compensation with your financial advisor can help you strategize a plan with this powerful tool, offering executives an array of advantages in securing their financial future.

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May 7, 2024
Getting the Most from Outside Consultants

While your business may benefit from the expertise and insight that an outside consultant can provide, without a focused selection process and procedures in place, it can be a waste of time and money. Here are a few tips for having reasonable and well-defined expectations at the outset.

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February 29, 2024
Adapting Your Business to Changing Times

When the economy fluctuates, business owners do their best to access the situation and adapt. Here are six questions that can help you take stock of your business operations, formulate new strategies, and find innovative resources to help improve the efficiency and economy of your business.

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January 16, 2024
Assess the Health of Your Business

Taking a closer look at your company’s internal operations and external environment may help you avoid costly mistakes, improve your management practices, and refine your long-term strategic goals. There is an analysis tool that can help you hone your business strategy and strengthen your position in the marketplace.

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November 16, 2023
Craft a Giving Strategy for Your Business

How can you give back to your community while improving your bottom line? Regardless of your company’s size and resources, you can find a way to make a difference in your community. This article will give you a few tangible ideas to start you thinking about your own giving strategy.

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September 15, 2023
Business Owner's Plan for Succession

With all of the time and effort you’ve invested into your business, you owe it to yourself to ensure that your business will continue to flourish through developing a business succession plan. When you’re ready to retire or in the unforeseen event such as death or disability, you can help make certain of a smooth transition by considering these key aspects of succession planning.

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May 12, 2023
The Advantages and Challenges of Hybrid Work

The COVID-19 pandemic caused many businesses to adjust and pivot by adopting remote work arrangements. As the world emerges from drastic pandemic measures, there is a growing interest in hybrid work, which combines remote work with in-office work. There are many advantages of hybrid work, along with just as many challenges. With the right planning and strategy, it can be a win-win for everyone.

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September 27, 2022
GRATs: A Planning Tool for Business Succession

Have you heard about the ways to reduce your family’s tax burden while keeping your business intact? With this planning tool you can put all or part of your company’s stock into an irrevocable trust that pays you, the business owner, a fixed income for a specified number of years, being especially useful if a business or estate assets will appreciate in value.

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September 11, 2022
Keeping Sight of Personal Priorities

Many business owners become so engrossed in company operations they inadvertently neglect their personal finances and their own personal priorities and goals. This article explains ways that you can develop strategies with your financial advisor that will help strengthen your personal finances, which can change over time with the growth of your company.

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