The plain and simple answer how to hire family members for a senior position in ...
There are many people who profess to be financial advisors. How can you know whether ...
The wealth of many baby boomer entrepreneurs is tied up in their business. This ...
The number one challenge for baby boomer entrepreneurs is building a valuable, sellable company for having an enriched life beyond the business. While this challenge is typically acknowledged and communicated by most business advisors, their advice falls short by not offering a comprehensive, systematic approach that motivates and guides the business owner via a step-by-step […]
A research analysis of over 14,000 businesses has identified eight key drivers, which add business value as well as increase potential sellability. Here are three reasons why you should score the eight key value drivers of your business now: 1. Make your business more valuable than that of your peer’s. 2. Discover your business’s particular hidden value […]
Are you a baby boomer entrepreneur trying to decide when and how best to move on from your business, and enjoy the financial freedom and personal happiness you’ve earned and deserve? Here are six reasons why you might want to cash in your business chips NOW. 1. You’ve lost your original entrepreneurial passion and enthusiastic […]
The value of your company is partially determined by your industry. For example, these days cloud-based software companies are considered more valuable printing companies. However, when analyzing businesses in the same industry, there are major variations in valuation. The following are 10 ways that make your business more valuable than peer’s. 1. Recurring Revenues: The more revenues […]
“Don’t hang on too long and don’t let go too soon.” Boomer entrepreneurs often struggle with relinquishing control, and delegating and empowering others. When building a strong and motivated business team, the benefits of delegating and empowering key employees usually outweigh the risks. However, there can be risks to letting go too prematurely, which when they […]
How Pure is Your Financial Advisor? The Question: Why are so many financial firms morally suspect? The Answer: Because their cultures are self-serving, arrogant, and greedy. A creed is “a guiding principle”. All too often the creed of the financial services industry is greed, which leads to grief for many people. While the words “fiduciary […]
Being the owner of a business encompasses certain rights, responsibilities, and risks, which extend beyond those of the non-owner “management ” of the business. This is particularly the case for a founding business owner who invested and risked personal capital for the firm to survive, operate, and grow. In exchange for risking capital, the entrepreneurial […]
One of the most malicious obstacles to achieving a financially successful exit from a business is the taxation of business and personal income and capital gains. Furthermore, often the ultimate tax blow is the estate tax liability. Combine all of the double and triple taxation totaling possibly as high as 90%, the IRS controls the […]
In order to maximize business growth, it’s beneficial to review and analyze what mix of your products and/or services offers the most growth potential with the least amount of risk associated with investing capital in them. It may be warranted to change the mix in order to increase growth and profits. Perhaps certain products and/or […]
As a baby boomer entrepreneur, do you periodically measure your customer/client satisfaction? If so, do you have specific answers to questions such as these: What percentage of your customers/clients are very satisfied with the products/services your business provides? How often, if at all, do your existing customers/clients refer your business to their family, friends, and […]