Blog

Must You Fire Your Managers to Grow the Business?

Has your business become stagnant and stopped growing?  Could it be your management team?  Must you fire your managers to grow the business?  Building business value is a common goal among business owners. Many successful small business owners find that after years of growth, the company can begin to plateau. It can be frustrating if…
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Gift tax exclusion rules to take advantage of

Gift tax exclusion rules

  This gift-giving season you may be considering giving gifts of cash or securities to your loved ones. Make sure you are aware of the gift tax exclusion rules before doing so. Taxpayers can transfer substantial amounts free of gift taxes to their children and others each year through the use of the annual federal…
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How Long Does Planning for Your Business’ Future Take?

How long does planning for your business' future take?

One of the first questions business owners ask about exiting their businesses is, “Just how long does planning for your business’ future take?” The true answer is it depends. There are many things to consider as you shape your Exit Plan. You might have a business that’s worth $10 million but is overly reliant on…
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What You May Get Wrong About Business Valuations

Business Valuations

Business valuations are important to successful planning. They tell you what your business is worth to a potential buyer. Though business valuations seem simple on the surface, even the smartest and most successful business owners can misinterpret their importance. Business valuations generally tell you two things. First, they tell you whether you can sell or…
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Start your strategic planning for next year early

  Time flies when you’re having fun — and running a business. Although it’s probably too early to start chilling a bottle of bubbly for New Year’s Eve, it’s certainly not too early for business owners to start doing some strategic planning for next year. Here are some ways to get started. Begin with your…
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