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As a small business owner, you want to ensure your businesses’ future is secured should you choose to move on or enter retirement. For effective business continuation, entering into succession planning ahead of time can provide the strategy and support needed to keep everything ticking over. As a part of exit planning, succession planning offers…

If you have plans to secure benefits for your employees, taking the correct route can make all the difference. Whether you’re looking to reward existing employees or provide an incentive for new hires, the right employee benefits can be a significant way to improve loyalty and enhance motivation. We cover everything you need to know…

There are some similarities between having a baby and starting your own business. For many people, it takes several months of serious contemplation before they take the plunge to start a business, and that can be like the period of a pregnancy. When you do decide to start that business, you’ll experience the same sleepless…

Many small business owners never expect to retire simply because they never make an effort to understand the actual value of their business. The importance of this information becomes even more apparent when you realize that nearly 70% of business owners have the majority of their wealth invested in their business assets. This means businesses…

When it comes to planning for a key person, one of the most common questions I get asked is “What makes a person a key person?” This really is the fundamental question. Not every person on your staff is a “key person,” so how can you know the difference? There are a few questions to…

Business overhead expense (BOE) insurance is a very valuable safeguard that helps to pay overhead expenses for an insured person in the event that he or she becomes disabled. Any BOE policy will pay out a monthly benefit which is calculated on actual expenses incurred by the business rather than on expected profits. It’s no…

Of the millions of businesses that launch every year, an overwhelming number barely get off the ground. Others gradually fizzle out and close shop after just a few years. Usually, it’s not just one factor that leads to their demise but a combination of missteps and poor decisions. One of the most common reasons is…

As a small business owner, you might feel excluded from the plans your friends are making for the future. This is because working an hourly job gives them the financial stability that isn’t common among small business owners. It can be difficult to plan for anything when you don’t know how much capital your business…

Most people in the business world are familiar with the DISC personality profiling tool. That’s because it’s very accurate, easy to understand, and easy to apply to both individuals and teams. But, what most people don’t realize is that as a team building or hiring tool it doesn’t really give you the whole picture.  We…

Securing funding for a business is among the core challenges of being an entrepreneur. Unless your enterprise has the balance sheet of Google or Microsoft, sooner or later you will need capital infusions to sustain your operations. In fact, lots of large companies occasionally seek capital injections to stay afloat and meet short-term obligations. As…