What is succession planning for business owners? How does this affect the short and long-term interests of your company and its value? Why should you be concerned about succession planning if you own ...
Jonathan Ponciano is a financial journalist with nearly a decade of experience covering markets, technology, and entrepreneurship. Suzanne is a content marketer, writer, and fact-checker. She holds a ...
In my many conversations with manufacturing industry leaders, succession planning consistently emerges as a critical challenge. When business owners start thinking about succession, it’s often because ...
Talking about death is difficult, but deciding what happens to your belongings afterward is essential. And for business owners, the stakes are higher: Without a plan, both personal assets and a ...
Why Is a Business Plan Important? Starting a business without a plan is akin to embarking on an arduous journey without a map or compass. Here are the key ways a business plan will help your company ...
Succession planning isn’t just about passing the keys—it’s about protecting the legacy, the value and the people behind the business. Unsplash+ Why are so many small business owners stalling regarding ...
Three-fourths of U.S. business owners want to transition to new ownership in the next 10 years—a mass exit that equates to a $14 trillion opportunity, according to my company's 2023 National State of ...
Preparing for the future, especially from a financial standpoint, is crucial for all businesses. Companies need to forecast their revenue and expenses to ensure they remain profitable. Budget planning ...