![](https://images.squarespace-cdn.com/content/v1/645d3a0b9b943a0bb60ab97c/c044b7aa-7b18-46fa-8f99-d99f9fe5dc17/_9c794536-3ee4-4510-9163-f056f1355012.jpeg)
Unlocking Your Entrepreneurial Legacy BLOG
Are you an entrepreneur contemplating transitioning from your business within the next decade? Whether you envision a third-party sale, employee buyout, family succession, or even winding down, it's vital to approach this pivotal phase correctly.
Discover the art of optimizing your business's purchase price, orchestrating a seamless ownership transition, minimizing tax obligations, and establishing a robust foundation for yourself and your enterprise to thrive.
Within our platform, you'll uncover a treasure trove of ingenious strategies, insightful ideas, and invaluable tips aimed at propelling you and your business toward the finish line and far beyond it.
"Transitioning Your Business to the Next Generation: 6 Essential Characteristics for Success"
Discover the six essential characteristics for successfully transitioning your business to the next generation. From visionary thinking to a strong sense of responsibility, these inherent traits determine the future success of your business. Explore the challenges and uncertainties of passing the torch and learn how to foster and support the next generation for a prosperous transition. Seek expert guidance and implement proper succession planning to ensure a smooth transfer of leadership. Assess the heir-apparent's capabilities objectively to make informed decisions.
20 Hard Questions to Ask Yourself When Selling Your Business"
Discover 20 hard-hitting questions to ask yourself before selling your business. Evaluate your motivations, market conditions, value, and post-sale plans. Assess the impact on employees, resolve financial and legal obligations, and consider deal structures. Navigate risks, negotiations, and documentation. Maximize value, seek professional advice, and prepare backup plans. Increase your chances of a successful and rewarding business sale.
Laughing All the Way to the Grave: Idiot-Proofing Business Succession and Estate Planning
Secure your financial future and leave a lasting legacy with business succession and estate planning. Factor in taxes, expenses, and dreams for your fortune. Minimize uncertainty and create a proper estate plan. Discover the elusive "never-spend money" and unleash your philanthropic potential. Embrace the journey with humor and guidance. Take charge, secure your legacy, and enjoy the ride of financial success.
Beyond Compensation: Why Employees' Social Consciousness Matters in Hiring and Retention
Attract top talent by appealing to their social consciousness. Embrace corporate social responsibility, go beyond greenwashing, make strategic charitable donations, foster employee pride, leverage charity for brand building, address misalignment, and explore becoming a B Corporation. Stand out, create a desirable workplace, and attract passionate advocates who care about your company's success.
Would You Want Your Ex-Partner's Spouse and Their Lawyer as Your Business Partner?
Protect your business's success and continuity with buy-sell insurance. Discover the benefits of this crucial coverage, including affordability, simplicity, prevention of unfavorable scenarios, mitigation of emotional turmoil, and avoidance of legal battles. Regularly reassess and update coverage to align with your business's growth. Prioritize buy-sell insurance to safeguard your business, partnerships, and financial future.
7 Reasons Why Keyperson Insurance is Strongly Recommended for Your Business
Discover the importance of key person insurance for your business. Protect against the financial impact of losing a crucial employee and ensure stability in times of crisis. Learn about its benefits, how it differs from buy-sell insurance, and reasons why your business needs it, including financial stability, investor confidence, employee morale, and asset protection. Take proactive steps to safeguard your business's future with key person insurance. Contact us for more information.
"Unlocking Success: 5 Key Questions to Ask When Selling Your Business"
Get valuable insights on selling your business. Explore key questions to address before selling, such as determining the right time, assessing personal readiness, understanding buyer preferences, increasing business value, and planning for life after the sale. Prepare your business for a successful transition and maximize its selling price. Don't overlook the psychological impact of letting go and transitioning to new ventures. Find answers to these important considerations to navigate the selling process effectively.
8 Smart Ways Business Owners Harness the Power of Life Insurance
Discover eight clever uses of life insurance that can revolutionize your approach to this essential financial tool. Explore tax-effective planning, key employee retention, obtaining third-party financing, creditor protection, equalization for children inside or outside the business, succession planning, share freeze strategies, and minimizing taxes when selling your business. Unlock the strategic opportunities and benefits that life insurance offers for wealth building, retirement planning, and more.
10 Ways to Build Wealth in Your Business To Fund Your Exit Strategy
Discover strategies, tips, and ideas for business owners to optimize financial gains, safeguard long-term plans, and create a comprehensive business wealth management strategy. Explore managing the unexpected, initiating succession planning, minimizing tax obligations, exploring alternative capital solutions, establishing an individual pension plan, retirement plans for business owners, corporate charitable giving, optimizing profit allocation, safeguarding assets from creditors, and implementing a health care spending account. Enhance your financial situation and explore opportunities for business growth and protection. Subscribe to the blog for valuable insights and updates.
"Unlocking the Small Business Capital Gains Exemption: Is Your Business Eligible?"
Learn about the Small Business Capital Gains Exemption (SBGE) and the conditions that must be met for business owners to qualify. Understand the rules regarding ownership of shares and the use of corporate assets. Discover remedies for corporations that don't meet the 90% rule, such as purification and asset distribution. Be aware of the implications of selling shares to non-residents or public corporations. Obtain professional advice for complex planning and ensure compliance. Contact us for assistance and share this valuable information with others.