Business Posts

Business continuity planning is often associated with worst-case scenarios: cyberattacks, natural disasters, loss of building access, utility failures or the unexpected departure of a key employee. Preparing for those events is important. But busin…

Creating a financial plan is one step. Staying aligned with it as your business and personal circumstances change is another. Business owners frequently operate in an environment where decisions need to be made quickly and competing priorities dema…

A business can change considerably over 10 years. Revenue may increase, the team may expand, ownership may become more complex and the company may move from survival mode to a more stable stage. But an owner’s personal financial plan does not alway…

Every dollar a business generates creates a decision. An owner can put that dollar back into the company, use it to compensate themselves or move it outside the business to help build personal wealth. Thinking about those decisions through three c…

Business ownership involves uncertainty. Over a five- or 10-year period, an owner may encounter an unexpected personal event, business disruption, competitive change or simply a shift in their own priorities. While those events may be difficult to …

For many business owners, the business is more than a source of income. It may represent years of work, a significant portion of their net worth and an important part of how they envision their future. Yet business planning and personal financial p…