When it comes to accessing other people’s money, it’s clear that capital has a cost.
It’s pretty safe to say we all have one goal in common, and that is to eventually retire.
When it comes to business succession planning, a lot of business owners tend to put it off.
Did you know that the number one reason why small family businesses fail is because of lack of planning? Without a proper succession plan, your family business may not last beyond your lifetime. In fact, only one third, 34%, of all small businesses have a robust, documented succession plan. Business owners often get caught up working in their business and forget to work on their business.
Learn how to tackle chronic and cyclical cash flow issues that are inhibiting your business growth. Find out how to maximize your assets and make the best financial decisions possible.
Credit cards could be a great financial tool if used properly.
A lot of people don’t have the time or the motivation to do a deep dive into their finances. Learn how to make your cash flow more efficient with the concept of the five areas of wealth transfer. Discover how to identify leaky holes in your personal economic model, build a pool of cash, and achieve short term, intermediate, and long term financial goals. This blogpost explains how to get started with saving and investing your money, and the importance of consistently putting away money to benefit from compound interest. Plus, find out how specially designed whole life insurance policies can help you achieve your financial goals.
Learn how to smoothly transition your family business from one generation to the next in this insightful blog post. As the older generation approaches retirement, the younger generation must take on the mantle of leadership. However, there are numerous issues to consider, including compensation, funding, and legal planning. The post offers practical tips for maximizing the efficiency of your money and finding the funds to buy out the older generation while still growing the business. Find out how one family-owned manufacturing company found $240,000 of annual recurring revenue to fund their exit strategy and gain much-needed cash flow relief.
Learn how to secure your financial future as a business owner by diversifying your assets, reinvesting profits wisely, and planning for retirement. Discover why it’s important to have liquidity and control over your assets and how to avoid being dependent on the sale of your business for retirement.
When you’re making a capital investment in your business. Any way you look at it. You are going to pay a finance cost. And what I mean by that is, if you finance, you’re going to pay interest to the bank or the credit company for the privilege of using their money. But if you pay cash, you are giving up interest that you could have earned on your money. So the question becomes, how can you make that capital investment in your business and still maintain control of your cash?