Taking a trip without a map may get you lost, and trying to run a business without a plan is likely to have the same result. Read more. A business plan is a map, your company’s written guide into the future. Not only does a good plan let you know where you are and where [...]
ROBS is an acronym for a relatively new financing arrangement knows as a “rollover as business start up” being touted on the Internet and arranged by some investment firms. Is it a good option for your business? Read more. Typically, a ROBS works like this: You pay a fee to a plan sponsor to [...]
Succession planning is very important for a family-owned business. Before you sit down with your tax and legal advisors to draw up a succession plan, you should think through three key issues: who you want to succeed you, when you want the transition to take place, and how you want to structure the transition. Read [...]