When Business Owners Should Map Out Their Exit Plan

As a business owner, you are in two camps. You are probably thinking about all the things you would like to do once you sell your business You have no active plans to sell your business and haven’t given it too much thought. The two thought processes are distinctively...

What ‘The Great Resignation’ Means For Small Businesses

Companies lucky to make it through the pandemic unscathed now have another challenge:  keeping their top talent.  According to the Pulse of the American Worker Survey by Prudential, business leaders are now faced with possibly the greatest mass exodus of talent ever...

How A Business Owner’s Death Affects The Business and Employees

The Washington Post recently ran a story where a reader wrote in to ask about concerns of the recent death of the business owner. Reader:  I work for a very small luxury travel agency that was already suffering due to the covid-19 pandemic. The owner of the company...

Four Benefits of a Well-Prepared Succession Plan

Running your own business is a rewarding experience.  It can also be terrifying.  The unknowns that come along with ownership are certainly nerve-wracking. I first joined the world of entrepreneurship when I was a teenager.  As a baseball collector during the 90’s, I...