The Business Owner Will Exit Their Business, One Way or Another
When discussing business exit planning, there are some interesting statistics: 100% of business owners will leave their businesses, whether planned or otherwise; 79% pf business owners plan to exit their businesses in the next 10 years or less; 80% of owners believe that a successful exit will result from planning and action items they implement. But here is the catch – only 17% of owners have created a written plan… and often it takes 3 to 5 years to develop one.
Preparing for an Unexpected Fatal Illness
Alright, I could think of many other topics to discuss with you that are more positive than this one, but this subject is an important one. We all may face a serious illness at one point or another in our life, and certainly our life will end eventually.
Handling Sudden Wealth: A Guide to Protecting, Managing and Utilizing Sudden Wealth
If you are a person that has just had the experience of a “sudden wealth” event, congratulations and be careful. The experience of sudden wealth, whether it is a sizable inheritance, a legal settlement, a business-related windfall, or a lottery win, is a life changer. It can be a blessing or a curse depending on how well you prepare yourself emotionally and financially. Sudden wealth requires careful consideration and planning.
Family Legacy Development: The Anatomy and Importance of Family Meetings
The expected wealth transfer from the baby boomer generation to the millennial generation is expected to be massive. According to a 2019 article from the “Business Insider”, the Great Wealth Transfer will see an estimated $68 trillion passed down from boomers over the next 30 years.
