Categories for succession planning

Addressing Fraud: A Plan to Avoid the Emotional Reaction

by | October 2, 2012

Fraud is committed in small businesses every day.  Some industries, such as retail and restaurants, are more susceptible than others but it happens everywhere.   Yet most business owners do not believe it will happen to them.   We know that the key element is to put in place key controls to deter and expose fraudulent behavior.... View Article

Valuation: Why does a business need one?

by | April 2, 2012

In our discussions with business owners around exit planning and succession planning, one key area seems to consistently trip them up.  That is “valuation.”   We all generally understand that a company has some value, but how to determine that value can be tough to comprehend.  A lot of the confusion comes from the emotional value... View Article

Effective Succession Planning

by | March 13, 2012

Our guest blog post this week is from Ryan P. Scott. Ryan is a Financial Representative of Principal National Life Insurance Company and Principal Life Insurance Company. Your business is not just your pride and joy but a major source of income for you, your family, and your employees. While the business is a large... View Article

How The Exit Deal Is Done

by | March 5, 2012

When talking with business owners about exit planning, most of the big questions revolve around the buyer and the price.  These are the most obvious components but, as they say, the devil is in the details and the details often come out in the deal documents.    In this post, I’ll share a bit about the... View Article

Bring in the Next Generation

by | December 13, 2011

Our guest blog post today comes from Kris Gray, Founder and Director of Business Financial Planning, and Jodi Giles, Director of Legacy Planning, at Integrity Financial Corporation. They share why the current lifetime gifting limits make now an ideal time to transfer ownership to the next generation in a company. Small and medium sized family... View Article

Nothing is certain except death and taxes…

by | December 6, 2011

 “‘In this world nothing can be said to be certain except death and taxes.”  In considering Benjamin Franklin’s familiar words, can you say what would happen to your assets and your loved ones if you died unexpectedly? You might think you don’t need a will because you are young and healthy or perhaps you don’t... View Article