Whether you simply refuse to struggle through one more recession or simply feel that it’s time to wrap it up, your exit is a life event with a bewildering array of options. Assuming you’ve built a business that has real staying power, you could sell it to your employees through an Employee Stock Ownership Plan (ESOP) or transfer it to your children to carry on as a family business. However if your retirement fund is essentially the business, you may want to know that it will produce the cash you will need for the next 10, 20 or more years. And that likely means selling the business to outsiders who will pay cash for it rather than giving it to the kids and hoping for the best.
Contract part-time CFOs: Don’t let them “practice” on you.
Good things happen when employees understand what it takes to make a profit.
Here’s the issue, based on historical statistics: More weak companies will fail once an economic recovery has started than will …
The current issues of CFO magazine (May 2012, p. 32) points out a critical flaw in financial reporting that was …
Costco Connection readers reacted favorably to one of our articles, co-written by Gene and Don Sadler, our PR outreach guy, …
The April 2012 issue of Nonprofit Business Advisor (Wiley Periodicals, Inc.) has an informative article about security concerns for nonprofit …
The February 1 Wall Street Journal (today’s) carries a front page article (“When the Home Bank Closes“) about the founder …
"…three out of four small businesses that applied to banks for credit in 2010 got none or only some of …
Macroeconomic Advisors reported this morning that the US economy added 110,000 private sector jobs last month, a bit more than …
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