The Mistake of Focusing Only On Current Business Demands

Estate Planning is an essential part of business planning. It is not unusual for business owners to think much of business plans, entity formation, marketing, and bookkeeping, and give very little thought to estate planning. I believe this is because most new business owners are so consumed with the setting up and day to day operation of their business, that they give little thought to the future. This is a mistake.

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Continuing the Entrepreneurial Journey Theme

In my last article,  The Entrepreneurial Journey, we explored individual passion and making a directed decision regarding our business vision.

  • What is our business?
  • What is our mission?
  • What resources are necessary?
  • What does an ordinary day look like and how do you want to see that improve?
  • Whom do we seek?
  • Why do we seek them and where are they?
  • How are our goals going to be met and are they of benefit?
  • What MOTIVATES me?

That was only the beginning…

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If you are thinking about selling your business in the short term, there are some areas you can improve now that will increase the value of your company to potential buyers. Here are four of the most common things a business owner can do right away.

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