How to Talk to Your Family About Business Succession

Benjamin Franklin famously quipped, “If you fail to plan, you are planning to fail.” From the very beginning, you had a plan for your business to succeed. You set goals and developed methods to achieve those goals. Your business has stood the test of time because you anticipated problems and solved them. But if your […]

Key Person Insurance: What Is It and Do I Need It?

We protect what we value most with insurance. Car insurance and home insurance ensure that we can financially survive a major property loss. Life insurance pays money to beneficiaries after a death, acting as a financial lifeline to the deceased’s loved ones. Business insurance is a hedge against uncertain losses and unpredictable risks that companies […]

How Do I Obtain a Business Loan?

How Do I Obtain a Business Loan? Small businesses are the backbone of the US economy, accounting for nearly half of the country’s economic activity, creating two-thirds of new jobs, and driving innovation—and business loans are the backbone of small business growth. Lenders provided over $644 billion in small business loans in 2019, according to […]

Mixed Response from Businesses After SCOTUS Ruling on Vaccine Mandates

Mixed Response from Businesses After SCOTUS Ruling on Vaccine Mandates On Thursday, January 13, 2022, the Supreme Court’s ruling blocked President Joe Biden’s vaccine-or-testing mandate for large employers. Meanwhile, the Covid-19 omicron variant caused various business owners to question if this was truly a wise, timely decision after all. _____ “Ed Enoch, partner at the […]

What Is a Promissory Note and When Should I Use One?

What Is a Promissory Note and When Should I Use One? You have probably heard the term promissory note, but do you understand what a promissory note is and when one can and should be used? A promissory note is simply a written promise to repay someone who has loaned you money. More specifically, it […]

Financing a Business: Evaluating Your Options

Financing a Business: Evaluating Your Options Financing is the lifeblood of a business. During good times, business financing can help entrepreneurs purchase assets, expand products and services, add a new location, and hire more staff. During more difficult times, business owners may require financing just to continue their current operations. A business may also be […]

What Is a Business Grant and How Do I Obtain One?

What Is a Business Grant and How Do I Obtain One? A business grant is a form of financial assistance given to a company by a government agency or private organization for a specific purpose. Grants, unlike loans, do not need to be paid back. Despite this benefit, finding a grant that your business qualifies […]