By Alan Rhode
This past week, consumer confidence experienced a decline, falling to 67.4 in May. Despite the weaker income growth observed in the early part of 2024, consumer spending has shown remarkable resilience. Real wages have continued to stay positive, contributing to an overall stable economic outlook. Looking ahead, several key economic indicators will provide critical insights … Continued
By Alan Rhode
Learn how business owners can take control of their financial future with strategic planning.
By Alan Rhode
In the current economic landscape, inflation is a hot topic, especially in the United States where the inflation rate has slightly decreased to 8.52% from 9.06% earlier this summer. Inflation refers to the rise in the prices of goods and services, leading to a decreased purchasing power of money. This rise affects not only daily … Continued
By Alan Rhode
For anyone familiar with the Value Acceleration Methodology, the term ‘Decide Gate’ will resonate deeply. Acting as the fulcrum of exit planning, this stage underscores the pivotal choices an entrepreneur must make concerning their business’s future. But once they arrive at this juncture, what’s next? What exit routes lie ahead? Let’s traverse through the Decide … Continued
By Alan Rhode
Exit planning is an intricate dance, and like all dances, it has its rhythm, flow, and stages. The Value Acceleration Methodology takes a business owner on a transformative journey through the Discover, Prepare, and Decide gates. While all these stages play their unique roles, the ‘Prepare Gate’ is arguably where the rubber meets the road. … Continued
By Alan Rhode
When considering the Value Acceleration Methodology, which is pivotal to strategic exit planning as a small business owner, the very foundation rests upon the Discover Gate. This initial phase is all about understanding the present state of your business, aligning with personal and financial goals, and charting a path forward. Let’s dive into the intricacies … Continued
By Alan Rhode
In today’s dynamic and fast-paced business landscape, the value of a company is no longer solely defined by its tangible assets like property, machinery, or inventory. As the evolution of the digital age and knowledge-based economies advances, a significant portion of a company’s worth lies in its Intangible Capitals. These capitals, which account for roughly … Continued
By Alan Rhode
Running a business is akin to embarking on a journey. Just like any journey, it requires careful planning, a sense of direction, and the right tools to navigate potential obstacles. Christopher Snider’s book, “Walking to Destiny,” provides a roadmap for business owners in the form of the Five Stages of Value Maturity. This framework, a … Continued
By Alan Rhode
Hey there, you savvy business owner, you! If you’re running the show solo or with just your partner, then first of all, hats off to you. The freedom of being your own boss is pretty amazing, right? But hey, even the independent souls among us need to think about the future. Yep, I’m talking retirement, … Continued
By Alan Rhode
As a small business owner or self-employed professional, it’s essential to understand the variety of retirement options available. The right plan offers financial security for the future and can also provide current tax benefits. Here’s an in-depth look at the top retirement plans tailored for small businesses and self-employed individuals. 1. Individual 401(k) / i401(k) … Continued