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
By Alan Rhode
Two paths stand out when diving into the world of business acquisitions: asset purchase and share purchase. Each has its perks and pitfalls; understanding these can guide your choices. Let’s break these down in a more approachable manner. Quick Overview Asset Purchase: Here, the buyer handpicks specific assets like equipment, inventory, or even customer lists. … Continued
By Alan Rhode
The Business Owner Wealth Gap The wealth gap is a term that has taken on numerous interpretations over the years. While many think of it in terms of income inequality, for business owners, it signifies a different kind of challenge: the gap between the value of their business and the funds they need for a … Continued
By Alan Rhode
The Value Acceleration Methodology is a concept presented by the Exit Planning Institute (EPI). It’s a holistic approach to exit planning that focuses on driving, growing, and protecting business value. At its core, the Value Acceleration Methodology highlights the importance of treating exit planning as a business strategy, not just an event. This means that … Continued
By Alan Rhode
For business owners, entrepreneurs, and investors, optimizing the value of their companies is a paramount objective. Whether aiming to sell the business or secure its long-term success, a strategic approach is vital. This is where the CEPA® (Certified Exit Planning Advisor) Value Acceleration Methodology and Exit Planning come into play. In this blog post, we will … Continued