8 Year-End Tax Planning Tips for Business Owners (Archived)
Eric D. Bailey, CFP® | October 2018
In light of the 2017 Tax Cuts and Jobs Act (TC&JA), here is a brief reminder of valuable 4th quarter tax planning for business owners. These 8 tips include timely new issues and older issues that still matter a lot. The Tax Cuts and Jobs Act (TC&JA) is the most significant reform to the U.S. Internal Revenue Code since 1986.
Your Exit Is Someone Elses' Start (Archived)
Eric D. Bailey, CFP® | June 2018
This newsletter is written to provide owners with a perspective on what a potential buyer will be experiencing when you sell or transition your business to someone else.
What Your Future Owner Looks For (Archived)
Eric D. Bailey, CFP® | June 2018
This newsletter is written to help owners understand some of the personal traits that professional buyers look for when purchasing a business - items that go beyond the company, its prospects and management team and its profitability
Tips for an Effective Mid-Year Financial Check-Up (Archived)
Taylor Schulte, CFP® | July 2015
This newsletter is written to highlight the importance of sitting down and reviewing your past six months’ worth of activity. This can do wonders for achieving your financial goals by year-end.
Scoring Owner Dependence (Archived)
Eric D. Bailey, CFP® | June 2018
This newsletter describes the Owner Dependence Index™ (ODI™), which is an online tool that was created to help owners score the dependence that their company has on their individual efforts.
Problems With Five (5) Year Exits (Archived)
Eric D. Bailey, CFP® | June 2018
This newsletter is written to help owners see that the perpetual 5-year plan is not good for themselves or their businesses and that the natural tendency to delay the planning for your eventual exit may be costly to both you, your company, and the people who depend on your business for their livelihood.
Planning Traps to Avoid (Archived)
Eric D. Bailey, CFP® | June 2018
This newsletter is written for owners who are thinking about planning for a future transition from their company and would prefer not to make the obvious mistakes that other owners have made, time and time again, in the past.
Planned Exits (Archived)
Eric D. Bailey, CFP® | June 2018
This newsletter gives the top ten (10) reasons why owners should think about planning their business exit in 2015 and encouraging them to start planning for this critical transition for their company, whether the actual event will happen in the next year or in the next ten (10) years.
Owner Dependence Impact (Archived)
Eric D. Bailey, CFP® | June 2018
This newsletter is written to assist owners with understanding how their options for an eventual exit can be impacted by how dependent their business is on them. It also introduces a new tool, the Owner Dependence Index (“ODI), to assist with taking this initial measurement.
Overview Process (Archived)
Eric D. Bailey, CFP® | June 2018
This newsletter provides five (5) steps that owners can take in Creating a Transferable Business™. It is written with the intention of having owners think through the transferability of their business and what decisions they can make today that will make their business easier to transition to a new owner in the future.
Exit Planning Metrics (Archived)
Eric D. Bailey, CFP® | June 2018
This newsletter is focused on some exit metrics that you should not only be measuring but also monitoring as you make plans for yourself and your business.
Growing, from Revenue to Exit (Archived)
Eric D. Bailey, CFP® | June 2018
This newsletter is written to help business owners think through this cycle of growth as they proceed towards an eventual exit.
Good Business vs. Good Investment (Archived)
Eric D. Bailey, CFP® | June 2018
This newsletter is written to assist owners in identifying the differences between a good business and a good investment in order to attract qualified buyers and get the highest value.
Estate Planning Update (Archived)
Eric D. Bailey, CFP® | June 2018
This newsletter is written to make owners aware of the fact that there are still estate taxes that can apply at the individual state level that can be very large and should not be ignored.
Adopting an Exit Planning Process and Mindset (Archived)
Eric D. Bailey, CFP® | June 2018
This newsletter is written to encourage privately-held business owners to adopt an exit planning process and to develop an exit planning mindset, no matter where the financial or operating condition of their business stands in any given year. To assist owners with this task, we address the topic of Adopting an Exit Planning Process and Mindset as the first step in Creating a Transferable Business™.
Taking Measurement of Your Management Team (Archived)
Eric D. Bailey, CFP® | June 2018
This newsletter is written to help owners with the process of Creating a Transferable Business™ by focusing their attention on their management team and how they can align interests and communicate their plans to make for a seamless transition.
Understand and Evaluate Your Industry Transfer Statistics (Archived)
Eric D. Bailey, CFP® | June 2018
This newsletter takes a closer look at the important topic of an owner's understanding of their industry transfer statistics to further the process of having them think through the transferability of their business in light of the industry in which they currently exist.