How to achieve financial successNo one can predict with any great certainty the financial outlook for 2016, especially with the national elections looming in November. Nevertheless, here are 10 top money management moves that make sense for the rest of this year.
Posted in Business Advisory
How can you get your business off to a good start in 2016? There are no guarantees, but it certainly helps to plan ahead. Specifically, you should draw up a business plan before year-end to put into motion on January 1. If you have developed a plan in prior years, you can refer to it when developing a new one, but you do not necessarily have to be wedded to what you have done in the past.
Essentially, a business plan is a blueprint for running the company, but a comprehensive plan can do much more than that. Here are several typical benefits you might realize from a business plan:
After fighting the rat race for years, many Americans dream of an early retirement. For instance, you might be contemplating such a move on your own, or perhaps your company is preparing to make you an early retirement offer. Whether or not you can afford to retire early, or really want to, may depend on the answers to the following questions.
Posted in Retirement Planning
A well-managed restaurant doesn’t always guarantee a sound business strategy, but approaching restaurant management with a focus on facts, figures and the future can help in achieving long-term success. When it comes to running your business, financial modeling and long-term planning often get lost in the shuffle of day-to-day troubleshooting and management responsibilities. But for those looking to improve their financial practices and better communicate the restaurant’s potential success and value to lenders and investors, understanding the numbers and using them to effectively plan for long-term sustainability should be a top priority.Posted in Business Advisory
More nonprofits are waking up. From stringent regulations and government scrutiny around tax-exempt status and grant compliance to increasingly intense competition for funds, organizations of all shapes and sizes are realizing the need to implement strong measurement and monitoring programs.
Posted in Business Advisory
As a business owner looking to increase deductions for your own retirement savings, a cash balance retirement plan could be for you. In order to participate in a cash balance plan, you must meet the following criteria:
Posted in Business Advisory
It is hard to open a business and turn it into a successful operation. Despite the best efforts of entrepreneurs, a vast number of new businesses in the United States fail each year. Instead of starting from scratch, you or another family member, such as an adult child, might search for a ready-made franchise. There are thousands of them in the marketplace, ranging from McDonald’s to Jiffy Lube to Fantastic Sams hair salons.
Posted in Business Advisory
When business owners are selling their business, many believe that it will be the end of their working life. What these business owners do not consider is that this can be a time of excitement, new ventures and continuing personal growth. In order to seek out new ventures, business owners need to maximize the amount of money they’ll have when they leave the business.
Posted in Business Advisory
