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Author: Jack Davidson

Incentivizing your best employees to stay

February 20, 2019 by Jack Davidson

Motivation

When thinking about business planning, one aspect you may be tempted to overlook is the contributions of your key employees. Key employees are the lifeblood of well-run businesses, and they play an important role when owners begin to plan for their … [Read more...]

3 things to remember about third-party sales

February 7, 2019 by Jack Davidson

3 things to remember about third-party sales

As a business owner, you’re likely used to having as much control over how the business functions as possible. You’re the go-to person for big decisions and you own the consequences of those decisions, whether they’re good or bad. This attitude is … [Read more...]

Why Maintaining Planning Momentum Is Important

December 6, 2018 by Jack Davidson

Planning for major events can sometimes cause a sense of dread. Whether it’s planning a honeymoon, a long family trip, or a business exit, it’s easy to say, “I’ll do it later, when I’m less busy.” While planning a business exit should never encompass … [Read more...]

Are You Being Your Own Worst Enemy?

November 26, 2018 by Jack Davidson

business deal mistakes

Many business owners believe that they want to sell their businesses to a third party when they first start considering their business exits. Owners who want to start planning for a third-party sale sometimes fear that tight-fisted buyers will be the … [Read more...]

What Business Owners Assume About Financial Planning Hurts Them

October 17, 2018 by Jack Davidson

One of the most important goals of Exit Planning is to position business owners for post-exit financial security. To do that, business owners and their advisors must have several pieces of information: how much the business is currently worth, how … [Read more...]

Death Can Ruin Your Plans

October 3, 2018 by Jack Davidson

Imagine building your business over several decades, beginning to plan your business exit, then dying unexpectedly before you can implement your plans. Business owners rarely think about how an unexpected death or permanent incapacitation can derail … [Read more...]

Even If You Never Plan to Exit Your Business, Exit Planning Can Still Help

September 5, 2018 by Jack Davidson

Many business owners take pride in the businesses they’ve built. Some of those owners are so proud and dedicated to their businesses that they’d be happy dying at their desks, doing what they love. They believe that they can wait until they’re ready … [Read more...]

Why You’ll Need an Advisor Team

August 22, 2018 by Jack Davidson

Exit Planning can be complex. Between setting your exit goals and transferring your business, you’ll attempt to build business value, find an appropriate successor or buyer, navigate perplexing tax implications, and keep your key employees onboard. … [Read more...]

Charitable Giving: Not a One Trick Pony

March 7, 2018 by Jack Davidson Leave a Comment

The beginning of a new year presents an opportunity for investors to recalibrate and review their goals. Often among these is a renewed endeavor to give back in a charitable fashion. While it may seem counterintuitive, the appropriate planning … [Read more...]

How the New Tax Structure Affects You

January 31, 2018 by Jack Davidson Leave a Comment

Couple reviewing document

In late 2017, Congress passed a new tax law that will affect your taxes in 2018. There were many changes to the tax structure, both for people and businesses that may affect your decisions this year and come tax time next year. Here are some ways the … [Read more...]

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