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Tip of the day for small business owners

The best way to predict the future is to create it” ~ Peter Druker What would happen if you or another key executive were to die or become incapacitated unexpectedly? Death is an unsettling topic for most entrepreneurs. Planning for that possibility now will save you and/or your family and your company a lot of financial uncertainity and impact on the value of the company. Remember you will eventually exit your business; either voluntarily or involuntarily. Why not plan now? What is an exit plan? An exit plan is a comprehensive road map to successfully exit a privately held business. It asks and answers all of the business, personal, financial, legal and tax questions involved in selling a privately owned business. It includes contingencies for illness, burnout, divorce, owner’s...
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