Business Owners

If you’re exploring the idea of buying a business, there’s a good chance you’ve come across something called a ROBS, short for Rollovers as Business Startups. It’s a strategy that allows you to use money from a retirement account... Continue Reading

When you think about financial decisions, your brain probably jumps to the dollars and cents: “How much will this cost me?” But what you don’t see is often more important than what you do. That’s the power of opportunity... Continue Reading

Burnout among small business owners is more common than most people think—and it doesn’t always look like total exhaustion or shutting the doors. In fact, burnout often shows up as being stuck in the daily grind, constantly busy but... Continue Reading

Are you tracking KPIs (key performance indicators) for your business? You can’t improve what you don’t measure. And yet, many business owners are flying blind—checking the bank balance, glancing at monthly revenue, and hoping for the best. If you... Continue Reading

If you're a business owner, chances are you've struggled to find a financial advisor who truly understands your world. That’s because most advisors are trained to serve the average saver—employees with predictable paychecks, standard retirement plans, and investment portfolios... Continue Reading

Year-End is a pivotal time for financial planning, whether you’re managing a business or focusing on personal wealth. Reviewing key financial areas now can help you save on taxes, optimize cash flow, and set clear goals for the coming... Continue Reading

As a financial planner, I believe in looking ahead, setting a clear destination, and creating a step-by-step plan to get there. When planning for next year, the time to start is NOW! The start of the fourth quarter is... Continue Reading

Many business owners think of exit planning as crossing the finish line, but in reality, it’s about how well you run the race. By treating your business like an investment now, you’ll be better positioned to cross the finish... Continue Reading

Entrepreneurs and business owners face several common pain points when it comes to financial planning. Unlike salaried employees with consistent incomes and straightforward retirement plans, business owners have to juggle personal and business finances, manage irregular cash flow, and... Continue Reading

Selling, or monetizing, your business is a significant milestone. One of the key considerations when structuring the sale is how you will be paid. While there are several options to consider, one popular option is an installment sale, where... Continue Reading

In the fast-paced world of entrepreneurship, staying focused is more challenging than ever. With the constant barrage of social media notifications, world events, and the looming threat of cancel culture, distractions are everywhere. However, maintaining focus is essential for... Continue Reading

When a business owner passes away, it's essential to have a plan in place for what happens to their shares. This is where a buy-sell agreement comes in, ensuring a smooth transition of ownership. But who actually buys the... Continue Reading

The thought of planning an exit strategy or monetizing your business can feel overwhelming or something too far down the road to think about. But, being proactive about guiding the direction of your business is crucial for any business... Continue Reading

If you’re running a business, you’ve probably come across the term EBITDA. Understanding this metric can be incredibly useful, providing insights into your company’s operating performance and helping to shape your strategic decisions. EBITDA: What It Is and Why... Continue Reading

Let’s deal with an uncomfortable question: What happens to your business when you die? The thought of death is unsettling - it’s the great unknown of this life. Because no one really wants to deal with their own mortality,... Continue Reading

Investment minimums are an old-school way for advisors to filter out prospective clients. Advisory firms and their advisors set investment minimums as a way to target growth of assets under management (AUM) and revenue per client. In fact, advisors... Continue Reading

Many business owners start their businesses because they see a need they can solve, they’re tired of being paid less than their true value, and they want to work for themselves rather than someone else. One day you wake... Continue Reading

Do you need to get your business house in order? In this episode of The Financial Purpose Podcast, I talk with Paloma Goggins, Corporate and M&A Attorney and founder of Nocturnal Legal. Listen for our discussion what business owners... Continue Reading

Starting and running a business can be scary. Many fail. To increase your chances of success, you might have to burn the boats. In 1519, Hernán Cortés led a large expedition consisting of 600 Spaniards, 16 or so horses,... Continue Reading

I'm here to tell you the end is near. No, this isn't a conspiracy theory. The end of the year is coming fast and there's nothing you can do to stop it from happening. You can, however, take steps... Continue Reading

Are you eligible for a Qualified Business Income (QBI) deduction? If you expect to earn business income of less than $170,050 single or $340,100 married filing jointly, you may qualify. Your type of business and source of income received... Continue Reading

"I'm tired of these constant emails and meetings. I'm tired of the stress. I want out of this corporate job!" If you've ever said these words... or even have thought them in quiet desperation, you are not alone. In... Continue Reading

Many businesses begin with a well-crafted business plan including the product/service, pricing, supply chain, customer demographics, and marketing ideas. A sound business plan may also include a defined exit strategy, including selling your business. With good fortune and hard... Continue Reading