Sedona Arizona

Business Owners

Latest "Business Owners" Articles

Six Common Exit Strategy and Business Monetization Options

Image of a business owner standing in their office, staring thoughtfully out a large window.

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

Why EBITDA matters for your business

Cover art for episode 37 of the Financial Purpose Podcast, How to Use your EBITDA to drive your business

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

What Happens to Your Business When You Die?

image of a buy-sell agreement document on an office desk

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

About investment minimums...

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

Working ON vs IN your business

Cover for Episode 30 of The Financial Purpose Podcast, Working ON vs IN your business by maximizing your Operations engine, featuring Kendi Brown of Coati Consulting

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

How to get your business house in order

Cover for Episode 30 of The Financial Purpose Podcast, How to Get Your Business House in Order, featuring Paloma Goggins of Nocturnal Legal

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

Burn the boats

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

The end is near!

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

Will you get a QBI Deduction?

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

5 Things to Consider Before Starting a Business

"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

Selling Your Business

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

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