Posts tagged with "business succession planning"



Business · April 18, 2025
Business Owner Burnout: Legal and Financial Strategies to Protect Your Company When You Need a Break
Feeling overwhelmed running your business? You’re not alone—and ignoring burnout could cost more than your health. Discover how to protect your company when you need to step back, without losing momentum. From legal frameworks and financial safeguards to empowering your team, this guide explores essential strategies to keep your business running smoothly—even when you can’t. Learn how smart systems and proactive planning help you avoid crisis and build resilience now.
Business · April 11, 2025
Creating Compliant HR Systems and Avoiding Costly Employment Law Mistakes
One overlooked HR mistake could cost your business everything. Employment law violations aren’t just a big-business problem—they’re a major threat to small and mid-sized companies, too. This guide reveals how to avoid costly lawsuits, misclassification penalties, and turnover headaches by building legally compliant HR systems. Discover what your handbook must include, why missteps during hiring can backfire, and how to protect your team (and your bottom line) before it’s too late.
Business · March 28, 2025
Succession Planning for Small Business Owners: Starting the Conversation You've Been Avoiding
Most small businesses fail the moment their founder steps away—not because of the economy, but because there’s no succession plan. If you're a business owner putting off this conversation, you're risking everything you've built. From family conflict to tax disasters to leadership chaos, the costs of doing nothing are high. Learn how to protect your company, your family, and your legacy with a smart succession strategy you can start today.
Business · December 16, 2024
Year-End Options for Giving to Charity
Year-end is the perfect time to reflect on how you can give back while creating a lasting legacy. Charitable giving through your estate plan offers powerful ways to support causes you care about and leave a meaningful impact. From direct bequests and donor-advised funds to charitable trusts and family foundations, thoughtful planning can maximize the difference you make while providing tax benefits for your heirs. Click to explore strategies that align your giving with your values and ensure you
Business · November 22, 2024
Protect Your Life's Work With Smart Succession Planning
Ensuring the longevity of your business goes beyond daily operations—it’s about preparing for the future. This guide emphasizes the importance of succession planning, ensuring that your business continues to thrive without you. Learn how to select a successor not just based on skills but on shared values and trust, how to integrate new ideas while preserving core values, and how to foster relationships that bridge generations. Effective succession planning protects your legacy and the relationsh
Business · October 25, 2024
Bouncing Back After Business Failure: What to Do Next
Starting a business is fraught with challenges, and not every venture pans out as hoped. If your business venture didn’t succeed, it might feel like the end, but it's actually an opportunity for growth and renewal. In our guide, "Bouncing Back After Business Failure," we explore five essential strategies to help you recover and succeed in your next business endeavor. You'll learn how to reflect on mistakes, rebuild confidence, and carefully plan your next steps. With practical advice and actiona
Business · August 19, 2024
The Supreme Court Case All Business Owners Should Know About
You might not think the Supreme Court affects your daily business, but a recent decision could fundamentally change how your assets are valued—and not in your favor. Imagine having everything perfectly set up for the future, only to discover that a court ruling now puts your life's work and your family's financial security at risk. That's the harsh reality faced in the case of Connelly v. United States, where a routine valuation spiraled into a financial nightmare. Curious about the details and
Business · April 15, 2024
Effective Communication for Effective Leadership: A Guide for Entrepreneurs
In the fast-paced entrepreneurial world, effective communication is crucial but often overlooked. As a leader, your ability to articulate ideas clearly, inspire action, and persuade stakeholders is essential. Our guide breaks down the art of communication for entrepreneurs, focusing on understanding your audience, crafting impactful messages, and mastering nonverbal cues. Whether it's a pitch, a team meeting, or customer engagement, every interaction is a chance to lead.
Business · April 08, 2024
Clash of Cash: Small Business Loans vs. Lines of Credit
Starting or expanding a small business brings critical financial decisions, notably choosing between a business line of credit and a bank loan. Each option serves different needs: lines of credit offer flexibility and repeated access to funds, ideal for managing cash flow or unexpected expenses, but often come with higher interest rates. On the other hand, bank loans provide a lump sum with lower interest rates, suitable for significant, one-time investments but lack borrowing flexibility.
Business · March 22, 2024
Avoid These 3 Mistakes When Choosing a Successor for Your Business
Selecting your business successor is more than a choice—it's a future-defining moment. Ensure your legacy flourishes by steering clear of common yet critical mistakes in the process. It's not just about replicating your leadership style but finding someone with the right vision, adaptability, and ability to connect with your team. Dive deeper into how to make this pivotal decision without compromising your business's future. As your trusted LIFTed Business Advisor, let me guide you through a sea

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