Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Your Free Business Opportunity Resource Is Easy To Use
Home-Based Businesses
Choosing a Business Opportunity Growth and Profit Marketing and Sales
Plans and Goals Running Your Own Business Start-Up
Working From Home Entrepreneur Exchange Feature Articles
Opportunity Community Opportunity Focus In The News

Improve Customer Engagement - The days of endless customer tickets are finally over, all thanks to the advancements in technology and innovations from clever software developers.

Improve Customer Engagement - Instead of being constantly overwhelmed by countless...

Free Lead Generation is a hot topic these days since many pay a pretty penny per portal to generate leads to increase ROI.

Free Lead Generation is part of any markets platform.  It is important to note that this November was 'nutty' for lack of a better word.  The purpose of this blog post...

Small Business Media and tapping into that vein can be a tricky and somewhat slippery slope unless you know some tricks of the trade.  Getting your message in front of the right audience is often the key to success.  So, where are the keys to the kingdom you ask and how can you get your hands on...


Sponsors

STARSCAPES®
Imagine making up to $500 to $1,800 a day! Call or click now see how you can get your business for FREE! (602) 679-0257
Wealthpaths by Helo
HELO is changing the game in wearable fitness devices. Get your own HELO, show it off and make money referring others.
How Many Leads Does It Take To Close A Sale?
This Featured Article is live on our blog and I know could be very insightful for connectivity and ROI.
Entrepreneurs Feeling Cooped Up This Winter?
Entrepreneurs, Mompreneurs, Daughterpreneurs, Dadpreneurs, Sonpreneurs, in many cases, working-from-home... Read on
Low Cost Business Opportunities to Own
Are your right for a Low Cost Business Opportunities to Own? The desire to own your own business... Read On
Top 50 Home-Based Business Ideas
Home-Based Business ownership can be the most rewarding endeavor you will ever undertake. The new year... Read On
It Takes a Hot Voicemail to Land a Warm Lead
If you're a successful entrepreneur who provides others like you the chance to follow in your footsteps... Read On
How Many Leads Does It Take To Close A Sale?
This Article is now live on our blog and I know could be very insightful for many. Read On
The Ideal Length of Everything Online, Including Social Media Posts
When one of your busiest marketing channels limits you to 140 characters, you know that the internet sets its own rules.
Green Businesses Make Good Sense
Shoppers worldwide are concerned about climate change and environmental dangers. That’s why the demand... Read on
Why Advertise Your Business Opportunity?
Over the years we have been fortunate enough to receive quite a few testimonials. In fact, ... read on
 
Resource Center > Article
Selling Your Small Business Requires Advance Planning
30 Apr 12 Posted by: Kathleen C Lanza
in Plans & Goals
Share this Article:

According to yesterday’s WSJ.com, far too many baby-boomer business owners are assuming that, when the time comes, they’ll simply cash out or pass the business on and have what it takes to retire. Not so, according to the experts who specialize in business finance and exit-planning. Things aren’t simple anymore when it comes to selling a business or transferring ownership of it within a family, not when today’s economic climate is so unpredictable and the tax rules are changing all the time.

The article cites six of the most common mistakes that business owners make when they’re ready to change gears or retire, as well as the steps they can take to avoid them. They are:

1. Creating a Business That’s Too Dependent on the Owner

2. Ignoring the Tax Benefits of Planning Ahead

3. Incorrectly Valuing the Business

4. Rushing to Accept the Highest Bid

5. Hiring (a Family Member) to Do the Deal, and

6. Underestimating the Emotional Impact of Selling.

Go to Preparing to Leave now for a more in-depth look at what you can do to avoid making these missteps.

Interestingly and with regard to the issues of tax benefits planning and business valuation (items number two and three above) in particular, the Tax Court recently issued a “landmark decision” that will allow owners of businesses to pass assets to their heirs more readily and with fewer tax implications. The decision as it currently stands is so potentially beneficial to tax-paying business owners that there is a fear it will be appealed by the IRS in short order. That said, the time to find out what the new rules' implications are for you as a small business owner who wants to pass the fruits of your labor on to your family is now. Go to Shielding the Family Business by Laura Saunders at WSJ.com to learn more today.

 

Related Blog Posts
22 Nov 16 Posted by: Kevin James Culp
in Plans & Goals

Free Lead Generation is a hot topic these days since many pay a pretty penny per portal to generate leads to increase ROI.

Free Lead Generation is part of any markets platform.  It is important to note that this November was 'nutty' for lack of a better word.  The purpose of this blog post...
12 Feb 15 Posted by: Kevin James Culp
in Plans & Goals
DID YOU KNOW THAT WE ARE OPPORTUNITY SALES, MARKETING & LEAD GENERATION SPECIALISTS? MAKE A FRESH SALES START!  Before you spend...
21 Nov 13 Posted by: Kathleen C Lanza
in Plans & Goals
Win! Win big! It’s a mantra that strikes at the core of what comprises most if not all “entrepreneur DNA,” and it’s especially top of mind in the run up to this year’s Super Bowl on February 2 in MetLife Stadium as four small businesses are battling it out in the make-or-break competition of a lifetime! In...
14 Nov 13 Posted by: Kathleen C Lanza
in Plans & Goals
With the 2014 tax return season coming to a rapid close and if you’re a small business owner in particular, finding ways to reduce your income tax rates is always a great goal. While it might sound counterintuitive, one of the best things you can do, as the old saying goes, is “spend money to save money.” Why?...
24 Oct 13 Posted by: Kathleen C Lanza
in Plans & Goals
Results from the newly released Deluxe Annual Holiday Shopping Survey™ show that 35 percent of consumers plan to shop local and small this year, compared to just 27 percent last year. And hey, a full third of the more than $600 billion that is estimated to be spent this year is quite a chunk of change! Could...
 
   

SocialXpand Business Opportunity Interview w/ Brian Weiss was for me a new way to learn from a customer and whom I consider a friend in the industry.

I've had the opportunity to work for a while now with Brian Weiss who is the Director of Sales for the
Video Spotlight
You're invited to view a Bartercard Online Franchise Presentation.

Premium Sponsor