August 2, 2021
There is a pervasive problem afflicting small business owners. Most of us have experienced it. And yet, very few of us ever talk about it. But what is this mysterious phenomenon that leaves so many business owners feeling utterly alone and wholly inadequate? Is there a solution to such a deep-seated problem? Join me as I break the taboo surrounding this issue and provide some methods to help you overcome imposter syndrome.
July 26, 2021
By now, you’ve probably received a letter from the IRS, informing you of disbursements being made to families via the 2021 Child Tax Credit. This is part of the American Rescue Plan Act that was signed into law by President Biden on March 11th, 2021. While there are several new features to this tax credit, many business owners are asking if they should accept the disbursements or unenroll. In today’s entry, I’m going to take a closer look at the 2021 Child Tax Credit and how business owners may choose to respond.
July 20, 2021
Knoxville, TN — In the follow up to his first title, The Ultimate Sale: A Financially Simple Guide to Selling a Business for Maximum Profit, Knoxville’s Justin Goodbread CFP®, CEPA®, CVGA® guides business owners through the practical application of business valuation strategy. Your Baby’s Ugly: Maximize the Value of Your Business or You’ll Have Nothing to Sell is available for purchase on July 20th, 2021, and addresses the need for business owners to work on their businesses rather than in them if they hope to sell them one day.
July 19, 2021
Oftentimes, as business owners, we fight through trial and error to build our businesses. Although it is possible to build a successful business on your own, having an experienced business advisor can help you get your business where you want it to be in a more efficient manner. I like to think of it in terms of climbers conquering Mt. Everest. The climbers have the vision, experience, and skill, but they still benefit from having a sherpa to guide them along the best course. Of course, this comes with a price. That’s why today’s entry is going to answer the question, what does it cost to hire a business advisor?
July 12, 2021
In my last blog, I addressed a listener question. With today’s entry, I’d like to answer another question. Although similar to last week’s question, this one looks at the cost of hiring a comprehensive financial planner from a different angle. As you read through this entry, you will learn what comprehensive financial planning actually entails, as well as the average cost of hiring a comprehensive financial planner. Whether you’re just beginning to think about hiring a financial planner, or you’ve used one for years, this entry will provide you with some valuable food for thought.
July 5, 2021
I recently received a listener question that I’m all too familiar with. Over the past twenty years or so, of my career, I’ve fielded one question thousands of times. It’s been asked in a variety of different ways but it all comes down to the same basic point. I’ve even had a few close friends, who have never needed the services of a financial advisor, suddenly come into windfalls that are now prompting them to ask this question. The question? What is the average cost of an investment advisor? More specifically, what is the average cost of hiring an investment advisor to manage $1MM or more?