Business Finance Archives • Page 5 of 8 • Financially Simple

February 14, 2018

Can Streamlining A Business Hurt its Eventual Sell-Ability?

Here’s the thing, when it comes to entrepreneurs, we’re audacious. We see the mountain and we start climbing. Failure just isn’t an option. We might stumble, but eventually, we will reach the peak or die trying. But when we are near leaving, our determination before we put our business up for sale can backfire on us. Cost-cutting measures to make our business look better on paper can ultimately hurt its sell-ability. How it is possible that streamlining a business could be bad you might ask?

January 17, 2018

What is a CFP and why are they important

January 17, 2018

Top 3 Questions to Ask Before You Hire a Financial Advisor

Choosing a financial advisor can seem overwhelming when you first start…especially if you’ve never delved into the financial world yourself. It can be tough knowing what to look for. However, there are some strategies that you can utilize to find the advisor that gels with your needs the most and will help you reach your ultimate goals. Making use of these three questions will undoubtedly help you assess and ultimately hire a financial advisor that can help you trek down the path you desire.

January 11, 2018

January 11, 2018

Should I Max Out My Retirement Account or Invest Elsewhere?

Time and time again, you will hear me say, “max out your retirement accounts!” However in this situation, I’m saying DON’T! I know you’re probably thinking, “What?!?!?!?!” I get it, but hear me out on this one!

December 13, 2017

December 13, 2017

5 Mistakes to Avoid If You Buy a Dental Practice

In order to buy a new dental practice and learn to run it successfully, you’ll have to digest a lot of information in very little time. Along the way, you’re bound to make mistakes, but with guidance, you can avoid the most damaging.

November 6, 2017

What are Buy-Sell Agreements and Do I Really Need One?

When you go into business, it is quite possible you have someone depending on you. Whether it is an employee, a partner, or anyone else, these people rely on your company for their livelihood. With that, have you ever considered what would happen to those people if you died or even ended up permanently disabled? That’s where predetermined agreements come into play. But what are buy-sell agreements?

September 27, 2017

How Do I Start a Business? The (Financially Simple) Basics

Small businesses are the backbone of the U.S. economy, accounting for more than 99% (actually 99.7%) of all businesses in this country. With so many people wanting to be their own boss, that’s probably why one of the most popular questions I am asked is “how do I start a business.”