Congratulations, you have found Financially Simple’s most popular financial articles. Learn what others like you are learning in order to make their lives… Financially Simple.

November 19, 2018

Types of Value in Business and the One That Matters Most

In my last article, I told you that a business’s value and its profitability are different things. If you chase quantitative profits without making changes to your qualitative assets, you will stifle your business’s growth in value. But if you’re trying to make your business more appealing to investors, customers, or buyers, what type of value should you be increasing? In this article, we will be discussing the types of value in business and which you need to be focusing on for growing the value appraisers look for in your company.
September 10, 2018

The 5 Different Business Structures… Pros and Cons of Each Entity

When starting a company, the business structure you pick can be vitally important. Choosing among the different business types will affect your day-to-day workings and how you pay taxes. Your choice can positively or negatively affect how you are protected as an owner and even your business’s future sellability. Although I will provide you with an overview of the five different business types, you should lean on your “Dream Team” of attorneys, CFP’s®, and CPAs to know which type of business entity is the best fit for your company.
June 29, 2018

Pros and Cons of Selling Your Business to Employees Using an ESOP

When it comes to transitioning yourself out of your company, one option is selling the business to employees. A method of doing this is by setting up an Employee Stock Ownership Plan (ESOP). Although the implementation can get complicated, an ESOP can offer owners and employees many benefits over other stock buyouts. Let’s dive into the pros and cons of ESOPs as a way to sell your company.
June 13, 2018

SOLD! Now What to Do with The Money After the Sale of Your Business? – Post #37

CONGRATULATIONS, friend! You just sold your business!!! You’ve realized success! Assuming that the statistics from the Exit Planning Institute are true, and 80% of businesses below 50 million dollars in revenue never sell, then you’ve just joined an elite minority of small business owners. Way to go! You’ve just done something that few people have ever done. But what do you do now? If you’ve just received a financial windfall, what do you do with the money after the sale of your business?
May 3, 2018

9 Financial Games for Kids That Teach Monetary Principles

As parents, we want to make sure that we have provided our children with every possible advantage in this life. Knowing that we have prepared them to succeed as adults is the ultimate peace of mind. However, finding effective ways to teach many of the necessary life skills can be challenging and it’s even more difficult to teach them in a way that is both engaging and fun. Nowhere is this more true than when we are trying to teach our kids one of the most important lessons they will ever learn: finances. That’s why our team at Financially Simple has put together our list of what we think are the best financial games for kids. These games will expose your children to the rules they will encounter during banking and managing money as they grow up. The best part, when playing these games, is that they can take financial risks […]
April 19, 2018

Top 5 Ways of Getting Paid When Selling a Business – Post #29

Upon issuance of the Letter of Intent, the formal sale of your business begins. Buyer and seller teams are currently negotiating the terms and details of the purchase agreement. If you’re like me, you’re probably worried about a lot of things at this point, especially money. With all the time, energy, and money you’ve invested into your business over the years and with all the money you’re paying professionals to help you sell your business, how and when do you get paid? Those are legitimate questions, friends. So in this episode, I want to walk you through the top five ways of getting paid when selling a business. 
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