August 17, 2017
volatility in the markets will come

Volatility in the Markets Will Come

Somone recently asked me, “What is volatility?” I explained it is simply the rapid rise or fall in price. The last little bit, the stock market has been steady and boring, nothing special or crazy. It hasn’t really been in the news lately and because of that, I’d say we as investors are a bit lackadaisical at this point. This isn’t going to happen forever though. While we have smooth sailing right now, that won’t always be the case. Volatility in the markets will come because that’s part of investing. A recent fishing trip reminded me these five lessons when it comes to dealing with a volatile market place. Go fishing!—While we are seeing smooth seas right now, rough choppy waters are ahead but don’t be afraid to invest because of that. If you do you may miss out on some of the best returns you’ll ever see. We don’t know what the market is going to do. It may go down or it may go up. So don’t miss it by going to a safety position. Don’t Jump Out of the Boat—When the waves come, don’t jump out. You’re better off staying in and riding out the rough waters of […]
August 10, 2017
business valued

How is a Small Business Valued?

Here are some insights into my new CEPA designation or Certified Exit Planning Advisor. When it comes to owning a business, it’s been stated that 80-90% of our net worth is tied up in our business. Many times business owners will go out and hire an investment advisor, pay them 1% to manage small portion. Yet, we’ll look all around trying to figure out how to grow the value of your business. So what I’m showing you today is something you’ll want to tuck away to help you when you do sell your business. Because as a business owner, we want to grow the businesd so that at any time we can sell it. Let’s look at how a business is valued and how to drive that value up. THIS IS NOT VALUATION 101! This is just a simplified version of what CPAs can do to place a value on you greatest asset. First, understand that there’s a bell curve. Most businesses sell with a multiple. Within the bell curve, there’s a rule of five. The average multiple most business sells for is five times. On the left side of the curve, we have 1-4 times, and on the right […]
August 3, 2017

What is a CEPA?

If you’ve ever wondered “what is a CEPA?” In this vlog post, I am answering multiple questions.  Check out my latest video to learn more! A Certified Exit Planning Advisor is a credential that you earn after going through an MBA style program. First, you need to know what exit planning is to understand what they do. Exit planning is preparing for the sale or transition of your business and fulfilling this desire. The technical definition  that the Certified Exit Planning Institute uses is  “Exit planning asks and answers all of the business, personal, financial, legal and tax questions involved with transitioning a business by combining  planning, strategies and concepts with a process. A process is vitally  important.  Ultimately exit planning relies on a very simple strategy to grow your business so that it’s transferable. Let me break that down for you. We need to grow our businesses so that we can sell them or give them away. It’s that simple. How do you do that? We’ll explore that in later videos. Here’s why exit planning is important. The Breakdown Currently out of the 20 million business in the U.S., there are six million employer companies or companies that have employees. As I was researching to […]
July 27, 2017
student loan debt

Student Loan Debt: Pay it Off Fast! – Financially Simple

Do you have mounds of student loan debt? If so then you can help knock it OUT quicker by following these seven financially simple tips!