business owners
Your Business Shouldn't Be Your Retirement Plan
All too often, business owners lack knowledge of the true value of their business. Moreover, many may not truly understand the cost to maintain their lifestyles. These oversights, combined with the intent to rely on the eventual sale of their business for retirement, could be financially devastating. To avoid jeopardizing retirement plans and goals, business owners should survey the current, true value of their businesses, as well as learn about the factors that influence value, such as free cash flow, business life cycle, and market conditions unique to their offering. Similar Article. Full Article.
Building Your Business With the End in Mind
Many successful business owners give little thought to how and when they will ultimately leave their business. Building your business with the end in mind will increase future value, minimize taxes, strengthen your management team, and provide peace of mind. Full Article.
Find the Value in Networking
Business owners know networking is important but often don’t fully understand how to do it effectively. Networking is about expanding opportunities and developing relationships. Business owners need to ask themselves how they can become a resource for their clients and customers. Full Article.
Become More Accountable
Business owners typically have no one to answer to but themselves. This makes it difficult to move the business forward. There are several ways to increase efficiency as a business owner by increasing accountability. Full Article.
Atwood Bakery on LED’s Advisory Council that will focus on enhancing small business competitiveness
LED recently established the LED Small Business Advisory Council, which is made up of a diverse group of small business owners, and will advise LED on issues affecting the competitiveness of small businesses in LA. Members include M. Atwood, Atwood’s Bakery. Full Article.
