190 Results
2

Your financial advisor: A key succession planning partner

October 10, 2023

Many business owners have spent years building wealth within their companies by intently focusing on maintaining happy employees and growing their businesses. Often, that means neglecting some of the most critical issues at hand — planning for a future business succession and their own retirement needs.

4

Focus on employee wellness to increase work readiness

October 10, 2023

Employees who struggle physically, financially, or emotionally are less likely to be engaged, take more sick days, spend more work time focused on personal issues, have higher medical costs and have higher turnover rates.

8

Personal guaranties: The enemy of limited liability

March 3, 2023

The limited liability protections that corporations, limited liability companies and other business entities afford their owners is one of the driving engines of our entrepreneurial economy. As long as the owners mind certain formalities and steer clear of fraudulent conduct, the limited liability feature of these business entities will protect the owners from any personal liability with respect to their business activities. It goes without saying, that this dynamic by itself allows entrepreneurs to take risks they otherwise might not take.

10

Reassessing your business' go-forward plan: Why? Who? How?

August 5, 2022

I last wrote an article for the Goering newsletter in February 2020, before the world came to a crashing halt. The article outlined potential New Year’s resolutions for all business owners and leaders as they led their respective organizations into a new year. After all, if these stewards of their businesses weren’t making time for introspection and “white space” to think strategically with the long view in mind, who was? I focused on the key issues of (1) reviewing and updating business succession/exit strategy planning; and (2) thoughtfully evaluating whether one’s current outside advisors could still advise and provide the necessary resources to take the business to the next level of sustainable growth.