Business

Succession planning is crucial for the sustainability of a business after the owner retires. Most small business owners lack a written plan for succession, leading to unsuccessful transitions. Succession planning includes assessing needs and expectations and identifying and screening successors. Identifying industry knowledge, experience, financial acumen, leadership, and cultural fit are crucial screening factors. Ongoing

If you’re in business, marketing is essential. But just because you’re marketing doesn’t mean you’re guaranteed to reach the right people—the people who are actually interested in what you’re selling. That’s why it’s essential to ensure you’re targeting the right market for your business. Who is your target market? It’s a question all businesses need

Real estate investing is a popular way to make money, but it’s not without its risks. Before you sink your hard-earned cash into a property, there are a few things you should consider. From location to insurance, here are some things to consider before investing in real estate. Location The age-old real estate adage still

A company will always have multiple assets. These assets are the lifeblood of a company, and it keeps a company alive. Most of the assets of businesses come in the form of cash. However, that cash means nothing if a business doesn’t invest it. One of the most common asset investments businesses make is a

Many businesses view insurance as an unnecessary expense. In fact, according to Insurance Journal, 75% of companies in the US are underinsured, and 40% actually have no insurance at all. But the truth is, insurance is an essential part of any business operation. Here are five reasons why: 1. It protects your business in case

If you’re in the healthcare industry, you know that it’s a complex and ever-changing landscape. There’s always something new to keep track of, from new regulations to technological advances. And if you’re running a healthcare business, it can be tough to keep up with everything while also managing day-to-day operations. Here are six tips for

The wedding market is expected to grow in the coming years, with more couples tying the knot. A 2021 survey by the Wedding Report found that an estimated 2.24 million weddings were planned for 2023. Similarly, the survey also revealed that these couples are expected to spend an average of $24,900 for their big day. This is

In a large business, it is essential to protect your assets. Because of the size and scope of your business, many potential risks can threaten the security of your assets. According to the U.S. Small Business Administration, “approximately 30 percent of all businesses will experience a significant theft or loss of inventory at some point.”

A career as a life insurance agent can be a profitable one. In fact, according to the U.S. Bureau of Labor Statistics, the median annual wage for insurance agents and brokers was $53,443 in 2022. Moreover, the increase in salary for the next ten years appears to be faster than the average for all occupations.

When it comes to money management, there are two main options: trading and investing. Both have their own benefits and drawbacks, but which one is better for you? This article will help you decide which option is best for your personal financial goals. Investing is typically a long-term strategy Investing is typically a long-term strategy.