How to Avoid the Most Common Obstacles to Small Business Success

If you are a small business, you are part of the 27 million Americans that generate 80% of the US gross national product. Your revenues are providing an adequate income to meet your needs today. But what about tomorrow? You hope that your business will someday be the source of your retirement and maybe even passed on to your heirs.

But did you know that only 30% of family-owned businesses make it to the second generation? Planning for the growth and success of your business is not something that you do only once. When your business changes,, so do your needs.

• Build your business the right way from the start. Learn how your entity structure impacts your bottom line.

• Get the funding your business needs to succeed. Build with funding strategies from the start, so you won’t be met with so many challenges down the road.

• Stabilize your business through the up’s and down’s. Normal business cycles have high’s and low’s. Understand where you are now so you can get to where you need to go.

• Stuff happens. Be prepared. If you are aware of market conditions, you’ll be more open to making necessary changes.

• Position your business for a successful transition. Get planning tips that will help you set the stage for a smooth, profitable transition.

• Protect the people you love. Learn how you can protect your heirs’ inheritance, even in cases of divorce or a lawsuit.

• Avoid the penalties when you sell property. Understand the steps to selling commercial real estate while putting off paying capital gains tax indefinitely.

• Build a better workplace. You want the best employees. We’ll give you strategies for attracting and retaining quality employees.

• Make the right employment pension decisions. Get valuable information about the Pension Protection Act and what the provisions could mean for your business.

• Move closer to a comfortable retirement. What does it take to retire comfortably and live on tax-free income?