According to the Conway Center for Family Business, family businesses account for 64% of the U.S. Gross Domestic Product (GDP), yet 57% of family businesses have no formal succession plan. 1 While the ...

For both new and seasoned business owners, establishing a comprehensive estate plan is not just prudent—it’s essential. A well-structured estate ...

Many of the strategies used in estate planning are integral components of proper business succession planning. These strategies and tools are designed to ensure the seamless transfer of assets, wealth ...

Why is estate planning important for business owners? Estate planning is important because business owners are relied upon by not only their families, but also by employees, customers, vendors and ...

Why Is a Business Plan Important? Starting a business without a plan is akin to embarking on an arduous journey without a map or compass. Here are the key ways a business plan will help your company ...

In the dynamic landscape of entrepreneurship, where innovation and competition abound, the guidance of a seasoned expert can be the difference between success and stagnation. Enter the business plan ...

There are many different kinds of small business owners in all stages of their business. Some have just started putting their ideas into action in a startup, while others are in the growth stage or ...

As a kid, I remember my dad--the quintessential methodical, organized engineer--sitting me down at the kitchen table for his favorite bi-annual lecture: "Planning For Your Future." His yellow legal ...

Boost efficiency and accuracy in logistics, data analysis, forecasting, and more Elysse Bell is a finance and business writer for Investopedia. She writes about small business, personal finance, ...

So you want to open or grow a small business, but where do you start? One of the first things a bank is going to ask you when you apply for a loan is whether you have an up-to-date business plan. The ...

Business planning has always been part of the core of successful organizations. From startups to Fortune 500 companies, a robust business plan lays the foundation for growth, competitive advantage, ...

Preparing for the future, especially from a financial standpoint, is crucial for all businesses. Companies need to forecast their revenue and expenses to ensure they remain profitable. Budget planning ...