It is impossible to know what life is going to throw at you. You can be sailing along just fine, running your business and living large, and then the next minute, your world can be turned upside down with a devastating medical diagnosis. If you were recently diagnosed with a disorder that is going to affect your mental capacity now
Successful business owners in Massachusetts and elsewhere are proud of what they have created, and enjoy spending their time continuing to grow their companies. It is a stressful and time-consuming task, however, which may leave some business owners little time to think about some things that they probably should — such as succession planning. No one wants to think about
Once people choose a business successor for their Massachusetts company, they may think their business succession plan is complete. However, it is also important to make sure this successor will be ready to do the job. It is a good idea for business leaders to train their successor before this person takes over the company. Many business leaders may think
Most business owners in Massachusetts not only want their companies to thrive while they are in control, they also want their hard work to continue to benefit their families and employees after they are retired or pass away. For these reasons and numerous others, savvy business owners establish succession plans. Why is it important to have a business succession plan?
Few people see confronting their mortality as a pleasant prospect. For this reason, many put off writing their wills and other essential elements of estate planning. For business owners in Massachusetts and elsewhere, it can be devastating to surviving family members if there is no business succession plan in place to address the owner’s unexpected death. It is important to
These days, the majority of small business owners across Massachusetts are from the “Baby Boomer” generation, and if you are among them, you may be thinking about the next stage in your life and wondering how to prepare your business for the transition. At Kajko, Wiseman & Colasanti, LLP, we understand that setting your business up for continued success involves
When you own a business in Massachusetts, you may think you have plenty of time to choose a successor. However, it is important to have a succession plan in place before you need one. There are a few things to consider as you pick a successor and put a plan together. Sometimes you may think you are the only person
You are ready to launch a business. However, banks and traditional investors are reluctant to fund your venture. Family and friends may be your best option for securing the needed funding. But you must be careful, thoughtful and have a plan in place before approaching your family and friends for business loans. Money and relationships are at stake. You don’t want to
When companies in Massachusetts are brainstorming ways to build their brand, extend their influence and move beyond their competitors, the focus often lies in strategies that can optimize resources to achieve ultimate success. However, an often unseen, but critical aspect of preparing for any organization’s future is succession planning. Business leaders who prioritize the need to be training and preparing
When one entrepreneur in Massachusetts decides to go into business with another entrepreneur and create a business partnership, the pair must think carefully about how they want to structure and run their business. In addition, their partnership agreement should clearly outline some potential exit strategies. As Forbes explains, there may be many reasons that an exit strategy needs to be
It is impossible to know what life is going to throw at you. You can be sailing along just fine, running your business and living large, and then the next minute, your world can be turned upside down with a devastating medical diagnosis. If you were recently diagnosed with a disorder that is going to affect your mental capacity now
Successful business owners in Massachusetts and elsewhere are proud of what they have created, and enjoy spending their time continuing to grow their companies. It is a stressful and time-consuming task, however, which may leave some business owners little time to think about some things that they probably should — such as succession planning. No one wants to think about
Once people choose a business successor for their Massachusetts company, they may think their business succession plan is complete. However, it is also important to make sure this successor will be ready to do the job. It is a good idea for business leaders to train their successor before this person takes over the company. Many business leaders may think
Most business owners in Massachusetts not only want their companies to thrive while they are in control, they also want their hard work to continue to benefit their families and employees after they are retired or pass away. For these reasons and numerous others, savvy business owners establish succession plans. Why is it important to have a business succession plan?
Few people see confronting their mortality as a pleasant prospect. For this reason, many put off writing their wills and other essential elements of estate planning. For business owners in Massachusetts and elsewhere, it can be devastating to surviving family members if there is no business succession plan in place to address the owner’s unexpected death. It is important to
These days, the majority of small business owners across Massachusetts are from the “Baby Boomer” generation, and if you are among them, you may be thinking about the next stage in your life and wondering how to prepare your business for the transition. At Kajko, Wiseman & Colasanti, LLP, we understand that setting your business up for continued success involves
When you own a business in Massachusetts, you may think you have plenty of time to choose a successor. However, it is important to have a succession plan in place before you need one. There are a few things to consider as you pick a successor and put a plan together. Sometimes you may think you are the only person
You are ready to launch a business. However, banks and traditional investors are reluctant to fund your venture. Family and friends may be your best option for securing the needed funding. But you must be careful, thoughtful and have a plan in place before approaching your family and friends for business loans. Money and relationships are at stake. You don’t want to
When companies in Massachusetts are brainstorming ways to build their brand, extend their influence and move beyond their competitors, the focus often lies in strategies that can optimize resources to achieve ultimate success. However, an often unseen, but critical aspect of preparing for any organization’s future is succession planning. Business leaders who prioritize the need to be training and preparing
When one entrepreneur in Massachusetts decides to go into business with another entrepreneur and create a business partnership, the pair must think carefully about how they want to structure and run their business. In addition, their partnership agreement should clearly outline some potential exit strategies. As Forbes explains, there may be many reasons that an exit strategy needs to be
