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Category: Ending a small business

A Small Business Succession Plan Needs a Quarterback

Succession planning is a huge multi-year process. Even at the small business level there is a number of 'players' involved: -          The insurance agent looks at the insurance need. They think more insurance is better. -          The banker wants security from everyone involved - the retiring shareholders and the new ... Continue reading

Grow and Keep Your Small Business!

Sometimes economic developers focus on getting large corporations to come to town and provide jobs. Startups are also encouraged to create jobs. Economic developers sometimes do this while ignoring the jobs created and sustained by existing small businesses. Is it fair to provide an incentive to a new competitor and do nothing for the business t... Continue reading

Is it Time to End Your Small Business?

Are you like the frog in the pot of boiling water? It is a known scientific fact that if you take a pot of water and bring it to a boil and then take a frog and drop it in – guess what happens? It jumps right out. Surprised? I didn’t think so. It is another known scientific fact that if you take a frog and put it in a pot of water at room t... Continue reading