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Insuring your business against various forms of financial loss is a common small business strategy. While you have much to attend to with the day-to-day needs of your small business, insurance considerations are equally as important.

Small businesses are part of the backbone of the U.S. economy, providing jobs, services, products, and stability for millions of families. But how much do you really know about small businesses? Test your knowledge with our seven-question quiz.

What does your Retirement Plan Design look like?

Whether you’re planning to sell your company sometime soon or sometime in the future, NOW is the time to ensure that your business isn’t all about you. Here are two key factors that are linked to the probability of getting an offer for your business when it’s time to sell. 

So why can’t you just sell your business in a couple of months?

Thinking it’s time to sell your business? Consider this: the tiniest miscalculation can cost you countless dollars – not to mention countless hours of stress and anxiety.

Misjudge a couple of minor details and a buyer can walk, leaving you with nothing. Get everything right, though, and you can successfully sell your business for a premium.

Much is made of analyzing the personality traits of successful entrepreneurs. 

Some appear outgoing. Others are introverts. Some lean right, others left. Some are flashy. Others are frugal with their finances.

Their diversity can lead one to the conclusion that there are no common personality traits among successful founders. 

Your age has a big impact on your attitude toward your business, and your feelings about one day getting out of it.

One of the biggest mistake owners make in selling their company is being lured into a proprietary deal.

The Definition Of A Proprietary Deal

If you find yourself in a position where your customers always insist on speaking with you directly instead of your employees, then you might want to consider shifting your structure so you can improve the value of your business.