Most business owners love the companies they’ve founded whether it’s because of the work they do, the changes they effect, the money they make, or something else. When owners carve out a comfort zone within their businesses, it can cause them to question why they would want to plan for their exit. They often make… Continue reading Why Would an Owner Who Loves Their Company Ever Leave It?
Many of you have recently received money through the PPP program. Unfortunately, many of you are experiencing confusion around the loan forgiveness metrics. I’m here to try to clear things up. The PPP loan money should be used for the following eligible expenses: Payroll – wages, vacation, leave (parental, family, medical or sick) and employee… Continue reading The In’s and Out’s of PPP Loan Forgiveness
On Wednesday, April 15th, Exit Planning Institute CEO, Scott Snider, participated in his quarterly closed-door meeting with his formal CEO peer group. Here are a few of the very valuable thoughts shared by the various CEO’s in the group. COVID-19 Effect on CEO’s Each person shared how they were dealing with the pandemic in their personal life and their business.… Continue reading What are Small Business CEO’s Saying about the Current Business Environment?
By Dr. Fred Johnson of Initiative One Leadership Institute Trust Your History – Many companies made it through the financial aftermath of the “Great Recession”. It required resilience, staying power, solution thinking and an abiding self-belief that “we are going to endure this”. If you and your company have weathered storms in the past, trust… Continue reading 10 Essentials for Leading Well in Tough Times
The SECURE Act was signed into law on December 20, 2019. This is a landmark piece of bipartisan legislation. This legislation will not only make retirement plans more accessible and affordable for small businesses, but it should also result in more American saving for retirement. Here are several of the key provisions. 1. Allows for… Continue reading Impact of the SECURE Act