Author: fpaownertransitions

Despite a government imposed economic shutdown in March and April, most sectors of the economy (outside of hospitality and travel) recovered nicely. GDP dropped -34% in the 2nd quarter but then recouped +32% in the 3rd quarter ending the year around -4%. Unemployment peaked at 14.7% in April but dropped back down to 6.7% in… Continue reading 2021 Outlook for Business Owners

Junior year in high school is the most important time to begin your child’s college prep and selection journey. To begin, it’s important to identify the roles and duties of the three major players in this journey (the counselor, the parents and the student). The Role of the Counselor Advise parents and students in the… Continue reading A Realistic Guide to College Prep and Selection

For a lot of small business owners, 2020 has left an indelible mark. As the prospect that a capital gains tax increase looms large, many owners are deciding to expedite their exit plans. They are deciding not to try to stick around for the next “Black Swan” event. New data suggests that exit planning advisors… Continue reading Business Owner Transitions in 2021

I hope I never have to hear the term “new normal” again. I bristle every time I hear it because there is nothing normal about what we have been experiencing. Yet, this experience, as challenging and demanding as it’s been, has left me feeling both grateful as well as eager. I am grateful that my… Continue reading Thriving in Difficult Times

Background Facts: The COVID-19 virus originated in China in a lab. It escaped that lab in Q4 2019. China hid the facts surrounding the virus from the world until January 2020. As a result, the COVID-19 virus subsequently spread around the world with catastrophic consequences. The virus still persists everywhere in the world today and… Continue reading China and COVID-19 – An Inconvenient Truth (November 2019 – November 2020)