FPA Owner Transitions

When it comes to careers, business owners are a minority of the population. The North American Industry Classification System (NAICS) lists businesses with 5-99 employees at around 3.3 million and only 123,000 businesses with 100-499 employees (the SBA’s largest classification for a “small” business). Overall, that means only around 1% of our population are private… Continue reading Owners are a Minority

49% of male and 44% of female college graduates are still working at a below “college-level” jobs ten years after graduation. Graduates who complete an internship are 49% less likely to become underemployed after graduation than those who did not. (SOURCE: STRADA EDUCATION FOUNDATION)

The US Consumer Price Index (CPI) — a measure of inflation experienced by consumers — rose 11.4% in the two years leading up to the start of the US Federal Reserve’s interest rate–hiking cycle which started in March 2022. In the two years since then, the US CPI has risen another 8.6%. (SOURCE: BLS)

Your life after the sale of your business is often the most important and most neglected part of your exit planning. Multiple owner surveys report that upwards of 75% of owners report regrets and/or unhappiness a year after the transition. Many advisors include some conversation about “life after” planning but most gloss over it. Many… Continue reading Personal Vision – Your Life After the Sale

by Mark C. Hegstrom By now, you may have seen the movie House of Gucci. Lady Gaga and Al Pacino star in the true depiction of the Gucci family. The Gucci brand started with two brothers who own the family business equally. Each brother had a son, and each son was to inherit the empire. One… Continue reading The House of Gucci Succession Plan