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Don Brown
Retirement Lifestyles

When most business owners develop a plan and look into the crystal ball, they see a future of sustained success and profitability for their venture. What they often fail to see and plan for is the byproduct of that success — that someday they will either want or need to move beyond what they’ve worked so hard to build.

I have always advised my clients that there is a difference between “succession planning” and an “exit strategy.” Succession planning is simply who is going to take over your position and replace your name on the door. An exit strategy is much more involved and is your detailed plan to exit that business with the financial resources to live the rest of your life in the manner to which you have grown accustomed. read more »

 
Banking And Finance

According to the U.S. Small Business Administration, there are 23 million small businesses in America. These businesses account for 54 percent of all U.S. sales, occupy up to 50 percent of all commercial space, and are responsible for 65 percent of all new jobs created over the last decade. In fact, small business is the economy’s little engine that can, with the number of start-up businesses exploding and experiencing greater success than ever before — even as corporate America is downsizing.

As the government agency tasked with protecting, strengthening and representing the interests of America’s small businesses, the SBA understands the value of small businesses to the economy better than anyone. In fact, in recent years the SBA has expanded loan guarantees, increased loan amounts and reduced and/or waived fees to bolster even greater growth. The result: more small business owners have had the support they need to realize their full potential and flourish. read more »

 
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