If you’re running a business, you should have a contingency plan in case one or more key people leave, no matter if it’s because of retirement, death, a disagreement over strategy or a job opportunity at another firm. In some cases, such planning is crucial to ensure an orderly transition in ownership. It is an...
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Key Takeaways: Estate planning can be difficult to talk about—a 2021 Gallup poll showed that 64% of American adults working with a financial advisor have never discussed their estate plans with that advisor. A distribution of assets plan can help ease your anxiety and broach the difficult subject of legacy planning with a trusted financial...
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What is a business plan? Whether you’re starting a small business or exploring ways to expand an existing one, a business plan is an important tool to help guide your decisions. Think of it as a roadmap to success, providing greater clarity on all aspects of your business, from marketing and finance to operations and...
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When most people think of a trust, they think of it as something rich people set up for their children. But a trust can have much wider uses than that, serving a range of people. A trust is a legal entity where money, property, or assets belonging to one party (the settlor) is overseen by...
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The internet continues to create new opportunities for savvy entrepreneurs, particularly when it comes to starting an online business. The costs have the potential to be smaller compared to brick-and-mortar organizations, and the audience that your products or services can reach is vast. While opening an online business has its advantages — working for yourself,...
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Perhaps you have an idea for the next top-selling gadget, an app to help make people’s busy lives better or a method to sell professional services in an innovative way. Once you’ve come up with a business concept and decide you want to bring it to market, it’s time for planning and preparation. Performing market...
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Only about half of all new businesses survive five years or more, and only about a third survive beyond 10 years, according to the Small Business Administration. From not having enough startup money to trying to do it all yourself to not investing in marketing, common errors in planning and management can provide challenges for...
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More cities, resorts and parks are going the extra mile to accommodate the booming activity of snowmobiling in the U.S. The International Snowmobile Manufacturers Association (ISMA) estimates 124,769 snowmobiles were sold worldwide in 2023; 53,553 were sold in the U.S. If you’re considering a snowmobile winter vacation, here are some awesome destinations for novices and...
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If you’re a just-married bride or groom, you may assume the planning is over. But there are lots of logistics to help you make a smooth transition to married life. Check out our post-wedding checklist. 1. Obtain your marriage certificate A marriage certificate, or an official document that tells of the legal status of your...
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Shopping has evolved dramatically over the past several decades, providing consumers with more choice and convenience whether they shop in brick-and-mortar stores or browse online for their purchases. Even holiday shopping has adapted to the changing landscape, with Black Friday and Cyber Monday appealing to online and in-store shoppers. It’s easy to assume there is a...
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Many people are inclined to stay inside when temperatures drop, and to be fair, there’s no shortage of entertaining indoor winter activities. But if you’re wondering what to do on a snow day, the great outdoors has plenty to offer. Physical activities in the cold, such as hiking, skiing and building a snowman, offer huge...
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According to Healthcare.gov, the definition of an HSA is “A type of savings account that lets you set aside money on a pre-tax basis to pay for qualified medical expenses. By using untaxed dollars in a Health Savings Account (HSA) to pay for deductibles, copayments, coinsurance, and some other expenses, you may be able to...
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Given that 62% of U.S. employees have worked from home in some capacity this year, videoconferencing has seemingly become a part of everyday life.[1] While an online meeting offers a useful, flexible way to keep work moving forward, many people struggle to avoid distractions and maintain professionalism when meeting remotely. Learning how to conduct an...
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Finding the right employees can be a challenge in any industry. To put the right people in the right positions, it is always helpful to brush up on interviewing skills and putting an effective interview process in place.[i] Conducting a job interview takes some planning. Making sure you find the right candidate for the job...
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Driving on the highway for the first time can be nerve racking, which is why it’s common for new drivers to only navigate local roads until they gain enough real-world experience to venture onto the interstate. Once a new driver is ready to take on a highway, being fully prepared can help a beginner make...
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