Currently, I’m working with a business in Virginia needing $25 million of life insurance to accomplish their succession planning. The annual cost of this insurance would be approximately $390,000.

When writing a business plan, it is important to project into the future and not get bogged down in the steps involved in starting the company. Keeping the stone rolling is just as, or even more ...

The importance of business planning parallels – and follows – the necessity of strategic thinking and plans. You should strategize first. Consider using the effective SWOT – strengths ...

Transition planning addresses several problems that prevent owners from achieving better transition succession rates and sustaining business growth. In practice, here are some of the top hurdles ...

Planning is one of the most important parts of running a business, no matter whether it is a large multinational corporation trying to plan an.

Amid market volatility, staying grounded in the fundamentals of strategic planning is critical to weathering adversity. In the past year, uncertainty has been a constant for organizations across ...

“Companies that don’t do strategic planning and think about their capital needs through the process might find they aren’t properly capitalized for a crucial next step.” Smart Business spoke with ...

And speaking of “things going awry,” I’m guessing 2020 gave you some reasons to consider doing the same thing. The COVID-19 pandemic affected almost every business, but in different ways.

Businesses of all sizes are recognizing the integral role that strategic planning plays in achieving digital marketing success. From startups aiming for rapid growth to established enterprises seeking ...

Without a thoughtful five-year plan that’s updated annually to address shifts and changes in business cycles, companies often don’t have enough capital to compete effectively as they grow. Huntington ...