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Succession Planning vs. Exit Planning • Financially Simple

I often hear business owners referring to succession planning and exit planning as though they’re interchangeable terms. While similar, the differences between a sale, a succession, and an exit are significant. Each one has a different end goal in mind. Understanding the differences and how they work together is critical. That’s why today’s entry is

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3 Metrics to Determine Your Ideal Client • Financially Simple

As a business owner, it can be tempting to work with anyone who can fog a mirror. While this may be a necessary tactic in the early stages of your business, it may not be the best long-term strategy for maximum growth and efficiency. Not all clients are created equal and, at some point, you’ll

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5 Steps to Gaining Employee Buy In • Financially Simple

People crave routine. There’s security in the normal patterns of our lives. That’s why change can be difficult to accept. Even when it’s for the better, change disrupts our patterns and our routines. Rejecting change is almost human nature. That’s why implementing new policies, procedures, systems, and processes in your business can be difficult. If

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2023 Brings Challenges for These Industries

Whether you’re ready or not, 2023 is here. With it comes new economic challenges both on the global front as well as domestically. Many of the trends we saw in 2022 will continue as many people hunker down for a recession. We’ll see significant changes in consumer spending, the labor market, and energy sectors. But

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