Small Business Boomers

CNBC recently released a ranking of U.S. states as to their competitiveness and top states in which to do business.  CNBC used ten weighted categories and combined rankings for all categories to get an overall ranking.
The categories were (in order of most to least weight): cost of doing business (taxes), work force, economy (“solid” – whatever that means – and diversity of industries), education, quality of life, technology and innovation, transportation, cost of living, business friendliness (regulations), and access to capital.
I commented in my About.com blog that I disagreed with the weighting.   Access to capital is a heck of …read more

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As any baby boomer in business knows, it is smart to think about what to do with your business “at the end.” What will you do when the day comes when you can’t manage your business any more? Now, I know lots of business owners running successful businesses into their 70s, 80s, even 90s. But it is a good idea to plan ahead.
Here are some thoughts from New Hampshire Business Review :
The purpose of “exit planning” is to maximize the value of your business when you leave, whether you leave it to family, or sell. Think …read more

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