Keeping the family business in the family
By Eric Reich There are roughly 32.4 million family businesses in the U.S. currently. Those businesses employ 62% of the U.S. workforce and contribute to 64% of the total U.S. total GDP. These statistics are astounding to some people, given the proliferation of giant...
Selling your business
By Eric Reich In the last few articles, I focused on business owners starting to plan for an eventual exit from the business. I know most owners don’t want to think about an exit, but guess what? You are going to exit it one way or another. The startling fact that...
Exit planning for business owners
By Eric Reich One of the more sensitive topics for business owners is exit planning. Last week, we discussed taking steps to allow you to begin to put your and your family’s needs before the needs of your business. We talked about developing future leaders and...
Don’t put your business needs before your own
By Eric Reich Every business owner just read that and said to themselves, “Yeah, right!” As business owners, business always comes first. It comes before our own needs and, unfortunately, even before our family’s needs at times. It is something business owners think...
Healthcare costs in retirement
By Eric Reich One of the biggest concerns for retirees is the cost of healthcare, and rightly so. Medical expenses are estimated to run a retired couple around $315,000 over their retirement. This can obviously take up a significant portion of a retiree’s...
