A Note From Rene’
As I am currently working with some clients who are preparing their businesses for sale, it seems timely to talk about what life can look like on the other side of selling your company. Have you ever heard of Private Foundations? How about Donor Advised Funds? Do you know how to maximize your company’s proceeds? Please consider joining me for a complementary virtual workshop on Thursday, October 21st from 11am – noon, featuring Chris Vidler with Concentric Wealth Partners. I am also hopeful that this month’s article will challenge your thinking about retirement and how to best prepare for life after business ownership.
As always, please let me know if we can be of any assistance and do keep in touch.
7 Reasons Entrepreneurs Don’t Save for Retirement
In a 2017 study conducted by Manta, 34% of entrepreneurs do not have a retirement savings plan. Just like having a business plan is important, so too is having a retirement plan. Below are some of the most common mistakes entrepreneurs are making when it comes to retirement planning:
Not having a plan. Just like you should have a plan for your business, you should also have a financial and retirement plan. While it’s always difficult to find time as a business owner, it’s important to take some time out of the business to focus on your financial health Read more…
*FocalPath Coaching Feature Client*
I appreciate each of my clients. And I am proud to feature you in my monthly newsletter! I recently had the opportunity to learn more about Paul Hill of Nationwide Electric Supply Co., Inc. Here is what I found out…
Tell us a little about your business – what does your company do and who are your customers?
Our customers are electrical contractors and distributors, as well as industrial end-users. They typically come to us for help with sourcing hard-to-find electrical distribution products; it may be obsolete or simply have a long-lead-time from the factory, but we frequently have it on the shelf. At other times, they aren’t quite sure what they want, due to a missing label or the obscure nature of a part… Read More…