With an estimated 8 million businesses expected to sell or transfer their business due to the Great Wealth Transfer, you might be surprised on how few of these owners are preparing for their transfer. According to headwayexec.com, 58% of business owners have no transition or succession plan. Less than 1/3rd of businesses have a written ...

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Due to Baby Boomer’s aging, it’s estimated that over 8 million businesses will either sell or be passed on to the next generation. Many are calling this the Great Wealth Transfer. Many business owners have worked hard to build a culture that pleases God. But often taking the highest sale price can result in selling ...

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Up until the 1980s, pension plans were a common approach for employers to help employees with retirement. Unfortunately, the investment risks became a bigger burden to carry than many businesses felt they could afford. Ted Benna, a benefits consultant, however, shrewdly discovered a 1978 tax provision that could replace the investment risk of these pension ...

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John Patterson is a little-known businessman who significantly raised the level of professionalism for sales professionals. In the 1880s, Patterson founded the National Cash Register business to sell high-quality cash registers. Patterson realized his product needed much more public awareness. So, he formed a team of sales professionals who were trained to dress professionally, overcome ...

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For those business owners who desire to give from their profitability, a donor advised fund (DAF) can allow them to donate into their DAF in late December for their tax deduction. Then in January, the business owners can determine to which ministries they desire to give. DAFs, however, take away the urgency of selecting ministries ...

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As we begin a new year, many people have developed their strategic plan, their marketing plan, or their financial plans for the year. How many businesses, however, have ever considered developing a ministry plan? If you’re sincere about your faith, wouldn’t it be helpful to have a plan with your goals and how to ...

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In 2001, I owned a consulting practice that morphed into less consulting and more ministry. God’s blessing on those ministry activities led to forming a nonprofit today called Unconventional Business Network. During that transition I wanted to assure that I was following God’s vision rather than mine. I fasted, prayed and journaled. The result was ...

The post Unconventional Planning appeared first on Unconventional Business Network.

It’s hard to know whether the plans I develop for the New Year are from me or from God. I’m a very optimistic person so my plans can lean towards being unrealistic. Yet, a common question is, “If I’m carrying out God’s purpose, wouldn’t He provide all that’s required?” Although I don’t have all the ...

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