According to the Conway Center for Family Business, family businesses account for 64% of the U.S. Gross Domestic Product (GDP), yet 57% of family businesses have no formal succession plan. 1 While the ...

As a Certified Exit Planning Advisor, exit planning is a subject that’s near and dear to my heart. Unfortunately, it’s an often overlooked and misunderstood area in business. I often encounter ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Signed into law on July 4, 2025, the One Big Beautiful Bill ...

You’re set on becoming a franchisee. You may think it’s time to call a franchisor, tell them you’re interested, and get funding from your local bank, right? Wrong. If you’re considering buying a ...

Sound financial preparation is essential for every business, regardless of size or industry. Companies need to forecast their revenue and expenses to achieve profitable growth and avoid financial ...

Succession planning isn’t just about passing the keys—it’s about protecting the legacy, the value and the people behind the business. Unsplash+ Why are so many small business owners stalling regarding ...

Personal plans are often the last type of plan a business owner considers, if at all. Millennials value work-life balance, and starting with a personal plan can help you achieve it. Personal planning ...

WSJ Buy Side is The Wall Street Journal’s research and commerce team. Our commerce content is distinct from our newsroom coverage. We earn a commission from some links in our articles. Learn more. A ...

Success does not happen by chance – businesses need to plan for it. The process of business planning helps you describe the state of your business now, what you want to achieve, and the steps you will ...

Most business plans rely on a single version of the future. That is a problem. When reality shifts, when demand dips, supply costs rise, or hiring stalls, leaders are left reacting instead of ...

Business owners pose a unique challenge for financial advisors when it comes to retirement planning. With their often highly concentrated wealth and entrepreneurial mindsets, business owners don't fit ...