Tag Archives: Exit Plan & Retirement

Financial Freedom: What does it mean to you?

Posted on 21. Sep, 2008 by Elizabeth Potts Weinstein.

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When we are planning for our finances, we must decide how we will measure our success.  One measure is achieving Financial Freedom – but what does financial freedom really mean?
The term “financial freedom” is thrown around both by traditional financial planners and investment advisors, as well as every infomercial get-rich-quick scheme.  Typically, most of the [...]

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Estate Planning: What Every Business Owner Must Have (even if you’re single or broke)

Posted on 15. Sep, 2008 by Elizabeth Potts Weinstein.

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Every business owner needs some basic estate planning documents, even if one who is single with nodependents, or whose business is not “worth anything” yet.  Think of your business, clients, and customers as dependents of a sort that need to be considered in case you were no longer around.  If you have a spouse, life [...]

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Your Exit Strategy: Creating Passive Revenue Streams in Your Business

Posted on 21. May, 2008 by Elizabeth Potts Weinstein.

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Passive revenue streams not only gradually take you out of needing to work hours-for-dollars, but also provides an asset that can be sold, individually or as part of your business. 
One principal of passive revenue streams is to convert whatever service or expertise you provide into a product.  This information product teaches your system for providing [...]

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Don’t want to work forever?

Posted on 21. Feb, 2008 by Elizabeth Potts Weinstein.

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Even if you love your business and have no plans to sell, I can guarantee you will not be able to run your business forever.  You may not be ready to create a formal exit plan, but here are a few steps you can take today to create value in your business, in preparation for [...]

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The Best Retirement Plan for Solo-Entrepreneurs

Posted on 27. Nov, 2007 by Elizabeth Potts Weinstein.

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The best retirement plan for most solo-entrepreneurs is the Solo 401(k). 
No, not a SEP-IRA or Simple or Keogh … but a 401(k) just like the old 401(k) you had at your last corporation job … with a few GREAT differences. 

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