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 ...

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 ...

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 ...

Opinions expressed by Entrepreneur contributors are their own. Strategic planning is an organization’s process of defining its strategy or direction and making decisions on allocating its resources to ...

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 ...

Matt Webber is an experienced personal finance writer, researcher, and editor. He has published widely on personal finance, marketing, and the impact of technology on contemporary arts and culture.

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 ...

October 24, 2025 - As part of the so-called "Silver Tsunami," around 41% of all privately owned businesses in the United States are owned by Baby Boomers (birthdates between 1946 and 1964) with ...

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 ...

Estate planning may not be a topic you want to think about, but it's essential for small-business owners. Besides a will, you may also benefit from setting up a revocable living trust. Be sure to ...