Featured Posts
Small Business Succession Planning Overview
If you’re thinking about small business succession planning in MD, you are thinking about what comes after. After you’ve taken your business as far as you can. After… READ MORE
Business Exit Planning Explained
Google “exit planning”. Did you get about 29 million results? Now, discard those related to pulling troops out of foreign countries. You are still left with thousands of links to the websites of advisors that promise to help you exit your one-person or multi-owner business, right? READ MORE
Choosing a Retirement Plan for Your Small Business
We met “Luis” during the meet-and-greet following a chamber of commerce sponsored event for member business owners. My team and I had been part of an expert panel talking about preparing a business for sale, but that wasn’t what was on Luis’ mind. READ MORE
Recent Posts
Choosing a Retirement Plan for Your Small Business: Where Owners Should Start
We met “Luis” during the meet-and-greet following a chamber of commerce sponsored event for member business owners. My team and I had been part of an expert panel talking about {{{{link id='1141' text='preparing a business for sale'}}}}, but that wasn’t what was on...
The Best Retirement Plans for Small Business Owners with Employees
{{{{link id='1143' text='In our last article'}}}}, we met “Luis,” a fictional business owner who asked us a very common question: How do I create a financially secure life for myself (and my family) after I leave my company in Baltimore? In a very personal way, he was...
Lifestyle Protector Process™
The Lifestyle Protector Process™ Small Business Financial Planning in DC, Maryland and Virginia You are a successful business owner, so it is clear that you know how to generate income. One day you run into your long-time buddy. The two of you started your businesses...
Transferring Your Business to Your Children (Part 2)
Last time, we discussed how to transfer your business to your children. We mentioned three of the five tasks we use at Obsidian during the family business transfer process. To recap, visit our {{{{link id='1324' text='previous blog'}}}}. Today, we conclude this...
Transferring Your Business to Your Children
So you want to transfer your business to your children. Do you know if that child wants to own a business? Not to be insensitive, but have you assessed whether that child has what it takes to run a business?These are tough questions! We know, because we’ve stood by...
Five Steps to Take Before You Sell Your Business Through A Broker: Exit Planning Tips from Experts in Maryland
Sitting down with a business broker without doing your homework is a risky move. It’s even more risky when, like most owners, your financial security depends on selling your business for the best possible price. What kind of risks could you be looking at if you're...
Is Selling Your Business to Employees the Right Move? The Benefits and Downsides of Making an Employee a Buyer
If you have given some thought to one day selling your business to your employees but have also wondered how that might work, you are not alone. Meet “Jasmine,” a typical--but fictional--owner, who came to us with her questions about transferring her 23-person D.C....
Divorce With a Business Involved
Divorce. Maybe you’ve been through it. We all know people who have. It’s tough under the best of circumstances and having a business in the mix is far from the best circumstance. But you don't need to be worried that the end of your relationship means the end of your...
Designing A Plan: Selling Your Business to Key Employees
In our article, {{{{link id='1142' text='Selling Your Business to Employees'}}}}, we met “Jasmine,” the fictional, 63-year-old owner of a professional services company in the DMV-Washington D.C. area. She was considering selling her business to a group of her key...
About Obsidian Business Planning Solutions
Why Obsidian? “We hired you because you understand that we don’t separate our personal goals from our business.” Like so many of our clients, this business owner had interviewed multiple financial planners who could create personal financial plans, and even more...
Disability, Death and Business Planning
Death and disability are two conversation-killers that we need to talk about. Today. The survival of your business and financial security of your family depend on the actions you take before either of these awful events occurs. Once you make a plan, I assure you that:...
How To Grow Your Business (Part 2 )
Previously, we discussed how to grow your business and the key value drivers. Today, we continue that discussion. We take an in-depth look at how other value drivers can improve the growth of your business. These elements either reduce a buyer’s risk in purchasing...
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