HOW WILL YOU SELL YOUR BUSINESS?20230412011951
HOW WILL YOU SELL YOUR BUSINESS?
April 12, 20230 comments
Twenty-five years ago I read the book “The E Myth: Why Most Small Businesses Don’t Work and What to Do About It” by Michael E. Gerber. It was a book that changed my business life forever. If you are in the small group of small business survivors that have endured the many trials and tribulations […]...
Is it time for financial doom and gloom? We think not.20220222172401
Is it time for financial doom and gloom? We think not.
First and foremost, we must remember that this is not the time to take a short-term view of the situation. Everything has a cycle—markets, economy, taxes, and politics. This is not the first time in history we’ve experienced similar cycles, and that means we can learn from history....
Financial Planning Designations: Who does what, and who do I need?20210720202155
Financial Planning Designations: Who does what, and who do I need?
As if the financial planning and wealth management industry wasn’t already full of jargon, the certifications and designations behind advisors’ names simply add more confusion to the industry. These days there are numerous designations that advisors can get, but they don’t all add up to the same use or value for the client. Here are a few of the most common designations you’ll find in financial ad...
Health Spending Accounts: the benefit plan alternative20210720171339
Health Spending Accounts: the benefit plan alternative
An HSA (also called a Private Health Services Plan) is a method to provide medical, dental and vision benefits in a tax efficient manner; it is Canada Revenue Agency-approved (when constructed properly). A corporation can write off 100% of the costs related to its HSA and all expenses are reimbursed tax-free to the employees ....
Interview with Richard Kluska: Exit Strategies Part 2 – Keeping Busy After Exiting20210422184629
Interview with Richard Kluska: Exit Strategies Part 2 – Keeping Busy After Exiting
Exiting a business isn’t a one-size-fits-all situation. Everyone is going to have a different idea of what their ideal retirement looks like. A big issue for many people is that they still aren’t ready for the retired life when it comes time to exit their business. So what are they supposed to do with their […]...
Is the Third Wave ‘Strike Three’ for Small Business?20210422181856
Is the Third Wave ‘Strike Three’ for Small Business?
As Canada finds itself immersed in the third Canadian wave of the COVID-19 pandemic, a multitude of businesses have been locked down again. There’s one pressing question on the minds of business owners everywhere: will Wave Three be Strike Three for small business? It will depend, says the experts. “For some businesses, COVID has provided […]...
Getting what you earned: Converting business values to personal net worth & income20210422174504
Getting what you earned: Converting business values to personal net worth & income
April 22, 2021business strategies, exit strategies, Family office, Finance, financial planning0 comments
With boomers leaving the workforce and retiring in droves, recent stats show that less than 50% of business owners have a clear plan for leaving their business with money in their pocket. Richard Kluska and the team at IP Private Wealth is working to get them back on track. For the past 20+ years, Kluksa […]...
What should I do financially in my 30s?20210413184212
What should I do financially in my 30s?
The millennial is someone who was born anywhere between 1981 and 1996. Often the kids of hard-working baby boomers, they are usually ambitious, educated, self-confident, and technologically savvy. They often go against the conventional way of thinking or doing things, and tend to push the limits. Most importantly: they are up to 40 years old […]...
Interview with Richard Kluska: Understanding Exit Strategies20210317142419
Interview with Richard Kluska: Understanding Exit Strategies
When it comes to owning a business, there’s always this little voice in the back of your head wondering what will happen in the future. Will you pass your business down through your family? Will you sell off your business to an investor? How will your business assets translate into a successful life for you […]...
Clip: Exit Strategies20210307212843
Clip: Exit Strategies
At some point, every business owner has to exit, and there are both financial and emotional impacts with that decision. CEO Richard Kluska talks about the first tenements of a successful exit. Listen to the full interview on the IP360° Podcast....