Real estate investor on beach with laptop managing vacation rental.

Featured post:

Maximizing Your Vacation Rental Income

If you own a short-term vacation rental property, you’ll want to do everything you can to maximize your profitability. Here are 10 simple tips we recommend to help you improve your ROI and increase your vacation rental income: 1. Keep… Read Now >>

7 Main Types of Business Exit Options, Part 1: Internal Exits

February 17, 2021
Conceptual hub with 7 different exit options

On the Illumination Wealth Blog, our focus lately has been on exit planning for business owners. Last week, we put together a checklist to help you know if you are truly “ready” to move on. These next two weeks, we… Read Now >>

Business Owner Exit Plan Readiness Checklist

February 10, 2021
Hand filling out a checklist

Are you truly ready to transition away from your business? This is a critical question every business owner must ask as they develop and execute their exit plan. Cashing out and moving onto retirement or another business venture sounds enticing.… Read Now >>

The Business Owners’ Financial Game Plan for 2021 [Webinar Replay]

February 5, 2021

The new year is here, but the economic uncertainty continues. In this webinar, we make sure you’re in the best position to understand and maximize the most recent stimulus, proposed stimulus, and tax law changes impacting business owners. Join our… Read Now >>

Why All Business Owners Should Have an Exit Plan Ready

February 3, 2021
hourglass representing time running out to develop business exit plan

Many business owners are planning to sell their business at some point in the future—or at least their personal ownership stake. That’s when it’s time to retire or move onto the next business venture. Whether you own a small business… Read Now >>

How to Narrow Your Business Value Gap

January 27, 2021
Coronado Bridge - metaphor for bridging the business value gap

As we discussed last week, calculating your business value gap is an important step to take (and continue retaking periodically) if your ultimate plan is to sell your business. The value gap represents your company’s actual market value compared to… Read Now >>

What is the Business Value Gap?

January 20, 2021
Outstretched hands as a metaphor for business value gap

Over the past two weeks, we’ve been talking about what the “wealth gap” is and how it affects business owners who may be looking to sell their business as part of a retirement plan. A big part of calculating the… Read Now >>

How to Calculate Your Wealth Gap

January 13, 2021

Last week, we talked about the wealth gap and how it affects business owners when the time comes to sell or leave their company. It should be a crucial component of your exit plan. However, it needs to be calculated… Read Now >>

Why Every Business Owner Needs to Know Their Wealth Gap

January 7, 2021
Compass in money to illustrate wealth gap and business planning concept

This month on the Illumination Wealth Blog, we want business owners and entrepreneurs to ensure their annual business planning— is aligned with their personal and financial goals. In today’s article, we want to focus on the wealth gap. What is… Read Now >>

The Importance of Tracking and Adjusting Your 2021 Financial Plan

December 22, 2020
Staying on track with a financial plan - conceptual

If you’ve been following the Illumination Wealth Blog this month, you will have seen a series of articles focused on annual financial goal setting and action planning to achieve those short-term (and long-term) goals. Here are the previous three articles… Read Now >>

10 Tips for Developing Your 2021 Financial Plan

December 16, 2020
Financial planning and strategy concept

This month, we’ve been talking about financial goal setting and building your financial plan for 2021. I encourage you to read the other two articles before this one: 7 Steps to Setting Better Financial Goals Building Habits to Achieve Financial… Read Now >>