Archives

Building Business Value by Becoming Replaceable, Part 1

March 4, 2020

As an employee, you always want to try and make yourself as irreplaceable as possible. When it comes to being a business owner, however, being replaceable can actually be a benefit. This is especially true when you have plans to… Read Now >>


How to Increase the Value of Your Business

February 26, 2020

Last week, we shared some methods you can use to set a resale value for your business. If you haven’t read the article yet, go check it out here. The other big question that clients will ask me when talking… Read Now >>


What is My Business Worth? 4 Ways To Develop A Proper Business Valuation.

February 19, 2020

Are you thinking about selling your business in order to retire or move onto a different business opportunity? You’ve put a lot of work into building up your business where it is today, so one of the toughest challenges is… Read Now >>


How Estate Planning Trusts Can Minimize Taxes for the Exiting Entrepreneur

February 12, 2020

Contrary to popular belief, a will is not always the ideal solution in an estate plan. This is especially true when it comes to entrepreneurs and business owners with more complex assets at stake. There may be distinctions between what… Read Now >>


Balancing Family Dynamics with Business Succession Planning

February 5, 2020

One of the most challenging aspects of developing your estate plan is what you leave behind for your family. It is very difficult to determine who will get what and why. It’s even more complex when there is a business… Read Now >>


What is Succession Planning?

January 29, 2020

Last week, we talked about the importance of business owners having a succession plan in place. In that article, it was part of a broader estate planning strategy to keep a business running effectively should something happen to you. This… Read Now >>


Estate Planning: What Business Owners Need to Know

January 22, 2020

When you own a business, you have a lot on your plate. You are spending your time, money and energy on building your business and trying to increase profitability. It can be hard to think about what would become of… Read Now >>


Sticking to Your Investment Strategy in Times of Crisis

January 15, 2020

In times of world crisis, some investors hit the panic button a bit too early and totally changing their investment strategy. Recently, we’ve been getting a lot of questions about how the military conflict between the United States and Iran… Read Now >>


What Are Your 2020 Financial Resolutions?

January 8, 2020

2020 is finally upon us! Not only are we in a new year, but we’re kicking off a brand new decade. Now is the time most of us try to make some New Year’s Resolutions. Eat healthier, lose weight, volunteer… Read Now >>


Happy Holidays from Illumination Wealth!

December 24, 2019

We wanted to take this opportunity to wish everyone a very happy holiday season. Being that Christmas, Hanukkah and Kwanzaa are all being observed this week, there is no more fitting time to celebrate the season and spread the message… Read Now >>