7 Questions to Ask Before Selling Your Business – Steps to Take

selling a businessEach year, thousands of small businesses change hands. Some owners decide to retire, others need new capital to exploit market opportunities, and some businesses fail and are liquidated.

According to the BizBuySell.com Fourth Quarter 2014 Insight Report, 7,494 small businesses traded hands during 2014, the largest number of transactions since BizBuySell starting tracking sales data in 2007. While higher than previous years, there are approximately 45,000 small businesses – ranging from restaurants and retail stores, to service and manufacturing companies – available for purchase at any given time.

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Lifetime Savings Plan – Major Life Expenses & Savings Principles at Every Age

saving for the futureMany Americans are now discovering that a comfortable retirement and adequate healthcare are beyond their means. As a consequence, we are working later in life, lowering our expectations, and going without not only luxuries, but essentials as well.

The decisions we make through our lives come with financial consequences. These choices include the careers we develop, the colleges we attend, the people we marry, the size of our family, and the lifestyles we adopt. While many of these choices may seem out of our control, it is possible to make adjustments along the way to minimize their worst financial consequences. The advantage available to everyone is time: The sooner we understand the long-term impact of our decisions and make the necessary changes, the more likely we are to reach our financial goals.

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Understanding Economic Subsidies & Incentives for Corporate Relocations

walmart photo by ken wolterThe taxpayers of America are unknowing victims of corporate extortion, effectively subsidizing big companies at the rate of billions of dollars each year for corporate relocations. The subsidies are often in the form of tax benefits, but may even be cash payments to companies threatening to move from their existing location – or to companies willing to move if the bribe is sufficient.

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10 Year-End Tax Planning Strategies to Save More Money

determining tax deductionsDespite what Democratic Senator Ron Wyden of Oregon calls “a rotting economic carcass that’s infected with chronic diseases like loopholes and inefficiencies,” federal tax reform is unlikely to occur until after the U.S. presidential election in 2016. Deadlock between the political parties is likely to continue, especially in light of Republicans gaining control of both houses of government during the November 2014 elections.

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5 Challenges for American Businesses Today – How to Succeed in a Global Economy

businessmanFor almost 200 years, America has enjoyed global leadership in science, commerce, and government. As a consequence, the United States has become one of history’s greatest economic powers, dominating the 19th and 20th centuries. The ability of Americans to “think outside the box,” their courage to challenge conventional thinking, and their confidence to persevere despite numerous setbacks has inspired generations and continues to change lives around the globe.

Leaders understand that greatness is more than building personal wealth or power, but creating products and services that improve the lives of individuals and the overall human condition. But as trade barriers between countries have fallen, leaders are faced with new challenges, and America’s preeminent status as the world’s dominant economy has been and will continue to be challenged as never before.

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What Is Medical Tourism – Reasons, Risks & Potential Savings

medical tourismImagine having major surgery at an internationally accredited hospital, performed by a board-certified surgeon, and then recovering with your spouse in a four-star hotel on the beach in Costa Rica. Add daily nurse and physical therapist visits to the mix, and all for less than the cost of the surgery, hospital stay, and rehabilitation in your home city. This is medical tourism – and many Americans have recently discovered it.

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Are Online Degrees Worth It? – Cost, Perception & Downsides

online degreeAccording to a 2014 Pew Research report, Millennials – those born after 1980 – are the best-educated generation in the history of the United States. More than one-third have bachelor’s degrees, compared to one in four of their parents and grandparents.

This statistic may surprise many readers, considering the exponential increase in the cost of education during that period. According to the National Center for Education Statistics, a graduate in 1979 incurred less than $10,000 in education costs (in 2012 dollars), including room and board. By contrast, according to COLLEGEdata, a 2013 graduate spent almost $120,000 for the same degree and owed more than $33,000 in school debt as of graduation.

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4 Reasons Why You Should Write an Autobiography or Personal Memoir

writing an autobiographyDuring the last five years of my father’s life, he began a series of letters and memos to my younger brother and me about his life. Dad was not a famous man, nor a particularly accomplished man – at least, not by standard measures of success. Nevertheless, his letters chronicling a childhood during the Depression in the midst of the Dust Bowl, his experiences as a infantryman on the battlefields of Europe, and life in the 1950s were an incredible record of an extraordinary life and time in the history of America.

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What Is Udemy (Review) – Educational Platform for Online Video Courses

Limited Time Offer: Sign up for one of the financial courses from Udemy listed below using coupon code MONEYCRASHERS75 to get 75% off the price (expires November 30, 2014 at 11:59pm PDT).

udemyImagine a future where you have 24-7 worldwide access to an unlimited team of personal tutors, each an expert in their field. These “experts” explain their subjects in simple, practical language; they are incredibly patient, willing to repeat lessons without complaint; and their advice is free or comes at a minimal cost. That future is here – in the guise of a new instructional platform pioneered by Internet firms like Udemy.

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6 Keys to a Comfortable and Happy Retirement

retirementGene Perret, the comedy writer for such popular television shows as “All in the Family,” “Three’s Company,” and “The Carol Burnett Show,” once said of retirement, “It’s nice to get out of the rat race, but you have to get along with less cheese.” Almost everyone looks forward to that time when they can sleep as late as they want, spend their days traveling or playing golf, and opining about the state of civilization.

But the responsibility for a comfortable retirement rests almost completely on the shoulders of the individual worker. Government programs like Social Security and Medicare provide a minimum level of income and healthcare costs to recipients as these benefits are intended to be supplemented with employer benefits and private savings.

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