Business Owner Resources

Please check out the various newsletters and white papers geared towards business owners, courtesy of Wells Fargo Private Bank.

2022 Outlook for Business Owners

When is the last time you asked yourself, "What do I want from my business?" As we turn the page to 2022, after two years of dramatic change in the economy, the markets, and personal lives, many business owners are reflecting on and reevaluating their intentions like never before.

No matter how your busiess fared through the pandemic, protecting and capitalizing on the value of your business is a top priority. This outlook is intended to help you assess several factors that can have significant impacts to business owners and suggest key actions to consider as you plan for the upcoming year.

To read the full report written by Tracey Gillespie, National Director Business Owner Advisory, William Keller, Regional Chief Investment Officer, Sam Farnham, Head of Americas M&A, & Stuart Green, Senior Wealth Planner, please click here.
*By clicking on the link you are entering a website that Wells Fargo Advisors does not control. Wells Fargo Advisors has provided this link for your convenience, but does not endorse and is not responsible for this content, links, privacy policy, or security policy of this website. The material has been prepared or distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy.

Wealth Planning Updates & Newsletter Archive

Provided Courtesty of Wells Fargo Bank, N.A.

The importance of buy-sell agreements for business owners | A buy-sell agreement is a written contract between two or more owners of a business, or among owners of the business and the entity. It sets out rules and expectations about what will happen in the event of the death, disability, divorce, insolvency, employment termination, or retirement of any owner (a "triggering event").

To read the full white paper, written by Business Owner Advisory Strategist, Eric J. Smith, click here.
Why every business owner needs a contingency plan | Having a contingency plan for your business can help address emergency situations if something unexpected occurs. A contingency plan should address both the continuation of the operations of the business and the ownership and control of the business.

To read the full white paper, written by Business Owner Advisory Strategist, Bob Robes, click here.
How to groom your business for sale | During the sale of a business, there are several common issues sellers may face during the due diligence process. By addressing key items in advance, you can resolve many issues before a potential buyer raises them. If you are considering selling your business, properly preparing it for sale can help streamline the process by eliminating some of the unnecessary delays and expenses.

To read the full white paper, written by Lead Wealth Planning Strategist, Steve McConley, click here.
Family business transition: Seven things you need to know | Transitioning a family business from one generation to the next is no small task. Research has shown that only about 33% of family transactions are deemed "successful" as defined by the business continuing to operate in the next generation. What can you do to be a part of the 33% that succeed, not only in business but as a family? We outline seven considerations that are important to address when beginning succession planning conversations.

To read the full white paper, written by Business Owner Advisory Strategist, Jeremy Miller and Lead Family Dynamics Specialist, Gary S. Shunk, click here.

VRM Intel Articles

Please check out articles written by Bill Whichard and John Woolard, Private Wealth Financial Advisors, for publication in VRM Intel magazine.

VRM Intel Article Archive

Connecting Your Business and Your Personal Goals with a Plan | Most successful business owners have a plan for their business and quite often they have a mission statement. Mission statements usually define a business' core values, its purpose and vision for how employees and customers should be treated. In many cases, this statement is a guide for employees and spells out expectations as to how they should perform their duties as well. Future goals are often expressed so that employees and customers know how the business hopes to grow and develop over time. The mission statement and the business plan help drive the direction of the business moving forward.

Click here to read why you should have a plan that connects your business and personal goals.
Incorporating the Exit Strategy into the Vacation Rental Management Business Plan | Every business owner understands the importance of having a well-designed business plan in place. A solid plan outlines strategies for growth, details how to train and motivate staff, and maintains flexibillity based on trends in the industry. The vacation rental management (VRM) industry has seen lots of recent change, and company owners are aware of the need to adapt. Having a business plan in place helps the management team know what is expected, even in the midst of these industry changes, and setting goals for the business motivates everyone to make strategic adjustments to stay on track. As the old saying goes: "If you don't know where you are going, any road will get you there." You just might not like where you end up.

Click here to see key reasons business owners should have a customized exit strategy.

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