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Small Business

Are you thinking of starting a small business in your 60s? It's not as unusual an idea as you might think. In fact, older entrepreneurs are becoming increasingly common. We'll take you step-by-step through the process of building your profitable business.

1 year ago

To Be or Not to Be a Landlord

Today’s economy has us all searching high and low for some extra streams of income, right? The latest stock market volatility and interest rate skyrocketing makes us feel like we are on a daily roller coaster ride that has no end in sight!

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1 year ago

10 Non-Girly Business Ideas for Women

If you consider yourself a non-girly soul, you might be looking for business ideas that are more than just about the money. Or what’s trendy. Or that require you being chained to a computer all day long, when instead you could be mastering…

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1 year ago

5 Reasons to Start Selling Your Business Today

You’ve just finished another long day, and not for the first time, you wonder: “Am I ready to move on?” It’s a question many small business owners grapple with, often pushing the answer into the future. After all, your business is more than just a job – it’s a…

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1 year ago

4 Ways to Successfully Work from Home After 60

It’s become very common for the 60+ crowd to finally carve out the time to begin the home business they were afraid to try in their younger years or to monetize a hobby or passion. Very likely, they will be working from home, and as exciting…

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1 year ago

Understanding Your Buyer’s Perspective: The Key to Selling Your Business Successfully

If you’ve read some of my other posts on SixtyandMe, you know one of my core beliefs about selling a small business: it doesn’t matter what you think your business is worth; it only matters what someone is willing to pay for it. Thus, the…

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1 year ago

Navigating the Emotional Rollercoaster of Selling Your Small Business: A Roadmap from William Bridges’ “Managing Transitions”

Selling your small business is more than a financial transaction – it’s an emotional journey. A business owner who’s been through that ordeal knows the feelings that arise: identity loss, the overwhelming urge to just “get it done,” and excitement mixed with…

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1 year ago

The Importance of Confidentiality: Part 2 – How to Maintain Confidentiality and When to Inform Key Stakeholders

When I sold my business several years ago, keeping clients and employees in the dark during the sales process was emotionally draining and a challenge from a practical standpoint. I knew keeping a lid on things was crucial and, at the same time, I wanted…

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1 year ago

The Importance of Confidentiality When Selling Your Small Business: Part 1 – Risks, Benefits, and Challenges

When I sold my business several years ago, keeping it confidential kept me up most nights. I was equally concerned about keeping clients in the dark and our team from feeling betrayed when they found out. However, I knew I’d need to let all key stakeholders…

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2 years ago

Are You Confident You Would Receive a Good Offer for Your Business?

The number one reason a business doesn’t sell is because the owner places an un-realistically high value on her business. Think of it like you’re selling a house. You have wonderful memories created in the house. It’s served you and your family…

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2 years ago

What You Need to Know About Taxes When Selling Your Business

Selling your small business comes with several tax implications, depending on factors like the sale structure and the nature of the assets involved. To get an overview of key tax issues, I spoke with Adrienne Stewart, CPA/ABV, a senior manager at Larson Gross…

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