Small business

Latest Stories

10 Key Tips for Starting a Business

By Melanie Colusci | February 15, 2019

You’ve decided that now is the perfect time to start that new business you’ve always talked about. You’re determined to stop talking about it and to start making it happen. But, before you start, you may want to consider a few tips that can help make your business successful.

Financial Planning When You Lose or Change Your Job

By Carl DeMarco | January 15, 2019

Changing a job presents a tremendous financial change. Here are some of the financial planning opportunities and pitfalls that you may encounter while changing jobs – whether the change is voluntary or not.

Tax-efficient Transition Planning for Family-owned Businesses

By Zachary Meissner | November 20, 2018

Even if a family-owned business has a strategic transition plan in place, there are a variety of ways that unforeseen tax implications can disrupt a successful transition.

Be Prepared Before Starting Your Own Business

By John Caserta | May 1, 2018

There comes a point when many people wonder whether they should strike out on their own and start their own business. Approximately 14 percent of working-age people in the U.S. are entrepreneurs. But while the siren song of entrepreneurship may sound sweet to those laboring at the oars as wage-earning employees, careful planning is needed to ensure you don’t end up dashed upon the rocks.

Deferred Compensation Remains a Good Choice for Highly Compensated Employees

By J. Clifford Dixon | March 20, 2018

Deferred compensation is an often-overlooked way of sheltering income from taxes. It’s not right for everyone, but it has one big advantage: There is no limit to how much income can be deferred.

Safeguard Your Small Business With Key Employee Insurance

By Penn Mutual | December 26, 2017

One of the most important aspects of owning a small business is protecting your assets, and that includes the most valued members of your team. That’s where key employee insurance comes in.

Social Media for the Small Business

By Amy McIlwain | August 8, 2017

We live in the era of social media. It pervades our lives, shaping it in ways we hardly recognize. Small business owners may hear “they need to be on social media,” but they often don’t know where to start or what to do. Here are five simple steps to getting started with social media.

Use a Midyear Financial Checkup to Boost Your Business by New Year’s Eve

By Penn Mutual | August 1, 2017

Maintaining your business’s financial health is a lot like preserving your physical health; you need to schedule regular checkups to make sure everything’s running smoothly. With the year half over, it’s a good time to hit the pause button and assess how well your business is doing.

Reflections on the Death of a Friend, Age 45

By Michael Dunne | July 18, 2017

There are moments in life when we in the life insurance business personally witness the impact that a policy can have on individuals and their families. Unfortunately, there are also times when we see the impact on those who we didn’t reach.

Why It’s Important to Understand What Your Business is Worth

By Roy Lenzo III | July 5, 2017

Without having a solid understanding of the value of your business, you may be setting yourself up for trouble. This can put you in a difficult position when it comes time to sell the business, borrow money, pass it on to your heirs, or even make everyday decisions about how to grow.