My Business is Driving Me Nuts!

Central and Eastern Washington are experiencing explosive growth. Kris and Monica summarize the growth, resources for entrepreneurs, and specific opportunities in these areas.

Darla Klovski from LegalShield joins us to discuss ways to access affordable legal services for contract review, business formation services, and even estate services on a subscription-based legal service called LegalShield.

Contact Darla at: 509-262-0209.

A little-known option to finance your own business is to redirect your IRA from Wall Street to YOUR business. This not only gives you access to interest-free capital, but there are many other benefits to you. We'll discuss the benefits and risks with Brent Forsythe of Forsyth Capital Group: www.forsythcapitalgroup.com

DON'T MISS THIS IF YOU ARE SELLING YOUR BUSINESS!  
Washington State is undergoing changes in capital gains policies that will negatively impact sellers retroactively to January 2022.  There are 9 different tax deferral options that might be right for you and are all allowed by the IRS.  Get a quick overview and be sure to talk to Jack before you decide about how you will handle your proceeds from the sale. 

Jack Gruber, President, Ja-Mar Analytics:  https://www.ja-maranalytics.com/ (425) 365-7160

jack.gruber@ja-maranalytics.com

Maigan Snider, SBA Loan Officer from Bank of Idaho is our guest this week to share a little-known side door to an SBA loan may help you simplify the loan application process, move faster than traditional processing, and allow for challenging borrowing scenarios. Learn about this win-win scenario that might even help your cash flow and save on interest rates.   

Employment rates are up, yet the market is down, is this a supply-side recession?  What can we do about it?  

Join Doug and Kris for a discussion on specific things to prioritize in this weird time, from guarding cash to retaining employees and vendors, and getting creative in your acquisitions and exits.  

We extracted a segment of our 3-hour workshop:  "Buying/Selling a Business Step-by-Step" -- this is the final segment addressing special selling considerations.  Download the full PowerPoint presentation at https://bit.ly/BSB611

To access the entire workshop audio recording, contact kris@paulsonexchange.com 

Arne is moving down the path of transitioning his service business and shares some of his learning and tips, which is still fresh and in progress.  

Special Guest, attorney Marisa Ala discusses how estate planning for business owners is different than personal estate planning.  We discuss some common mistakes and misperceptions when you have the luxury of planning for succession.  There are considerations from formation to establishing your trustee and an important distinction between gifting and inheritance that could save you thousands.  Get an overview of practical steps to thinking about passing on your business legacy.  

As we age, we need to become more conscious of our tendency to resist change, especially when our business requires new approaches to survive. Here we discuss practical ways of shaking up the norms, bringing in a "change wingman", and the discipline to stay the course for new ways to respond to evolving markets, competitors, and customer demands to stay afloat.   

Hear about the entrepreneurs who have adopted strategies around the recent barrage of external forces that seem to be working-- from pivoting to diversification to automation to new talent acquisition paradigms, Kris and Doug discuss a few of the less obvious approaches to keeping a business above water.

If you started your business as the Technician, like so many founders, you find yourself needed for every decision, every solution, every day.  So how can you extract yourself from the core of your company so when you exit, your business lives on and your business is more appealing to buyers?