Archive | Planning

New Entity Choices: LLLPs and SPCs

Most of us are familiar with the various choices for the type of business entity. Traditionally there have been proprietorships, general partnerships, limited partnerships and corporations. About 25 years ago limited liability companies (LLCs) were added and they have been a very popular choice. In 2012, the Washington State legislature provided us with two new […]

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Writing a Business Plan–Why is it so Hard?

My topics are often the result of recent experiences with clients. This is no exception. I am currently in the midst of writing Business Plans for three of my clients. And I’ve got two more that I will probably be starting soon. In all cases, we started with the business owner desiring to write the […]

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The Power of Planning

I’m a big proponent of planning. I believe that planning is a key—not “the” key—to being successful. You still need a value proposition and a business model that makes sense. You can plan all you want but if the business doesn’t work, it doesn’t work. But if you plan, you’ll probably figure out it doesn’t work […]

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Do You Have a 2020 Vision?

That title line isn’t about your eyesight. It doesn’t ask whether you have 20-20 vision. It asks whether you have A Vision for the year 2020; five years from now. While predicting the future is always tough, even three years out, how can one predict ten years from now? It is difficult, I agree, especially […]

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