Carl Raff & David Williamswww.BEAdviceNow.com

“Ideas are the beginning points of all fortunes.”Napoleon Hill (American author, 1883-1970)

Common Mistakes Small Businesses Make

Executing a plan toGrow, Protect & Transfer Wealth

Top 10

The plan for many business owners is

to grow, protect and transfer their

wealth.

Our goal is to identify common

financial pitfalls that jeopardize

their plans for success.

3

Grow

• Seed/StartupIgnoring the financial side…undercharging

• Venture CapitalAvoiding Planning/Research…putting the plan on paper

• Private EquityIneffective marketing

• Initial Public OfferingLack of Capital for Growth

4

Protect

• Asset ProtectionIf It Looks Like a Duck…

• Retirement PlanningDelaying Professional advice

• Key Person InsuranceTrying to do it all yourself

5

Transfer

• SuccessionAvoiding difficult decisions

• Transition/SaleNot respecting employees

• TaxesToo Much, Too Soon, Too Late

6

Business owners devote a large

part of their life—time, energy,

and labor—to build and run their

business.

They need a plan that

acknowledges how much of their

wealth—and their energy—is

concentrated in their business. 7