sored the survey of 200 small business owners in Connecticut
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outlet sale, and Pennsylvania. The survey, which Papalia released in September, shows that 85 percent of the respondents acknowledge that they are not content with their current financial planning.“It’s surprising and even a bit alarming to find so many small business owners taking such a casual, shortsighted approach to plotting their future,” said Mark Papalia, President and Founder of Papalia Financial. “When you think about how much time and effort these entrepreneurs have invested in their enterprises, you would expect them to have a more structured
nike jordan heels uk, formalized plan to preserve their assets for the future.”Business and succession planning is important but:38 percent said they “do not have a business succession plan or long-term exit strategy” set for their business.30 percent said that their plan “is in my head only and has not been fully documented”.10 percent acknowledged that their plan “is not fully developed” and that they “should have a real plan”.Do you recognize yourself in any of these statements? I did. For a long time I was in that 30 percent category. That’s where the Get Your Financial Year in Gear program yilai:
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