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BusinessHub

SWBC's BusinessHub blog is a one-stop resource for business owners and company decision makers.

 

Recent Posts

Buy-Sell Agreements: Protecting the Future of Your Business

What words pop into your head when you think of yourself as a business owner—decisive, responsible, a go-getter? Although all business owners are different, one common factor for most is that they stay busy. Busy with clients, busy with employees, and busy building a successful company. But, what happens when business owners are no longer around to make decisions and run the company that they spent all those years investing time and money into? Will the company fail? Will it continue to run smoothly?

If you're a business owner, there may be countless questions you ask yourself when you think about the future of your business. That is why it is important to plan for not only your families’ future but also the future of your company.

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Key Person Life Insurance: Can You Risk Not Having It?

Would your business be able to survive without its key players? Chances are it would drastically suffer or at least you financial gains might take a significant hit, not to mention to the overall success of your company. When all is said and done, most key employees are worth more than their salaries. Think about it—their performance, typically, is the best of the best at a company; they probably know the company and its policies inside and out—a difficult trait, in any industry, to "teach," and they provide the backbone of what keeps your company in drive. It is nearly unthinkable to have to consider replacing an employee of this stature.

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