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The Exit Planning Institute State of Owner Readiness Survey: Tennessee

Small businesses are the backbone of our economy.
They provide jobs, as well as economic and social well-being for
countless Americans.

The Exit Planning Institute surveyed more than 200 small business owners in the
Greater Nashville region and uncovered some glaring gaps in owners’ awareness
and preparation for an eventual sale or transfer of their business.

 
 
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MILLENNIALS in the workplace: How do managers inspire them? 

The Millennial Generation (born 1981–1995) is 76 million strong, and many
managers seem to have great difficulty understanding and inspiring them. And
that creates a problem, because they comprise 36 percent of today’s workforce,
a percentage that will grow to 46 percent by 2020. Millennials are tech savvy,
ambitious, and fond of working in teams; have a desire to make the world a better
place; and like to do things their own way. Unfortunately, some managers see them
as lazy, entitled, self-focused, and impatient—hence difficult to manage (White,
2015). The truth is that Millennials offer a set of skills and a mind-set that fit well with
the challenges facing organizations today. It is essential for managers to understand
how this generation thinks, what they are looking for in the workplace, and how to
inspire them to contribute their unique talents.

 
 
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Financing Your Business Now

Many private business owners are successfully emerging from the recent recession ready and willing to expand, but are uncertain how funding sources will view their requests for the essential debt and equity funding. 2nd Generation Capital has surveyed middle Tennessee money sources and has prepared this overview of financing alternatives in the local market with practical advice for business owners.

 
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building wealth & stability while in business:
aligning key employees with the growth of your business without giving up control

Bonus? Stock? Profit Sharing?  Our friends at Waller have prepared this handy chart to guide you in making decisions to align your key employees without giving up control.