How Small Businesses are Reinventing Themselves

American capitalism has never been more dynamic, even amidst an unforeseen pandemic.  The internet has partially leveled the playing field between large and small businesses.  However, the federal government’s corporate-friendly coronavirus financial aid programs have made survival, let alone profitability, that much more challenging for small businesses in Chicago, Libertyville, and beyond.   There is a

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Top 5 Financial Tips For Small Business Owners

As a small business owner in Libertyville, Illinois it is important that you keep on top of your business’s finances, of course. But you should also optimize your personal finances so that your entire economic life is well-managed and working for you at all times. What’s the best way to do that?    Are you

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Comprehensive Financial Planning for Small Business Owners

One of the smartest moves small business owners in Libertyville, IL can make is to consult with a CERTIFIED FINANCIAL PLANNER™ professional to set up a comprehensive financial plan.  Why? Well, starting and running a small business can oftentimes be very time-intensive and soak up all the time you have to devote to financial planning

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The Emotional Benefits of Working With a Financial Advisor

Financial advisors can provide tangible benefits in the form of investment advice that may increase net worth.  However, there are also some latent benefits of working with a financial advisor.  Ask anyone who has met with a financial advisor about the experience and they are likely to say the interaction resulted in emotional, psychological, as

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Four Ideas for Potential Financial Relief in Light of COVID-19

By Nicole Sullivan, CFP®, RMA, Director of Financial Planning The Coronavirus is significantly impacting households of all wealth levels. For some, it might be as minor as social inconveniences. But for many, the economic impacts are truly significant. On March 27, 2020, the bipartisan CARES Act was signed into law. This law provided the single

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CONQUER “FINANCIAL STACKING”

In a recent editorial for the National Endowment for Financial Education (NEFE), Brent Neiser commented on “Financial Stacking: A Modern American Burden.” He wrote:   Myriad choices, opportunities, and expectations generated by the financial services industry, media, advertisements, experts, employers—and even family and friends—create an amassment of jumbled priorities that often leads to inaction, frustration,

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HOW SHOULD I FINANCE MY NEW BUSINESS?

So you struck out on your own and started a firm. Business is promising and your new website is a hit – and you thought the hard part was over until it became clear that more capital was in demand. We interviewed Leslee Cohen, business lawyer at Hershman Cohen LLC, to find out the three

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THE MOST VALUABLE GIFT TO GIVE YOUR KIDS THIS HOLIDAY SEASON

One of the biggest challenges when it comes to holiday gift giving isn’t affording the gifts but rather figuring out how to give in a way that is meaningful. At the same time, successful families often feel concerned, even downright terrified, about raising entitled children who don’t appreciate the value of a dollar.  We’re going

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