What’s the long-term plan for your business? Considering your business exit strategy
Do you know how you are going to exit your business? You may have a dream of going public, selling to the highest bidder, or retiring and handing over your business legacy to your family.
The truth is that many small business owners have no exit strategy for their businesses in the event of their disability, retirement, or death. You might be struggling to find time to run your business, focusing on growth and maintaining current income levels, but this is not a sustainable strategy.
Develop a Succession Plan
There is no “one plan fits all” when it comes to developing a succession plan for your business. But following SCORE’s recommended five steps to succession planning (including choosing and training a successor) can help provide some practical direction and deliver the peace of mind that comes from knowing that your life’s achievement is in good hands.
Join INBA and the Small Business Administration: Succession Planning 101
Black Violin is a string duo performing a blend of classical, hip-hop, rock, R&B, and bluegrass music. Black Violin features Wil Baptiste on viola and Kev Marcus on violin. They will be accompanied by their incredible band, featuring ace turntable whiz DJ SPS and a drummer. Black Violin has shared stages with top names, including Kayne West, Aerosmith and Tom Petty, and have creatively collaborated with the likes of Wu-Tang Clan, Wyclef Jean and Alicia Keys.
Black Violin will be in Spokane for ONE performance on April 1, 2017, 8pm at the Martin Woldson Theater at The Fox. For tickets visit foxtheaterspokane.com or call 509-624-1200. Black Lens Subscribers and Partners receive special pricing, contact The Black Lens at 509-795-1964 for information.
On May 18, SAGE and AARP are launching a movement to build intergenerational connections in the LGBT community.
On that day, we are inviting LGBT people and our allies to break bread in homes, workplaces and community organizations. Together, we will explore what caring for one another will look like when age no longer divides us.
Find out more here about how to begin breaking bread with your local LGBT family (and thousands more nationally) on May 18, 2017.
Kaiser Permanente’s acquisition of Group Health Cooperative became final in February, and with that, Group Health’s more than 651,000 members and more than 6,000 employees in Washington are now part of the largest integrated health system in the nation. With the acquisition, Kaiser Permanente now serves more than 11.3 million members in eight states and the District of Columbia, providing both care and coverage.
Through this acquisition, Kaiser Permanente expects to better meet the needs of individuals as well as large commercial and national accounts with employees who live and work in Washington. The move will bring Kaiser Permanente’s high-quality, affordable and accessible health care to an additional 19 counties in Washington State, with 25 primary care clinics in 17 cities, three urgent-care facilities, and four outpatient surgery centers. Kaiser Permanente will invest $1billion over the next decade to expand and modernize facilities and technology, and to improve care and service. There are no immediate changes to the member care and coverage.
For more information, read the full press release here:
About Kaiser Permanente
Kaiser Permanente is committed to helping shape the future of health care. We are recognized as one of America’s leading health care providers and not-for-profit health plans. Founded in 1945, Kaiser Permanente has a mission to provide high-quality, affordable health care services and to improve the health of our members and the communities we serve. We currently serve more than 11.3 million members in eight states and the District of Columbia. Care for members and patients is focused on their total health and guided by their personal physicians, specialists and team of caregivers. Our expert and caring medical teams are empowered and supported by industry-leading technology advances and tools for health promotion, disease prevention, state-of-the-art care delivery and world-class chronic disease management. Kaiser Permanente is dedicated to care innovations, clinical research, health education and the support of community health. For more information, go to: kp.org/share.
J.P. Morgan acted as exclusive financial advisors to Kaiser Permanente in the transaction.
Brian Meyers of Empire Health Foundation will be speaking about the social determinants of health, the everyday things and conditions that affect our health throughout our lifetime.
Social determinants of health are the conditions in which people are born, grow, live, work and age. They include factors like socioeconomic status, education, the physical environment, employment, and social support networks, as well as access to health care.
Everyone deserves an equal opportunity to make the choices that lead to good health. But to ensure that all members of our community have that opportunity, advances are needed not only in health care but also in access to social and economic opportunities; the resources and supports available in our homes, neighborhoods, and communities; the quality of our schooling; the safety of our workplaces; the cleanliness of our water, food, and air; and the nature of our social interactions and relationships.
Please RSVP for lunch as seating may be limited on the day of the event.
Inland Northwest Business Alliance is honored to join our colleagues across the Western United States as Greater Seattle Business Association will host the Western Business Alliance (a coalition of LGBT and allied business chambers) at the first-ever LGBT economic summit on March 16, 2017 in Seattle, Washington. The summit will address the economic factors and policy agendas that affect LGBT and allied businesses and communities in the western U.S. and Canada.
The full-day summit, Working Together for Shared Prosperity, will explore topics such as: leveraging the power of LGBT businesses; Blue State tourism; maintaining Left Coast politics in the post-election era; working together to promote diverse supply chains; and unlocking the power of bringing marginalized communities together.Through keynote presentations and panel discussions, attendees will share information, provide critical input to regional challenges, and build relationships with other LGBT and allied business leaders from Washington, Oregon, California, Nevada, and British Columbia.
The Board of the INBA is actively participating in this event and its planning efforts. We encourage any/all interested parties to join this historic, and meaningful, event. It is sure to spark a new level of momentum in the LGBT economic equality movement.Continue reading 2017 LGBT Economic Business Summit→
After you have developed a cash flow analysis and determined when your business will make profit, you may decide you need additional funding. Borrowing money is one of the most common sources of funding for a small business, but obtaining a loan isn’t always easy. Before you approach a lender for a loan, you will need to understand the factors the bank will use to evaluate your application. This class outlines some of the key factors a lender uses to analyze a potential borrower. Class 4 of 6 in the Business Planning series.
INBA member, Clear Chiropractic is having an open house! Come play games, win prizes and network with all your favorite INBA members while checking out the awesome services Clear Chiropractic offers and meeting the staff.
James Arthur Baldwin, a poet, novelist, and playwright assumes the role of civil rights critic and catalyst even after his death in 1987 by way of the new documentary film, “I Am Not Your Negro.” The film, recently nominated for a 2017 Best Feature Documentary Academy Award, is a cinematic display directed by Haitian filmmaker Raoul Peck and narrated by Samuel L. Jackson.
In the late 1970s, Baldwin envisioned and began working on his next book, which was to be titled “Remember This House.” The book was to be a revolutionary, personal account of the lives and successive assassinations of three of his close friends—Medgar Evers, Malcolm X and Martin Luther King, Jr. At the time of Baldwin’s death in 1987, he left behind only thirty completed pages of his manuscript. Continue reading The Black Lens presents, ‘I Am Not Your Negro’→