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NYC Business Planning

Building a successful business takes a great deal of resources. With your time and energy focused on the daily demands of running your business, you may not be aware of important planning issues.

If the unexpected happens, your business could change in an instant. Many unforeseen factors, such as changes to the economy, your health, or your key employees, may cause you to have to draw on your savings or downsize your business unexpectedly. That’s why it’s important to address those issues now rather than later.

By working with a financial professional, you can address the following:

  • What would happen to your business if you suddenly weren’t here?
  • What would happen if you became disabled, or decided to retire?
  • Can your business run smoothly without you?
  • Would your family be able to continue the business without you?
  • Would your best customers and employees stay—or are you the reason they do business with you?

Business Planning Specialist

Claire Gallagher, Financial Professional

If you love what you do and are fully immersed in it, it's easy to put off crucial, long-term financial planning that could help you and your business. Claire Gallagher, Financial Professional, discusses how you can develop a solid financial plan. 

Penn Mutual now refers to its insurance professionals as "financial professionals" in place of "adviser."

Business Continuation Planning Starts With a Buy-Sell Agreement

Business Continuation Planning Starts With a Buy-Sell Agreement

Business continuation planning helps ensure that your business will continue if the unexpected happens. Incidents like loss of a partner, divorce, death or disability can quickly ruin your future business plans.

One of the keys to a sound business continuation plan is a buy-sell agreement. Think of it as a formal exit strategy that can ensure the smooth transition of your business.