Join IAMS’ Matt Tooher and Mackenzi Swenson of EquiTrust to explore the benefits of utilizing the opportunities for Inherited & Stretch IRA business with EquiTrust Life. We will review current rules and the literature now available on the EquiTrust website, and discuss software available to distinguish between Eligible & Ineligible designated beneficiaries.

Make sure to join us for an overview on available products and the strengths of the EquiTrust portfolio of annuities!…(read more)

LEARN MORE ABOUT: IRA Accounts

TRANSFER IRA TO GOLD: Gold IRA Account

TRANSFER IRA TO SILVER: Silver IRA Account

REVEALED: Best Gold Backed IRA

Starting a new business can be a daunting task, however inheriting or stretching an existing one can offer unique advantages that entrepreneur may not have considered.

Inheriting a business has the added benefit of years of pre-existing goodwill in the community. Customers will already be familiar with the business and brand, which gives the new owner a solid foundation to build upon. Inherited businesses often have existing infrastructure and procedures in place, which can make the transition of taking over easier. A new owner can focus on improving and growing the business rather than starting from scratch.

On the other hand, stretching a business involves expanding into new markets, products or services. This could be particularly lucrative for an entrepreneur who has an established business that provides a steady income, but wants to explore new avenues. Stretching also offers the opportunity to diversify income streams and minimize risks by not relying on a single source of revenue.

One key aspect to remember when inheriting or stretching a business is to create value. Customers are looking for a brand that offers innovativeness, quality and customer satisfaction. A new owner should take time to evaluate the existing operations of the business and identify any areas that can be improved or changed. Incorporating new technology or creating new products can create a buzz and attract new customers.

Marketing is key to success when inheriting or stretching a business. A new owner should identify their target audience, and communicate the unique selling proposition that the business has to offer. Developing a strong online presence and improving customer service experience can also help to increase a brand’s visibility and credibility.

In conclusion, inheriting or stretching a business offers unique opportunities for entrepreneurs to grow and improve their existing business. A new owner should take time to evaluate the strengths and weaknesses of the business, create value and establish strong marketing strategies. With the right approach and dedication, inheriting or stretching a business can be a rewarding experience for both the new owner and the customers they serve.