Author Archives: Jon Markman

JPMorgan Chase thinks it’s found the next hot market for investors:  Taking stakes in giant, pre-IPO start-ups from SpaceX to Airbnb. The investment bank is launching a new team to connect sellers and buyers in the burgeoning market for private company shares, according to Chris Berthe, JPMorgan’s global co-head of cash equities trading. He’s lured Andrew Tuthill, a senior VP from trading platform Forge Global, to head up the new team. “Many of our clients are looking at this as the next frontier,” Berthe said. “What do you do when markets get so high? You’re going to keep looking at value down the chain, and maybe that means getting involved in companies at earlier stages of their lifecycle.” More than a decade ago, it was much more common for companies to go public earlier in their development, allowing investors to participate in the rise of winners like Amazon and Google.…

Read more

Retirement planning is a multistep process that evolves over time. To have a comfortable, secure—and fun—retirement, you need to build the financial cushion that will fund it all. The fun part is why it makes sense to pay attention to the serious and perhaps boring part: planning how you’ll get there. Planning for retirement starts with thinking about your retirement goals and how long you have to meet them. Then you need to look at the types of retirement accounts that can help you raise the money to fund your future. As you save that money, you have to invest it to enable it to grow. The surprise last part is taxes: If you’ve received tax deductions over the years for the money you’ve contributed to your retirement accounts, a significant tax bill awaits when you start withdrawing those savings. There are ways to minimize the retirement tax hit while…

Read more

Every business needs to have a written business plan. Whether it’s to provide direction or attract investors, a business plan is vital for the success for your organization. But, how do you write a business plan? SBA.gov recommends that a business plan include: Executive summary — a snapshot of your business Company description — describes what you do Market analysis – research on your industry, market and competitors Organization and management — your business and management structure Service or product — the products or services you’re offering Marketing and sales — how you’ll market your business and your sales strategy Funding request — how much money you’ll need for next 3 to 5 years Financial projections — supply information like balance sheets Appendix — an optional section that includes résumés and permits However, getting started may be difficult to do. So, here are seven steps for writing a perfect business plan: 1. Research, research,…

Read more

This might be the greatest time ever for shareholders. A perfect storm is on the horizon. The tailwinds are going to be amazing. Many investors don’t realize it yet, but the great digital transformation unfolding now represents a tectonic shift in the way businesses will operate in the future. This is setting up a once-in-a-lifetime opportunity. It makes sense to buy infrastructure providers at every opportunity. It’s like buying weapons-makers ahead of a war. Mary Meeker, the celebrated internet analyst turned venture capitalist, has a great sequence in her just-released “2019 Internet Trends” slide deck. She talks about the evolution of business models, beginning with International Business Machines in the 1970s and culminating with the digital, data-driven models of the current era. IBM succeeded earlier by putting boots on the ground. It embedded engineers and consultants within enterprises. They learned the business from the inside, deriving key insights, then applying computing power…

Read more

4/4