Death taxes and selling your business. As 2020 has thankfully ended and you continue to plan for 2021, one of the most important questions you need to ask yourself is: Am I and my business prepared for the unplanned? As we all learned in 2020, the unplanned will pop up suddenly. A global pandemic, an …
Three Pillars of a Successful Exit Plan
Three Pillars of a Successful Exit Plan The decision to sell your business or take on an outside investor is not a singular event, but an ongoing strategic process defined as Exit Planning. Most business owners avoid preparing an exit plan because they do not have a clear understanding of the process, or …
Do I really need an Exit Plan?
Do I really need an Exit Plan? “In this world nothing can be said to be certain, except death and taxes”. This quote has been widely attributed to Benjamin Franklin and has endured for hundreds of years. I would like to add a third certainty to this phrase; “at some point you WILL exit your …
Should I sell my business?
We have all heard of the impending silver tsunami. The crashing sound of the baby boomers rushing to the exits to enter the world of retirement. It’s not of matter of “should I sell my business?” It’s a matter of “When should I sell my business?” It is estimated that the boomer generation will transfer …
Financing Your Business
Proper financing is the lifeblood of your business, and the financing you choose impacts how you will grow. This blog post describes the four most common ways of financing your business as well as sources and forms of financing.
The Role of the Coach
Major league batting champions work with club-provided and personally hired hitting coaches. PGA tournament winners have swing coaches. These highly trained athletes at the top of their game use coaches. Why? Read this post to find out.
Staying On Course in Business
Running a business inherently entails many complexities, any of which can throw your business off course from executing on its plan. As a business owner it is your responsibility to ensure that the business stays on track while being available to assist, guide and develop your employees, service your customers and chart a vision for …