Why does nobody want to buy my business? 80% of businesses listed for sale never sell. If you have been counting on the proceeds from the sale of your business to fund your retirement, the burden of not being able to sell can be devastating. A good market strategy for any products or service is …
The Contingency Plan: Fulfilling Your Vision – Even if You Are Not Here to See It
We all know that every day is a gift; none of us know what tomorrow holds in store for us. As a business owner, one of the most important things you can do to preserve your business, your legacy and protect your family in the event of an unforeseen event is to have a detailed …
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Death, Taxes, and Selling Your Business
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 …
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 …