Business owners often ask, “How much is my business worth?” The question may be irrelevant and a much better question is: “What is the most I can get for my business under the most favorable terms and conditions?” Answering this question in a more practical manner requires following one of two approaches. The first is [...]

You, or someone very close to you, are part of 78 million Americans that make up the largest population segment in the United States: Baby Boomers. This generation is classified as anyone born between 1946 and 1964. According to a recent study by BIG Research, 9% of boomers with household incomes exceeding $50,000 are small [...]

 
A lot of business owners ask me, “When should I develop my business exit strategy? and how far in advance of my departure should I build my plan?” My answer is always immediately! A strong business exit plan is dynamic document to be reviewed and updated frequently as conditions change. Change in your personal goals, your [...]

When You’re Too Busy Fighting Fires
You own a profitable and growing business that provides you many benefits; income, wealth, identity, challenge, satisfaction, and pride. By any measure you are a success. Congratulations.
Hold on just a minute. Despite all your successes, your business may be failing you in a very unexpected way.
Let’s consider an “owner” [...]