One of the biggest changes your business will inevitably experience is a transfer of responsibilities. Transferring important responsibilities to someone else can be exciting and nerve-wracking. Whether you’re transferring ownership to a family member, or departmental responsibilities to a long-time employee or next-level manager, you may want release valves for if things don’t go as […]
The dealmaking landscape continues to be overshadowed by uncertainty. Major bank failures, the Russia-Ukraine war, high interest rates, and the continued rise in inflation have dwindled and caused a slowdown in M&A deals. The total value and overall number of deals announced in the first quarter of 2023 were lower than any recorded in 2022. […]
The death of a co-owner is a tragedy for many reasons. For many co-owned businesses, co-owners are also close friends. What makes the suffering worse is when the death of a co-owner hurts the business in the months and years after the death. It not only makes it nearly impossible to mourn and heal but […]
Many successful business owners are successful because they think about things differently than most people. Others may recognize your personal brilliance and say to themselves, “I wish I could understand how she does it.” This “secret sauce” can be a great differentiator. However, when it comes to planning for your successful future, it may also […]
As a successful business owner, the people closest to you likely rely heavily on you. They may also have expectations regarding your wealth. Your plans for how you’ll disperse your wealth, and the expectations others may have, can have major effects on your future. Let’s look at a story of how one business owner’s plan […]
When it comes to selling their life’s work, business owners want to know the ins and outs to make sure they’re knowledgeable and are able to reach their selling goals. From deciding whether they actually want to sell to navigating the complexities of a sale, it’s imperative business owners have a qualified Advisor on their […]
Next-level managers are an integral part of planning for a successful future. They can come from inside or outside of the company, and you often have a choice about where you find them. Many business owners want to install next-level managers from within the business. But how do you know if internal managers are up […]
The Silicon Valley Bank supported much of the tech start-up community, providing banking services to companies that generally weren’t profitable and could not secure a line of credit or loan otherwise. While the collapse brought a flurry of panic across the economy, there may be a larger opportunity for corporate and private equity M&A dealmaking. […]
When you started your business, you might have done a lot of the heavy lifting alone. It’s something to be proud of. As businesses grow, they tend to become more complex. Many business owners one day realize that, try as they might, they simply cannot do everything all by themselves. Yet, there’s also a fire […]
In many respects, burnout is just a new term for mid-life crisis. But in some ways, it’s on a much bigger scale. Whereas you might buy a Corvette to quench a mid-life crisis, burnout can sap your energy to the point where nothing can motivate you. This, in turn, can have negative effects on business performance. When […]
