Your daily responsibilities as a successful business owner can make planning for a successful future seem impossible. But with the right process, you may find that this planning is both achievable and a means to give you even more time to do what you want. Consider this three-step process for how to plan when you’re […]
Death is the one experience every business owner has in common. Few business owners like to talk about this fact, and even fewer like to plan for this inevitable outcome, especially if they don’t plan to die anytime soon. Though it may seem morbid, it’s crucial for business owners to plan for their deaths well […]
Selling a business is a complex process. Add in current economic uncertainty, and it becomes even more challenging. While there is unpredictability in the air, business owners can still be successful if they dedicate time to the first critical part of the selling process— preparation. There are many reasons why a business owner chooses […]
Building a successful business is a labor of love. Whether it’s the love of creating something, profit, legacy, or otherwise, your business is most likely your passion. But what if your management team doesn’t seem to share your passion, or worse, doesn’t seem to care about the business at all? While the knee-jerk reaction may […]
Many business owners are apprehensive about the current economic climate and how that could affect their ability to sell and even their life after selling. However, if their business is ready, they have the right advising team on their side, and the market for their business is strong, a business owner’s reasoning behind waiting could […]
Many successful business owners (and their families) look forward to retirement. After years of hard work, retirement lets business owners kick up their feet and live the dream. But what if everyone is ready for your retirement except you? Consider the story of Felix Bellissima, a fictional but representative owner who faced this fate. Felix […]
Planning for a successful business future is like being confronted by a bear. If you run from it, it’ll catch up to you and eat you. If you attack it without a strategy, it’ll overwhelm you. And, to stretch the metaphor, simply rolling over and playing dead isn’t in the DNA of many business owners, […]
The last two-and-a-half years have been tumultuous, and owners of small to mid-sized businesses have borne the brunt of the pain. Though few people could have predicted the effects of the pandemic, business owners with plans for a successful future tended to feel more comfortable confronting the challenges they faced. Now, as whispers about a […]
There’s a big difference between not wanting to retire and not being able to retire. Even business owners who intend to die at their desks can appreciate the safety net of financial independence should something unexpected occur. But many business owners look forward to an ideal future without implementing the proper planning to achieve it. Today, we’ll discuss […]
If you’re a middle-market business owner, chances are you’ve considered partnering with a private equity investor. If selected carefully, private equity firms and investors can provide profitability and new value to a company that may not have been able to prosper without it. However, business owners must consider their long-term goals and what they hope […]
