A question business owners often ask about planning for a successful future is, “How do I know the plan my advisors are building is right for me?” It’s a good question, and one that we want to help answer for you today by explaining the process of planning for a successful future. This plan is […]
A multitude of factors influenced M&A dealmaking in 2022. Rising interest rates, a retreat of leveraged finance, and inflation are just some of those headwinds that caused a slowdown in activity. So, what is expected of M&A this year, and what are some variables that are going to be critical in decision-making? It’s hard to […]
Knowing what you’re good at is the catalyst behind your business success. To sustain that success and grow to new heights, many business owners must confront the things that they’re not so good—or even bad—at. Consider the following story, “Jill of One Trade”, which shows the consequences of when a fictional but representative business owner buttressed […]
Occasionally, successful business owners will say to themselves and their advisors, “I’m too old to start a multi-year plan for my future.” In many respects, this mindset is similar to saying, “I’m too old to succeed,” which is preposterous! Let’s look at a few reasons why you’re never too old to plan for a successful […]
Running a successful business is a lot like a thoroughbred horse running a race. Knowledge of the competition, track conditions, and your own skill play huge roles in how you finish the race. However, it can be easy for business owners to give everything they have and run out of energy right before the biggest […]
At the beginning of 2022, the M&A market held a lot of uncertainty coming off a successful year prior. Buyers, sellers, advisors, and investors were still determining what to anticipate in the new year and wondering how some looming policies could affect the market. Now, as we wrap up 2022, all parties are trying to […]
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 […]
