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 […]
Rising interest rates, inflation, and the potential for an economic recession have caused many business leaders and consumers alike to hold on to dealmaking and spending. While business leaders are feeling the pressure of lower numbers and profitability, this could be an excellent opportunity for buyers and sellers to divest and give new energy to […]
Business owners often know what they want from their businesses: growth, profitability, sustained success. And for many of those same owners, the business is a means to an end, not the end itself. But what is the “end”? You can likely answer “why” you started your business—you’re independent, you crave a challenge, it’s in your […]
Many business owners find the bulk of their wealth within their businesses. However, planning for a successful future often means wrangling financials outside the business too. This is especially important when markets may not be as favorable to small and mid-sized businesses as they have been in the past. Here are three things to consider […]
While overall deal volume was down in 2022 following a record-breaking year in 2021, there is still promise that the M&A market could see a return to normal with the opportunity for some great deals in 2023. Consistent and aggressive rate hikes from the Federal Reserve to battle inflation, regulatory hurdles, supply and demand imbalance, […]
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 […]
