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 […]
Successful business owners do a lot of things well, and they make it look easy. This is often a sign of well-running processes and years of discipline. However, it can also be a trap for successful business owners who intend to pass their businesses onto their children or business insiders. While you may love the […]
The S&P 500 Index has declined 24% since its peak in January, indicating that a bear market and a potential recession are upon us. While recognizing the economic factors influencing the downturn, it’s also essential to understand the physiological factors contributing to the instability, and what sellers can do to still reach their selling goals. […]
An important aspect of growing a successful business Is creating transferable value. Transferable value is what your business is worth to someone else without you at the helm. Whether you plan to retire or die at your desk, transferable value is what increases business value. To create transferable value, you’ll need to install several Value Drivers. […]
At their core, successful business owners like you are builders. Whether you founded your business, or purchased one and took it to new heights, doing it yourself runs through your veins. Why, then, would you need professional help to plan for a successful business future? We could go on and on about all the reasons […]
