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 […]
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 […]
