Running a successful business is complex per se. Adding the element of “family” to a business often creates more complexities, especially as the business grows. Lifelong family bonds and expectations can run headlong into business realities and needs. Today, we’ll share some ideas about how to keep the family business running and the business family […]
Mergers and Acquisitions in 2021 proved to be a robust and exciting year, with Q3 reaching $787 billion— completely surpassing the 2019 annual record. The pent-up demand resulted from the halted deals in 2020, resulting in a frenzy in 2021 and increased valuations. But will 2022 remain the same? Experts in the M&A sector expect […]
Successful business owners may face a conundrum as they pursue success. “Though my competitors do something similar, they don’t do it the way I do it. So, how do I know the right way to achieve success, especially if I don’t do things their way?” It’s a bit of a paradox: How can you build […]
If cash is king, then cash flow is the kingmaker. Cash flow can have a multiplier effect in terms of achieving your planning goals for a successful future. Often, increasing cash flow requires strong performance from key employees. Let’s look at how properly motivating your key employees could cause a cascading effect that creates a […]
Success is rarely linear. As a business owner, it’s important to both acknowledge that fact and create plans that can provide short-term results while having long-term impacts. Today, we’ll show you four areas in which strong planning and realistic goals can position you to achieve more success in the coming year. 1. Building strong management […]
As the year winds down, it’s important for business owners to raise their awareness of last year’s performance. Knowing what you did well, along with where you struggled, is crucial to planning for future success. Today, we’ll show you three categories that you can review—strategic performance, tactical performance, and financial performance—and some questions you may […]
Preparing your business for a successful future can go hand in hand with preparing your business for a successful sale. Even if you don’t think you will ever sell your business, “deal killers” can harm your business’ value and future if they go unaddressed. Taking precautions against things that can go wrong can not only […]
Talent wins games, but teamwork and intelligence win championships. –Michael Jordan You are a talented business owner. It’s why you win in your market. But when it comes to long-term planning, having an intelligent team to support your talents can position you for even bigger wins, such as continued business success, financial independence, and a […]
If you are a business owner ready to exit your company, there are several options when choosing who to sell to—one of the most popular choices being a third party. However, there are many factors to consider when selecting this exit plan. When it comes to the sale of your business, you will want […]
Time is the one consistent element that affects all business planning. It’s also something that business owners can harness with proper planning. When harnessed properly, time can be your best planning friend. When ignored, it can turn the best intentions into a planning nightmare. Let’s look at how time— and how each owner used it—affected […]
