Many people have a romantic view of what retirement looks like. Beaches, cruises, road trips, sitting next to a pool with no responsibilities—in reality, many business owners struggle in retirement because they don’t know what to do with all their free time. Let’s look at an example of what one successful business owner had to […]
In a recent article, we discussed how working with an Advisor Team can help you find answers to challenging business questions. In addition to your Advisor Team, you may find it valuable to build a group of business owners with whom you can uncover strategies and ideas for pursuing a successful future. Let’s look at […]
When preparing to sell your business, understanding the different types of potential buyers is essential. The two primary categories, strategic and financial buyers, have distinct motivations, approaches, and expectations. Knowing the differences can help you tailor your strategy and maximize value. Strategic Buyers Strategic buyers are companies—often competitors, suppliers, or firms in adjacent markets—looking to […]
There’s a mythology that business owners have all the answers all the time. Many business owners hold themselves up to this unachievable standard. Yet, nearly every business owner has moments when they say to themselves, “I have absolutely no idea what to do now.” Many of those business owners would refuse to admit that they […]
Growing your business often relies both on your leadership skills and the ability of your employees to carry out your plans. As your business grows, it can become unwieldy to do everything by yourself. Having a strategy to keep your most important employees focused on achievingyour goals could help you secure your business’ success and […]
When it comes to valuing a business, one financial metric stands out among the rest: EBITDA. Short for Earnings Before Interest, Taxes, Depreciation, and Amortization, EBITDA is a key indicator of a company’s financial health and earning potential. It is also one of the most commonly used benchmarks by buyers when assessing business value. Understanding […]
Dreaming is often the foundation of creating your ideal reality. For many business owners, their success started with a simple dream: “What if I could do things my way?” “What if I didn’t have to report to a boss?” “What if I could give my family everything they ever wanted and not have to answer to anyone but myself?” As […]
Controlling the controllable and reducing the effects of the uncontrollable are prudent decisions for successful business owners. But how can you know which is which, and where can you go when confronted with a situation you’ve never experienced before in your business? Here are a few ways to keep yourself updated and educated on the outside forces […]
One of the most important decisions a business owner will make is determining the right time to sell. Exiting too soon can leave potential value on the table, while waiting too long can expose a company to unnecessary risks. Timing a sale strategically can maximize value and ensure a smooth transition. Here are key factors […]
One of the biggest sources of friction in planning for a successful future is time. Successful business owners like you aren’t sitting around, twiddling your thumbs, and wondering what to do with all this extra time you have. How can you, with everything else you have to do, find time to create plans for a successful future that may not even be […]
