Like a sailor manning a vessel in choppy storm waters, business owners cannot control the environment that impacts their marketplace
We share a tool that you can use to document your ten-year vision, 3-year plan, and one-year strategic plan.
Following are the top 10 pitfalls that owners of family-run businesses should avoid when planning their succession
How can you enhance your financial readiness? Your Freedom Point is achieving the amount of money you desire that funds your retirement. Some business owners will get there, and then continue to stay.
A well-crafted business plan can be a blueprint for entrepreneurial confidence. This multifaceted tool is as important to established business owners looking to grow their companies as it is to budding entrepreneurs.
House of Gucci illustrates how important it is for families to pay attention to succession and exit planning. I give this movie two thumbs up for the entertainment value of the movie, but two thumbs down on exit planning!
Of course, you CAN golf every day, but is that your whole retirement plan?
Well, I know some individuals that do golf six out of seven days. (They close the course Mondays!). But do you WANT to golf every day? You may think it sounds great today, as constant work leaves you feeling you just don’t have any time and in retirement, why you’ll have nothing but time! What else do you want to do and do you have a plan?
So why can’t you just sell your business in a couple of months?
Business owners are often told they need to get ready to sell their business, why can’t they just up and sell it?
Many people mix up re-occurring and recurring revenue, but one is much more valuable than the other.
What will happen to your business if the unthinkable happens?
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