You have worked hard over the years to establish and grow your business through the good and challenging times. Your vision and beliefs are what molded this organization and its culture. What are your … [Read more...] about Exit Strategy: Succession Planning Is Not Just For Larger Businesses – Considerations For Small And Medium-Sized Privately Held Companies
Exit Strategy: How to Take the Emotion, Personal Identity, and Ego Out of the Succession Planning Process
What is succession planning? Succession planning as an exit strategy is one of the most rewarding and financially beneficial processes a business owner goes through to receive payments for their time … [Read more...] about Exit Strategy: How to Take the Emotion, Personal Identity, and Ego Out of the Succession Planning Process
Succession Planning: Aspects to Consider and a Model to Implement KPIs to Funnel Succession
When going through the process of succession planning in a business, the most important part of the exit strategy process lies back before the process begins, in the actual planning phase itself. When … [Read more...] about Succession Planning: Aspects to Consider and a Model to Implement KPIs to Funnel Succession
Protecting and Retaining Your Business Assets
The Significance of Human CapitalHuman capital is the engine that drives our business. Just like a car engine when it is not firing on all cylinders, our business does not run smooth when we have … [Read more...] about Protecting and Retaining Your Business Assets
Finding Alternative Suppliers For Your Business
One of the unforeseen aftereffects of a global pandemic has been an ongoing broken supply chain. Many companies have relied on a constant and consistent stream of products and raw materials from … [Read more...] about Finding Alternative Suppliers For Your Business
Time Management for Balanced Productivity
Widely considered a vital skill for workers, entrepreneurs, and anyone with a tight schedule, time management is something that many swear by. A recent study finally looked at the importance of time … [Read more...] about Time Management for Balanced Productivity
Small Business Succession Planning
Succession HappensIt is either planned or forced. All people move on. If you're not planning for succession, you're not running your business.Succession planning is simple in theory but takes … [Read more...] about Small Business Succession Planning
How to Design Incentive Programs that Work
To use incentives or not to use incentives, that is the question often being asked by managers in today’s competitive marketplace. Combating high turnover and looking for ways to increase productivity … [Read more...] about How to Design Incentive Programs that Work
Leadership and Succession Planning
Typically, when starting a business, it is very uncommon for the entrepreneurial mind to see itself not being part of that business in the future. As companies endure through time, it becomes … [Read more...] about Leadership and Succession Planning
Retirement Planning for Business Owners
As a business owner, you are used to thinking ahead concerning your business strategy and taking care of finances. But do you take enough care of your personal strategy and finance? Many business … [Read more...] about Retirement Planning for Business Owners
Have a (Succession) Plan
It may be hard to fathom the reality of selling your business. You had a goal to grow and build your business, and over years of work, your energy, your vision, your customers, based on your value … [Read more...] about Have a (Succession) Plan
How to Perform an End of Business Quarter Evaluation
As you come to the close of a business quarter, small business owners and managers must make the time to evaluate how well the quarter has gone to begin the next business quarter with confidence. This … [Read more...] about How to Perform an End of Business Quarter Evaluation
Succession Planning Tips From Popular Television
After the final season of the acclaimed and award-winning series Game of Thrones, many die-hard fans, such as myself, were somewhat underwhelmed with the ending. As dedicated fans, we have invested … [Read more...] about Succession Planning Tips From Popular Television
“Are You Ready to Sell Your Business?” Checklist
Are you an owner who is thinking of selling your business? If so, do you know how to sell your business?If you are like a lot of owners the answer to the first question is, “Yes, I’m ready to go … [Read more...] about “Are You Ready to Sell Your Business?” Checklist
Positioning Your Business to Sell
Do you have a business to sell in the next few years? If so, then you are joining the ranks of a significant number of owners who also wish to sell.Baby boomer business owners (born from 1946 to … [Read more...] about Positioning Your Business to Sell
Before Selling Your Business Know its Value
Are you a business owner who expects to fund your retirement by selling your company?If so, you are not alone. Most owners who are selling their businesses believe they will make enough money to … [Read more...] about Before Selling Your Business Know its Value
A Growing Business can Outgrow an Owner
Most small businesses start out, well, small. Usually, there is just the owner and maybe a few associates. This is typically referred to a 'Mom & Pop" business. However, as the business starts to … [Read more...] about A Growing Business can Outgrow an Owner
Want to Be an Absentee Owner?
Many small business owners start their companies with the vague idea that someday they want to be an absentee owner. Years pass, they work hard and become successful. Eventually, they are ready to … [Read more...] about Want to Be an Absentee Owner?
It’s Never too Early to Have an Exit Strategy
Business plans - every small business owner should have one. Most don't, but at least they know they ought to. As for an exit plan, most don't know that they're supposed to have one. The closest they … [Read more...] about It’s Never too Early to Have an Exit Strategy
