Exit Planning
Defining My Own Personal Currencies
Reflecting on my twenties, it’s clear that building my career took center stage. Money and recognition were driving forces, propelling me to make choices based on how they could boost my progress. I remained true to my values, but I sacrificed crucial aspects along the way. Workaholic would’ve been an understatement—I worked nights and weekends,…
Read MoreSelling Your Business: Is Money Everything?
You’re on the brink of a massive decision—selling your business. But here’s the thing: it’s not all about numbers and negotiations. It’s about your values, your dreams, and the mark you want to leave. Let’s dive into the world of personal currencies—those not-so-tangible treasures beyond money. We’ll chat about recognition, relationships, well-being, purpose, and freedom.…
Read MoreBusiness Survival Guide: Expect the Unexpected
We all know running a business is a rollercoaster ride with surprises at every turn. While some twists may be thrilling, others can make you want to scream! So let’s talk about how you can be ready for those unexpected changes that can bring your business to a screeching halt. Time to steer clear of…
Read MoreFrom Startup to Exit: 6 Questions Every Business Owner Should Answer
As a business owner, it’s easy to get caught up in the day-to-day operations and growth of your company. Whether you plan to retire, pursue new ventures, or simply want to ensure your legacy, preparing for the eventual sale or transition of your business is essential. There are key questions that a business owner should…
Read MoreBuckle Up for the Future
Buckle up, entrepreneurs! Let’s embark on the most epic road trip of our business lives! Imagine our business hopping into a snazzy convertible, sunglasses on, and a kickass playlist ready to roll. But this isn’t just any road trip – it’s a journey with a definite goal in mind, just like any successful venture should…
Read MoreFrom Living on a Prayer to Strategic Execution
Whoa, we’re half way there. Whoa oh, livin’ on a prayer. Take my hand, we’ll make it, I swear. Whoa oh, livin’ on a prayer. – Jon Bon Jovi As we reach the halfway mark of 2023, it’s essential for business owners to assess their progress towards the goals they set at the…
Read MoreWhy Mergers Fail
Mergers and acquisitions are common – and often lucrative – exit strategies for business owners. A well-designed strategic merger creates synergies that may yield increased market share, revenue, and profits. Not every deal is destined for success, however. If fact, many fail. This post will explore some of the main reasons strategic mergers can fall…
Read MoreContingency Planning vs Exit Planning
Sam is a business owner who spent 15 years building a flooring business. He had built a strong reputation for being professional, reliable, and affordable. He had a team of installers that he supervised closely and was pulling in over a $1 million a year in revenue. After years of installing floors, his back went…
Read MoreWhere is the exit door?
WHY DO I NEED AN EXIT PLAN? Every business faces challenges, some minor, some major. Even the minor challenges can bring a business down but the stronger your business is the better prepared you will be to weather the storm. Let me give you an example. Things are going well. You have no plans to…
Read More