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How to Get Life Independence and Financial Freedom Using Your Business

How to Get Life Independence and Financial Freedom Using Your Business

It’s a new year.  Then economy seems headed in the right direction. And, from all the privately owned business owners I talk with they are aggressively looking to grow this year.

These are all good things, but be careful!  If you’re focused just on achieving growth without a reason you could be just as miserable with a growing business as you are with a stagnant one!…

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8 Critical Factors for Any Succession Plan

8 Critical Factors for Any Succession Plan

As I presented in my previous post Succession Planning vs. Exit Planning Which Do You Use?, the primary goal of any succession plan is leadership transfer.  So, you can imagine that things can get a little tricky.

One of the biggest reasons is that most succession plan checklists out there seem to focus on the transaction aspects of the transfer.…

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What’s Your Greatest Challenge in Exiting Your Business?

What’s Your Greatest Challenge in Exiting Your Business?

Is Your Business Ready for You to Leave?

Last week I post a question, “What’s Your Greatest Challenge in Exiting Your Business?”, on LinkedIn.  My intent was to get some feedback before writing the next few weeks’ posts on “exit/succession planning.”

While I got a few interesting comments, which I plan to write on later. …

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1 Simple Question Can Change You Into an Entrepreneur

1 Simple Question Can Change You Into an Entrepreneur

I was at a networking event this morning for business transition planning.  The statistics were shocking as to how few small business owners really think about transition planning, or more traditionally referred to as exit planning.

As the speaker referred to these statistics my recent post Entrepreneurs Build an Asset NOT Just a Job came into clear focus. …

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#1 Reason Exit Planning Is So Critical When Starting Your Business

#1 Reason Exit Planning Is So Critical When Starting Your Business

One of the first questions I ask clients when I start working with them is “what is your strategy to exit your business?”  Most of them say “I don’t know” or more frequently “I am just getting started, why would I think about how I will exit my business now?”  A fair question but there is a VERY vital answer to this somewhat puzzling question.…

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