Succession Planning vs. Exit Planning Which Do You Use?

Succession Planning

Often the terms succession planning and exit planning get used interchangeably.  However, there is a definitive difference between the two. It’s important as a business owner that you understand the difference. Succession planning focuses on … [Read more...]

Successful Succession Planning – 9 Things to Consider!

Succession Planning

Succession planning is something too many small business owners think about too late!  Many don’t even think about succession planning because they believe that they will just sell their and that’s the end of it. However, even with the sale of a … [Read more...]

3 Stages to Rapidly Achieving a Self-Sustaining Business

Distractions

Last week I introduced the correlation between the growth cycle and creating a self-sustaining business in my post “What Is a Self-Sustaining Business?”.  This week I’d like to share how to begin moving toward making your business … [Read more...]

What Is a Self-Sustaining Business?

Man in Gears

I talk about a creating self-sustaining business all the time.  In fact, it’s what we do a DE, Inc.! Assist small business owners in growing a self-sustaining business. But, what does a self-sustaining business really look like?  And, how do you … [Read more...]

What’s Your Greatest Challenge in Exiting Your Business?

Businessman with World on Shoulders

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 … [Read more...]

3 Questions You Must Answer to Successfully Exit Your Business

Business Exit

I attend a lot of meetings and seminars focused on exit planning.  But, most fall short because they only focus on the transactional portion of the process. In fact, if you follow the advice that I’ve been posting for more than 2 ½ years now, … [Read more...]

1 Simple Question Can Change You Into an Entrepreneur

change--sign

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 … [Read more...]

Entrepreneurs Build an Asset NOT Just a Job

house-of-cards

I picked this topic because I am up to my neck in interviews this week.  A client finally admitted he didn’t want to do his job any more so we are trying to find his replacement.  An example of how many small business owners start a business for a … [Read more...]

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

Exit Planning

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 … [Read more...]