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It’ll Never Happen to Me – Business Succession Planning

2020-01-26T21:04:07-07:00By |Strategy, Succession_Exit|

The Hit by a Bus Scenario Anyone that owns a business has heard about the hit by a bus scenario at some point in time. The problem is we all deny it will ever happen to us. But, is that a realistic way to look at it? Business succession [...]

How to Get Life Independence and Financial Freedom Using Your Business

2020-01-14T08:30:50-07:00By |Featured, Personal Growth, Recent, Succession_Exit|

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 [...]

Want an Absentee Owner Business? 3 Skill You Must Master

2019-12-14T08:49:02-07:00By |Self-Sustainability, Strategy, Succession_Exit|

Do you hope to take a vacation some day and not worry if your business will still be there when you return?  Then you need to set up for what I call business self-sustainability or what is referred to as an absentee owner business. If you’ve read any of [...]

How Big Do You Need to Grow Your Business For Self-Sustainability?

2019-04-29T10:50:20-07:00By |Featured, Self-Sustainability, Strategy, Succession_Exit|

In the past few weeks I have had several small business owners who I’ve met with that were interested in creating self-sustainability in their business.  They loved the idea that the freedom and independence which they wanted when they first started their business could be close at hand. They, [...]

8 Critical Factors for Any Succession Plan

2019-12-14T08:57:56-07:00By |Featured, Human Resources, Leadership, Self-Sustainability, Succession_Exit|

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 [...]

Succession Planning vs. Exit Planning Which Do You Use?

2019-12-14T08:58:55-07:00By |Planning, Self-Sustainability, Strategy, Succession_Exit|

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 transferring the power or leadership of a company. Exit planning focus on the transfer [...]

Successful Succession Planning – 9 Things to Consider!

2020-01-26T19:32:38-07:00By |Featured, Planning, Self-Sustainability, Strategy, Succession_Exit|

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 business succession planning is critical.  The buyer [...]

What’s Your Greatest Challenge in Exiting Your Business?

2019-08-24T17:10:22-07:00By |Featured, need keyword, Planning, Strategy, Succession_Exit|

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 [...]

Building Systems – 5 Steps to Establish a Repeatable & Scalable Business

2019-12-14T09:09:06-07:00By |Featured, need keyword, Operations, Succession_Exit, Survival|

In a previous post titled Getting Beyond the “Survival Stage” of Growth in Your Business, I touched on the process by which you begin building systems. Doing this allows your business to operate on its own.  Today I want to show you how to actually do it. Building systems [...]

3 Questions You Must Answer to Successfully Exit Your Business

2019-12-14T09:12:06-07:00By |Featured, need keyword, Planning, Strategy, Succession_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, you’ll get there!  Then [...]

How to Become an Entrepreneur

2019-12-14T08:40:27-07:00By |Entrepreneurship, Featured, Personal Growth, Strategy, Succession_Exit|

Answer One Question to Change Your Mindset The statistics are shocking as to how few small business owners really think about transition planning, or more traditionally referred to as exit planning. That's why they are small business owners.  They don't know how to become an entrepreneur! As I looked at [...]

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

2015-07-13T18:01:53-07:00By |Featured, Strategy, Succession_Exit|

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 [...]

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