It’ll Never Happen to Me – Business Succession Planning
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 [...]
Succession Planning vs. Exit Planning Which Do You Use?
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 [...]
Successful Transition Planning – 9 Things to Consider!
Business owners think about transition planning too late! Many don’t think about transition planning because they believe that they will just sell their business and that’s the end of it. However, even with the sale [...]
3 Stages to Rapidly Scale Your Business
In the post “What Is a Self-Sustaining Business?” the correlation between the growth cycle and creating a self-sustaining business introduced. Here I’d like to share how to scale your business to make it self-sustaining! Achieving a self-sustaining [...]
What Is a Self-Sustaining Business?
Growing a self-sustaining business is the core of the Business Growth Simplified business philosophy! It is the focus of everything we do. That means we... Assist small business owners in growing a self-sustaining business. But, [...]
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 [...]
Exit Your Business by Answering 3 Important Questions
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 instead of showing you what to do in [...]
How to Become a Successful Business Owner
The statistics are shocking as to how few small business owners really think about transition planning, or more traditionally referred to as exit planning. To become a successful business owner you need to become an [...]
Build an Asset NOT Just a Job – Entrepreneurship
Do you work your business like a job for a paycheck or do you build an asset which will generate wealth like an on-going annuity for you and your family? This is what keeps small business ownership [...]
#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 [...]
Nowhere Land – Stuck Between Small Business Survival and Success
A great family and friends, beautiful home, nice cars, regular vacations, all the material things you could ever want. Your life is a dream. Sound familiar or like what you want for your life? I [...]