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 [...]
How to Get Life Independence and Financial Freedom Using Your Business
Why did you start your business in the first place? If you're like most owners you thought it was your way to get independence and financial and freedom. So, why haven't you gotten there? Because [...]
Want an Absentee Owner Business? 3 Skill You Must Master
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]