The True Cost of Not Having a Business Succession Plan
The new year is a time to enact change. Your resolutions are set, you’re motivated to take action, and you’re excited about the possibilities. It’s the perfect time to turn that enthusiastic attention to your business succession plan, or perhaps the lack thereof.
Without timely planning, the odds are against you.
The reality of business succession is that it takes longer than you think. Too often planning is left until “tomorrow,” which of course never comes. In ...
Keep Your Strengths From Becoming Liabilities
I’ve dedicated over thirty years of my career to advising business owners. In that time I’ve come to recognize the qualities that entrepreneurs share – qualities that are often the key to their success, but can also become liabilities if misused.
There are three qualities in particular that have a significant impact on the success of not only building and running a business, but also on the success of all Ownership Conversion and monetization strategies. These three qualities are ...