“Begin with the end in mind” is the second of the seven habits of highly effective people Dr. Stephen R. Covey defines in his bestselling book. The habit is based on the principle that all things are created twice: once in your mind and once in the physical world. This…
Sooner or later, every business owner exits their business eventually, 100% guaranteed. However, most business owners leave value on the table when they exit their businesses. The lack of proper exit planning forces most owners to sell their business because of the Dismal Ds: Death, Disability, Divorce, Disagreement, Distress, and…
In the ecosystem of private business ownership, professional advisors often encourage exit planning, but few business owners adopt it. Moreover, fewer small to medium businesses (less than $100M in revenue) learn from strategic business planning at mature enterprises. Why? Does strategic planning not apply to small business owners? What is…
The sale of a business is not something to be taken lightly. While this might seem obvious, nothing rings truer for those involved in managing the sale of their business, and who experience the complexity and complications that often come with M&A transactions. This article will discuss 7 reasons why busines owners…
