Of the hundreds of business people I have talked to, it is remarkable how many have frustrations concerning time.  They are frustrated because there is not enough time to accomplish everything their businesses need, nor is there enough time to…

Operating a private business can totally dominate the thinking of its owners.  Yet,  the owner has only him or herself to rely on if they want to achieve all their goals, tangible and intangible, from their business. But owners 1)…

Alternatives for Creating Owner Wealth There are four alternatives that we recommend and implement with our clients other than or in addition to the sale of the business for developing owner wealth.  These alternatives are not mutually exclusive. Often we…

Barbara Taylor of Synergy Business Services shared this great blog post: 4 Common Fears About Selling Your Business. In it, she shares many of the fears I hear from business owners on a regular basis. If you are not too…

It seems almost surreal that I shot this video almost two years ago. If you can put the production values aside, the message is still immensely powerful and relevant to today’s business owners, not to mention prescient. The economy may…

Here on the blog, I tend to focus on the practical, financial ramifications that occur when you wait too long to make an exit plan from your business. But there is also a very real psychological effect. The stress of…

In my last post, I shared the story of a personal services business owner that was having trouble selling his business. Over a period of 10 years the owner had engaged in several succession attempts and two sale attempts to…

Knowing Your True Personal Goals Sets The Stage For Business Success Without A Goal You Can Not Measure Success When I encounter someone in the situation described above, they are not able to articulate what their personal, individual goals were…

Isn’t that what is on everyone’s mind? Everyone is scared silly. It’s unknown. It isn’t going to be good. I will tell you what is going to happen.The sun will come up and will set. A substantial portion of the…

This is the third part of a three part series on the importance of wealth building as it relates to planning for exiting your business. You can read the first part, It Is About The Money, here and the second…