Succession & Transition Planning
December 22, 2014
Imagine that it is five years from now and you’ve just sold your business. A look at your bank account reveals a figure you’ve not seen before. You smile a big smile…
It is the first day you don’t have to go into the office. You can dress ...
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November 25, 2014
It’s one thing to think about selling your business. It’s quite another to make the commitment. Business owners, when asked when they’d like to sell, often respond that any sale is five years out. If I see them a year later, it’s still five y...
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October 17, 2014
What does your company do better than anyone else – or at least better than your main competitors? What are you known for? In which category do you have top-of-mind recognition in your market? What are your strengths?
Some companies get distract...
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September 22, 2014
Imagine that you are climbing Mount Everest. You’ve done your homework, got the experience, read the maps, spent lavishly on your equipment, and pulled together a team that will follow where you lead. You battle bad weather; searing heat and bitter...
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August 25, 2014
As you approach the transition of your business, begin developing new contacts in your network. Build relationships with specific experts who can help you with the unique process of selling.
A business transition coach
Find someone you like and...
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July 18, 2014
If you are to sell your company successfully, trust is one of the key components when you and a prospective buyer begin the process of due diligence. You can’t appear to be doing anything that would undermine the trust of the prospective buyer, suc...
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June 23, 2014
Chris Hadfield’s book, An Astronaut’s Guide to Living On Earth is full of fascinating stories and tips for success, all told with self-deprecating humour. Hadfield attributes his success to hard work and persistence. What shines through is his hu...
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May 26, 2014
Imagine trying to sell a company with ten-year-old technology! I can’t conceive of any possible explanation for not staying current if you expect to compete now and sell later.
Over the past few years the fields of transportation, manufacturing,...
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April 21, 2014
George Bernard Shaw had an interesting perspective on the role satisfaction plays in life. He saw dissatisfaction as a driver of innovation, creativity and progress. Â He wrote:
You see things; and you say, 'Why?' But I dream of things that never we...
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March 24, 2014
Life balance is elusive for most entrepreneurs. They put heart and soul into building their business and as a result, they become focused on business success – sometimes to the exclusion of everything else.
But what worth is that success if itâ€...
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