Succession & Transition Planning
April 26, 2016
Successfully selling a business doesn't just happen. It includes, but is not limited to, a combination of many factors:
A valued product or service
Positive, consistent cash flow
Predictable, repeatable business
Customers who pay well
...
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March 22, 2016
Persistence has a double edge. When you start a business and throughout its life span, persistence, tenacity and determination help you succeed. Without these traits you would have given up when the going got rough, as it inevitably does. Whether it ...
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February 23, 2016
Value and price are moving targets, different for everyone. There are many variables that contribute to perceptions about what your business is worth. Let’s say you believe your business is worth $1 million.
Do you want:
Payment in cash so ...
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January 26, 2016
Boomer business owners are about to trigger a major business upset in this country. Many businesses will close as a result of their owner’s procrastination or negligence. Employees will lose jobs, customers will lose suppliers, bank loans will defa...
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December 21, 2015
You’ve accomplished one of the hardest jobs around: starting, running, and building a successful business. You probably started with the germ of an idea and over the past twenty-five plus years you have nurtured, loved, hated and loved it again. Al...
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November 24, 2015
Long-term employees can be an asset when you want to sell your business; but they can also be a liability. Some business owners face the difficult situation of what to do about employees with many years of service, who no longer contribute to the com...
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October 26, 2015
There’s a difference between optimism and confidence. You might look forward with optimism, but how confident are you that you can sell your business? Are you in a growing, shrinking or flat market?
Your optimistic self thinks:
“Don’t w...
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September 21, 2015
“Have you ever thought of…”
“You don’t have to do it that way. What we did was…”
“Wow, I never thought of it like that.”
Whether it’s dealing with younger generation employees who don’t know how to work; older generatio...
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August 26, 2015
When it comes to preparing your business for sale or transition, work with the right combination of professionals. Their training and experience can have a significant impact on your finances and your ability to choose the transition that’s right f...
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July 21, 2015
Many prominent scientists predict that within the next few decades, melting ice caps will raise sea levels, wiping out many low-lying regions around the world including parts of Vancouver, Halifax and Miami. This isn’t a guess, but the results of e...
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