To optimize business success your focus should be on both growing your company today and planning your exit objectives. These endeavors are most effectively pursued concurrently and maximizing the value of your business is foundational to achieving both short and long-term goals. Maximizing value – for today and tomorrow – hinges on identifying and prioritizing …
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Whether your focus is on building your business now or planning for an exit down the road, there’s obviously a lot you need to know. As a business owner juggling a multitude of priorities, you may wonder… where do I even begin? Every business owner needs a guide when it comes to planning for what …
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New Year resolutions often don’t last long because they don’t dovetail with what’s truly important to us. Now that we’re a month into the year, it’s a perfect time to reassess your genuine priorities. I’d venture that, at the top of that list, is the well-being of your family – including a secure future – …
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In my work as an exit strategist, I’ve heard multiple reasons from business owners for not starting an exit plan, often because it seems too far off to think about. Many haven’t considered the immediate rewards it yields, including a thorough business plan that can be used to support growth in their company today! So, …
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You’ve heard a lot from me recently about the importance of working ON your business – rather than just IN it – and setting aside time every week to do so. One of the best uses of that time is starting – if you haven’t already – and developing your exit plan. “Why?” you ask. …
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As business owners and leaders, we know that working ON your business (not just IN it) is the key to keeping your company on track, moving in the right direction, achieving success, and sustaining growth. It is easier said than done, but there are specific actions you can take to make this process a habit. …
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In my most recent blog we delved into Patrick Lencioni’s concept of “Working Genius.” Lencioni has identified six gifts, or talents, which are innate to individuals, regardless of their level of training or the positions they hold in a company. He advocates that these qualities are crucial to all businesses. In this blog, we take …
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The right skills and knowledge are obviously essential if job roles are fulfilled well. But according to Patrick Lencioni, author and creator of The Six Types of Working Genius, there is more required – that cannot be bought or learned – for truly excellent individual performance, which translates into success as a company. Lencioni has identified …
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As a business owner and leader, working ON your business – not just in it – is imperative if you’re going to keep your company on track, moving in the right direction, and reaching the milestones identified for your success and sustained growth. What does that entail? Working ON your business can be summarized as …
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Exit planning is focused largely on optimizing the value of the business, which means you need an understanding and a focus on value drivers. Why is this necessary? The initial steps in an exit plan are straightforward: Choose an exit date. Document foundational information about the company and your exit objectives. Obtain a current valuation …
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