Maximizing the value of your business is the focus of a good exit strategy. It logically follows that a focus on value optimization should be built into your overall business strategy and how you run your business. Leading management consulting firm, McKinsey & Company, has developed a model for a comprehensive approach to value-based management (VBM). They assert …
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The Exit Planning Peer Advisory Board (PAB) provides a safe place for business owners to discuss their challenges and offer support and insights to their fellow members, not only as they relate to exit planning but to their businesses today. A look back at the past year brings to light three significant areas in which …
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Employees are appreciating assets and a stable workforce is typically the #1 business value driver. Many companies are currently faced with this reality, challenged with retaining their existing workforce and attracting qualified workers to fill vacated positions. As the Great Resignation illustrates, the workforce as a whole is shifting. Workers’ priorities and real needs have …
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The challenges we’ve faced throughout 2020, both personally and in business, are unprecedented. We’ve all invariably met struggles but have found opportunities as well. I’d like to share three things I’ve learned during this crazy year that relate to business, but that also speak volumes about the human spirit. These insights arose primarily from the …
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An election like no other in history, a volatile economy, a global pandemic – sometimes it is hard to comprehend all that we have experienced this year. Change is inevitable in any environment, but 2020 has mandated that we remain poised for change, requiring many businesses to pivot over and over. I am amazed at …
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The Exit Planning Peer Advisory Board (PAB) provides a safe place for business owners to discuss their challenges and offer support and insights to their fellow members. A look back at the last few meetings reveals another layer of the group’s value. The events of this year have put businesses and their leaders to the …
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“Expect the best. Prepare for the worst. Capitalize on what comes.” – Zig Ziglar At our July Peer Advisory Board (PAB) meeting on Exit Planning, the discussion was around what business looks like as we re-emerge and get back to business in this phase of the COVID-19 pandemic. We focused on addressing what responsibilities business …
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As a successful business owner, you’ve likely considered the day you’ll exit your company and what the next chapter of your life will look like. Although many business owners consider it, far too few start planning with enough lead time to exit on their terms. Exit planning is a complex process that truly can never …
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As a successful business owner, it may have crossed your mind that one day you may want to retire, sell the company or transition the business to a trusted insider. Doing this successfully, and on your terms, takes planning. When navigating the complex process of exit planning, there is success in numbers! Consider joining our …
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Traditionally a “Board” has existed to direct, govern, guide or steer an organization, whether nonprofit or business. But in recent years the term has evolved to include Peer Advisory Boards (PABs) which exist for the purpose of helping CEOs and owners of companies direct their own business. It’s unlike a traditional board in that participants …
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