When Employees Take Ownership, Everyone Benefits

In many companies and industries, much has changed in recent years regarding the roles of leaders and employees and how they interact. In general, these relationships have become less “at arm’s length” and more authentic and human. Leaders are more approachable and willing to show vulnerability while employees want to contribute more, take more responsibility, …

Read More »

Resources to Build Your Business and Your Future

Every business owner will eventually exit their business – one way or another. Being prepared with a vision of how that will look enables you to create and execute a sound plan that is most beneficial for you, your family, and your company moving forward. Yet many business owners don’t start planning well ahead of …

Read More »

Don’t Think of It as Exit Planning

It would be interesting to have kept a list over the years of all the reasons I’ve heard from business owners for not having started an exit plan. What it boils down to for most is that their exit is something that seems far into the future and doesn’t seem to be a huge priority. …

Read More »

Understanding Financial Statements and Their Role in Borrowing and Selling

Accurate and timely financial statements are critical to all aspects of business, from day-to-day operations to informing major decisions. Yet even the most thorough financial documents are of little benefit if you don’t understand how to read and interpret them. Basic Financial Documents Think of your Financial Statements as a report card that reflects how …

Read More »

Research Reveals Changing Trends in Exit Planning

The Denver-based Business Enterprise Institute (BEI), which specializes in Exit Planning industry research and education, conducts a major survey of business owners every few years. The purpose of the survey is to examine owners’ beliefs, ideas, and actions as they relate to how they intend to plan for the future of their ownership, what steps …

Read More »

Is Value-Based Management a Good Choice for Your Business?

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 …

Read More »

Exit Planning Peer Advisory Board – Top Three 2022 Takeaways

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 …

Read More »

Case Study: Employee Retention Issues and Solutions

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 …

Read More »

Three Things I Have Learned in 2020

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 …

Read More »

3 Ways to Position Yourself for Change     

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 …

Read More »