Internal leaders may not be obvious. They may not even have a “leadership” title. Make no mistake, however; internal leaders are critical to value and attractiveness when it comes to selling your business. In Super Bowl 55 we saw the impact of an internal leader. Tom Brady has the highest winning percentage of any single athlete in major professional […]
Is it time to sell? Use this checklist to see if you’re ready to put your nursery on the market. Uncertain economic conditions in the past several months have created new opportunities for owners of businesses who are able to produce cash flow. They can cash out now. The time has not been this pregnant […]
What is Your Business Exit Plan? If you’ve ever done a business plan for the purpose of raising capital, one of the key questions is “What is your exit plan?” Many business owners think that question is self-serving, intended merely to let the venture capitalists figure when and how they will get their return on […]
When asked about succession or exit planning, have you given one of these responses? “I think I will leave my business in three to five years.” “The operation still needs me.” “The business is not ready to be transitioned.” “We are too busy to worry about succession.” “I will easily sell it in a few […]
When movies are made correctly and have appeal, there is no denying the impact. They win awards, inspire the audience, and fill the pockets of the movie studios. However, these blockbusters can also be the platforms for some of the biggest flops on record. After a successful movie the audience wonders what will come next, […]
The numbers are staggering. 10,000 Baby Boomers hit retirement age every day and 60% of all business owners are over age 55. According to recent surveys by the Exit Planning Institute, PNC Bank and Kent State, 80% of business owners have no transition plan, or have not documented or communicated a succession plan. Furthermore, 80% […]
Your People and Planning for the Reset
There is an old African proverb called The Fable of the Lion and the Gazelle. To survive every day,...
The Foundation of Everything
Take a step back and look at your company. Do the people seem genuine? Do you feel as though they ar...
Take a Breath and Think
You deserve it, and your business may require it. By Ben Molenda, Human Capital Advisor and Todd Dow...
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