Resources

The sense of pride in building a business and keeping it in the family can be a huge motivator for business owners. But transferring a business to children for its own sake can have consequential risks for your future, your business, and your legacy.   If one of...

Most business owners have never exited their businesses before. Just like taking a big trip to a new place requires good planning to truly enjoy it, so too does a successful business exit.   While the details will certainly differ based on your unique...

When planning for your eventual business exit, achieving financial security is the most important goal. But what happens when the emotional side of planning an exit—namely, ensuring your legacy—conflicts with that most important goal?  Let’s look at a fictional but...

Minimizing risks is a goal that many business owners have. But sometimes, there are instances where taking calculated risks becomes a necessity, especially when you are planning for your eventual business exit.   Let’s look at three calculated risks that you may...

Differentiating your business is an important element of growing it successfully. But how should you draw the line between pursuing the newest trends and sticking with the fundamentals? Let’s walk through a process that can help...

Letting go of the business you own may be one of the hardest things you’ll ever have to do. A key goal of Exit Planning is positioning you to exit on your terms. But even when an exit goes perfectly, some business owners remain drawn to...

A big hurdle that business owners struggle to get over when creating an Exit Plan is, “I don’t have enough time to do all that.”   On its surface, it’s an intuitive argument. Planning for a business exit is indeed a lot of...

When you’re running a successful business, creating a plan for your eventual exit may be the last thing on your mind.   “I have way too many responsibilities for that right now.”   “I’ll start thinking about that when I’m closer to...

Many business owners are missing a crucial link between their time as business owners and their time after owning their businesses. This missing link is called Business Continuity Instructions, and it could be the difference between the success and failure of...

Many people have a romantic view of what retirement looks like. Beaches, cruises, road trips, sitting next to a pool with no responsibilities—in reality, many business owners struggle in retirement because they don’t know what to do with all their...

There’s a mythology that business owners have all the answers all the time. Many business owners hold themselves up to this unachievable standard.   Yet, nearly every business owner has moments when they say to themselves, “I have...

Growing your business often relies both on your leadership skills and the ability of your employees to carry out your plans. As your business grows, it can become unwieldy to do everything by yourself. Having a strategy to keep your most important...

Dreaming is often the foundation of creating your ideal reality. For many business owners, their success started with a simple dream: "What if I could do things my way?" "What if I didn't have to report to a boss?" "What if I could give my family everything they ever...