Resources

The key to business growth often lies in the installation of Value Drivers. Value Drivers are elements of your business that can help you make it attractive to potential buyers as you approach your inevitable business exit and could help you grow your business while...

Choosing a successor to run your business is one of the most challenging decisions that you'll make as a business owner. It can be especially challenging if the successor you choose isn't the one everyone expects, which could lead to disagreements, fights, and chaos....

Writing things down is an important part of achieving your goals, both while you're running your business and after you leave it. However, many business owners feel overwhelmed by the idea of writing down their post-exit goals and strategies. Some business owners say...

A recent Supreme Court case, Connelly v. United States, made an important ruling related to succession planning for closely held businesses. Today, we'll look at what the ruling says, how it could affect you, and steps you could take to avoid paying more in taxes than...

Many business owners have a fuzzy idea of what life looks like after they're done working. But fewer business owners have a plan for how they’ll reach the life they want after they're done working. Running a successful business is time consuming, so business owners...

Your business is likely a large part of your financial success. Even after you eventually leave your business, you may still rely on your business to achieve financial security. This often means that you need to prepare for the next generation of your business....

Building trust with your clients often requires a combination of consistency and newness. Threading the needle between becoming commoditized by being stagnant and alienating your customers by moving too far away from your core competencies is also an important part of...

Planning for a successful future often takes years. And even the most forward-thinking plans can run into unexpected obstacles that can add more time to achieving your goals—perhaps more time than you’re comfortable with. How can you minimize the time you need to...

Keeping key employees committed to your business is an essential strategy for building business value. It’s also a crucial part of planning for a successful future, including your eventual business exit. There are many strategies you can use to retain key employees....

Revenue and profitability are generally good indicators of your company’s strength. However, when it comes to planning for a successful future, they are far from the only things that determine your company’s strength. As you plan and perhaps approach your exit from...