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Keep Your Family a Family During Business Succession Planning: 4 Tips
Business succession planning is always a tough process because owners have to face the lack of control they will once have over something they have worked so hard to create. As we move into a time...
View ArticleExit Strategy Planning
Many times when I’ve asked a business owner what their exit strategy is I get a statement such as “oh, I’m years away from selling my business” or “I’ll work on that right when I am ready to sell the...
View ArticleLeaving in Style – Really Retire from Your Small Business
Wow, where did the time go? I just started my business… Wait that was 1979. It is now 2014. Boy time sure goes by fast. The kids all have families of their own; my oldest has been with me in the...
View ArticlePay Now or Pay (More) Later: The Danger of ‘Bad Books’
Recently I have consulted with clients who have been considering buying businesses with bad books. For the purpose of this blog post, I will define bad books as financial statements (or the lack...
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Making a Change Through Grassroots Campaigns
Grassroots lobbying is one way for small businesses to control how they will be influenced. Grassroots lobbying is defined in Wikipedia as the creation of a movement where the group supporting it is...
View ArticleSetting the Price of a Business
Seller: My business is worth a million dollars. Buyer: I think his business is worth $250,000. Who is right? The seller or the buyer? They both are. Right? Maybe? Possibly? Is this a trick question?...
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