Everything is humming along: The business is making you money. You pay yourself, your people, and meet your expenses. You have satisfied clients. It is what you envisioned. You worked on building it over the years, and now it is stable and running well. So, is this good enough to sell? Here is my response. […]
Category: Business EXIT
Still Doing It All Yourself Does NOT Equal Value
Recently I lost my VA. We had been working together for over 2 years and she had my processes and schedules ‘down to a tee’. She knew what needed to get done and she did it. She took so much off my plate. But, her life changed and she had to leave. It was a […]
Don’t Sink Your Business
This is my kitchen for the next 4 weeks. All of my cabinets & counters have been removed, most of the floors (the rest goes this week), and… wait for it… no sink! We’ve moved a couple of cabinets and a counter top piece back in the room, so we have some space to work […]
Life Learning from Nonna on the Stairs
I was looking out of my B&B window and I saw an elderly woman, with a bag that looked a little on the heavy side, climbing some stairs. I pointed her out to my husband and he said, “wow, look at her go.” Then, she stopped, put down the bag, and both of us said, […]
Ready Equals Growth : Not the Other Way Around
“Ready Equals Growth” BUT Growth does not equal Ready. Picture the start of a short-distance running event, like the 100 metre dash. The runners are lined up at the start line, waiting for their queue. Over the loud speaker comes a voice with a command to the Runners. “On Your Mark” : Has the runners […]
Roles Are Key Planning Resources
When you make any type of plan for change, you need to know a few things: what you have now what you want to have after the plan has been implemented how long the plan needs to take to implement the resources you will need to make it happen in that timeline By resources, I […]
Now, Later, or Never : When planning matters
There are three ways of looking at preparing your business for succession. You can do it now, while you are successfully running your business. You can put it off until later, when you hope you will have more time. Or, you can plan to never do this work. In research done by Environics [1], that […]
‘T’ is for Transformation, And It Doesn’t Just Happen
When we think about something we want to change in our lives, we create the idea of the end goal, we look at what we need to give up and what new things we have to take on, then we proceed to implement the change. Think about these few examples. You have probably gone through […]
EXIT Readiness – 12 Step Process – “E”
The 4E’s, of the EXIT Readiness Program, start the path to envision the future for yourself, after the business, evaluate your resources, so you know what you currently have, examine what to let go of, and establish the resources needed to begin the transition. I use the word ‘transition’ because making a decision to create […]
EXIT Readiness – 12 Step Process – “I”
You are the founder of your business. You want to EXIT your business in the future and you know there is probably something you need to do now to get ready. I have talked about reasons and benefits in other articles (see a couple articles linked below), but in this series of 4 articles, I […]