The most common question I get asked about exiting a business is, “How do I know what my business is worth?” Determining the value of the sale of a business is hard to do when you have not done anything to prepare the business to be sold. People often say to me, “I don’t think […]
Category: Info
The Driver’s License for Your Business
Being a good business owner takes many skills, like leadership, time management, creativity, people skills, finances, and others, as you have already discovered over the years. Owning and running a business has many parallels to owning and driving a car. But there are legal limitations on how long you can drive a car. What about […]
EXIT Readiness – 12 Step Process – Stop & Start
Now that you have finished envisioning your future, evaluating your time resources, examining what to let go of, and establishing what resources you need, you probably want to get started, but before you do, you need to stop. “X” – The “Stop & Start” Stage in EXIT Readiness This is the step that prepares you […]
3 Bonuses to Preparing Now
When you prepare your business to Run Without You, you receive three really valuable bonuses. Bonuses are like gifts to your business as well as for your life. You do this work — everyone benefits. 1) You have more time to do other things I remember being at a networking event. I was chatting in […]
Your “After” Affects Your “Now”
What does knowing what you will be doing after your business sells, have to do with preparing to sell your business? A lot, if you would like to be able to sell for more value. In preparing a business, and the business owner, to sell their business, I have always started by asking, “what do […]
Why Celebrate Labour Day?
The origin of our Labour Day holiday comes from a darker time in our Canadian history. It started with a powerful movement in the late 1800s, lead by the union of the average worker, who was working a standard 12 hour days. The “9-hour movement” was born and resulted in a strike that was technically […]
Successful Transitions Focus on Growth
“Every significant accomplishment begins with one person stepping up and committing to making a difference” ~ John C. Maxwell. This is how I started an article I wrote in 2014. I commented that “there is a fear around spending more money, committing more time, giving up freedoms, or increasing time away from family and friends […]
3 Ways to Look at Being Ready to EXIT
Often, when a business owner hears what I do for businesses, they think, ‘I’m not ready to exit’. It is true that they are not looking at the date they plan on leaving their business, but there is a big problem with not being ready. The challenge with this is that being ready is not […]
In the Moment vs In the Zone
We are a very work-focused society. We want to show we are contributing, that we are competent, that we are worthy and we often guilt ourselves when we stop and take a break. Our perception of time changes as we get older. When we are an infant, we have no perception of time. We don’t […]
Give Up – Get Out – OR – Get Going
I have had a few business owners come to me recently, looking to do something different in their business and now making the money they want. Deciding on the change in one thing, but implementing it is another. It is like going back to the beginning of business, and starting all over again. So when […]