Review their current will. Take a hard look at their personal finances. Plan longer vacations. Work with a personal trainer or at least walk more. Downsize their home. Manage the affairs/care of an aging parent. Attend graduation of and or marry off their youngest child. Re-purpose the extra bedroom. Investigate locations for a winter home. Do you know an Owner
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As a trusted advisor in-house or outside you need to be as up to date on business transition as you can. Want a seat at the table? Bring something of value specifically related to business transition. I’ve noticed lately how older Owner/Operators tend to view business transition differently than younger. It has been interesting to watch the changes in attitude
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Step 1 – Clean Up After a 2 or 3 decades of running a successful company it’s easy to keep relying on the old proven ways. Maybe the time has come to clean up the office physically, update finances in general, improve operations, re energize sales and marketing, get rid of the people holding you back and bring in new
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Excerpt from my book Moving Forward ‘ Get the Triple Effect – Sell your business for 3 x more and 3 x faster.’ If you don’t prepare properly, the fallout will be far worse than you think: 1. Your spouse/family will be left to run or sell the business. Your spouse may be forced to work with your partner. That
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The first thing I’m consistently told by my readers, when we meet in person or speak on the phone, is they respect the honesty and tell it like it is attitude in my writing. I take that as a badge of honour. So thank you. The truth and cutting to the chase is and always has been important for any
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