Business Value Booster Shots
Short Articles on Business Value TopicsShort-form (1-3 minute reads) available here and sent to all site subscribers via email.
There Has to Be More to Retirement Than Just Going Fishing
The best reason to transfer ownership of your business: it's time. The time that you chose, not the time that chose you. Many business owners eventually reach a stage in life where they want to retire and enjoy the fruits of their labor. After years or even decades of...
Pursuing New Opportunities
Why would a successful business owner turn all their attention to a new line of business, or even jump to an entirely new business, when there is still much to be done in the existing business? Because they can 😜 It's what entrepreneurs do. Not every small business...
All in the Family
Life events such as caring for aging parents, raising children, or relocating for a spouse's career can make it challenging to maintain full-time business responsibilities. In such situations, stepping away from maximum involvement in the business can provide the...
It’s Not Your Fault Unless You Watched It Happen
Significant shifts in the market can impact a business's viability and prompt an owner to exit. Technological advancements, changing consumer preferences, or increased competition can render a business model obsolete. In such cases, owners might decide to sell or...
How Long Can You Keep Financing Your Own Business?
Many owners find themselves digging into their own pockets, or their own credit, if their company hits a rough spot. Keep that up, and you don’t own a business. You own a charity that provides jobs for people and offers goods and services at a loss. At least until you...
Do you know a business owner facing burnout?
Running a business is demanding and can lead to significant stress and burnout over time. When owners feel overwhelmed or lose passion for their work, it might be time to consider exiting. Burnout can affect decision-making and overall business performance, making it...
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