by jimmue | May 15, 2022 | Business Valuation, Mindset
Have you ever heard a business owner say something like the real-world quotes below? “I read an article that said my business is worth two times revenue.” (i.e., Sales are the real value of the business, not profits) “I never took a salary.” (My sacrifices must have...
by jimmue | Apr 28, 2022 | Business Valuation, Exit Planning
When you Google “exit strategies,” you will see the five standard methods below. Five Common Exit Strategies Sell the Business to Family or Friend Sell the Business to Management or Employees Mergers and Acquisitions Initial Public Offering Liquidation Sometimes, none...
by jimmue | Jan 30, 2022 | Baby Bommers, Concepts, Exit Planning, Retirement
Things you will give up if you sell your business If you have ever owned a business, you have daydreamed about selling it for a large pile of cash. It’s not really about the money, right? It’s about flipping a switch and having all the stress and headaches turn off...
by jimmue | Dec 7, 2021 | Concepts, Tips
I’ll be honest; frustration tends to set in when I see business owners hesitate to take the obvious course of action at the time it becomes obvious. It makes me pause and ask, “Why are some successful and savvy business owners so indecisive?” The answer is most...
by jimmue | Nov 11, 2021 | Concepts, Delegation
Business owners frequently say to me, “My tolerance is so much lower than it used to be. Doing (enter type of work) never used to bother me.” Call it burnout, experience, wisdom, or impatience; it really doesn’t matter. You are supposed to enjoy your business. You are...
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