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Delegation won’t help you Half-Retire
Half-Retiremnt allows business owners to ditch the work they don’t enjoy, cut their workload dramatically, and keep their income. Inevitably, the first place business owner’s minds go when trying to plot their course toward Half-Retirement is, “Ah ha, I need to...
The ridiculous game business owners play
Maybe it’s just my clients and me who play this game, but I have seen hundreds of business owners playing a subconscious “game.” It goes something like this. Step 1: I work so much that I’m not really used to doing much else, so I don’t think much about activities...
Is your business stress coming out sideways?
Anyone who has owned a business knows that it’s extremely difficult to compartmentalize work from home when there are always too many things to do at work. Recently, a client was explaining to me some of their family and home issues. The more they talked, the more I...
The business brokers prayer
Every business broker has said some version of the "prayer" below. Please grant me the strength to tell clients that their business is worth much less than they think and the patience to have them blame me.
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Business owners say the funniest things
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...
Are there only five business exit strategies?
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...
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 instantaneously. However, for many business owners,...
Waiting for “C”
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...
What’s the difference between difficult work and frustrating work?
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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