Blog
Guide to Understanding the 44% Rule
There’s an old saying, “Business owners don’t sell for money; they sell because they are frustrated.” The price tag to end that frustration can be millions of dollars. In a low-interest rate economy, a big pile of cash is worth far less than an income stream. So when...
What is your business REALLY worth?
The oversimplified formula is 3X owner’s annual “take.” If you’ve ever had a formal business valuation and then tried to sell your business, you realize the business valuation is really only an estimate and indication of what a buyer might pay if all assumptions line...
Hey You – Delegate More!
I was amazed when I did a web search for, “Why do executives have so much trouble delegating?” I saw some pretty amazing answers like: Stop trying to control everything. If someone takes more time than you to do the work, don’t worry about it. You don’t have a key...
Is there ever a wrong time to sell your business?
The short answer is, “Yes.” If you time the sale wrong, you could leave untapped value on the table. Do you recall the early days of your business? If you are like most owners, you worked very hard for very little pay, perhaps for several years, in order to launch....
What happened to the tidal wave of Baby Boomer Businesses for Sale?
A recent government survey shows that 15.6% of all businesses are owned by those 65 and over. Why have so many Baby Boomers decided not to sell their businesses? We had a few guesses, so we decided to poll small business owners to find out. In order to participate...
A simple trick to accelerate your Half-Retirement
Learn how taking two separate paychecks can change your mindset favorably. Check out the video to learn more:
The Definition of Half-Retirement
We define Half-Retirement as enjoying the economic benefits of business ownership without the daily headaches. A Half-Retired business owner maintains their current salary while working two half-days a week. They accomplish the transition from working income to equity...
The Financial Impact of Half-Retirement
If you are contemplating selling your business, we recommend you download the spreadsheet below to explore holding the business as an income-producing asset. Keep in mind that business ownership and equity and your job as CEO of the business are two roles, not one. We...
Most Businesses Aren’t Sold for Financial Reasons
Whenever a business owner is contemplating the sale of a business, the only discussion topic is money. However, most businesses are sold for non-financial reasons. The business owner gets fed up with the headaches or simply loses passion. The money is simply a “cherry...
Are you “holding out for C?”
Sometimes I get frustrated when business owners do not take what appears to be the obvious course of action as soon as it becomes obvious. It made me wonder, why would successful and savvy business owners be indecisive? The answer is that most situations have two core...
call us now
Schedule a free strategy session and discover how you can implement the Half-Retire program now!
