Why Selling a Business is a Million-Dollar Aspirin
Running a business can be stressful because the typical CEO is involved in dozens of business systems. It’s a lot like spinning fifty plates. Sometimes the business owner’s involvement is significant, and that plate must be spun every day if not, it falls and breaks....
What is a Graceful Exit?
Every business owner needs to exit their business gracefully. Traditionally, that would equate to selling the business, transferring it to a child or employee, or an ESOP. All of these methods abruptly end the owner’s involvement in the business and their income...
How much goodwill does 30 years hard work get?
In some cases, -$500,000. It breaks my heart to see businesses dissolved and sold like a garage sale. I got this email today and thought it provided a stark reminder to not assume that a going concern has goodwill. Make sure you take time to build enterprise value for...
Don’t Let This Happen to Your Business
It breaks my heart to see businesses dissolved and sold like a garage sale. I got this email today and thought it provided a stark reminder to make sure you build enterprise value for your business, not just do today’s work.
The 44% Rule
Why are so many business owners delaying the sale of their businesses? No one knows for sure, but it probably has to do with the 44% Rule. What is the 44% Rule? The vast majority of small businesses sell for a multiple of annual earnings. More specifically, they sell...Get Started Half-Retiring
Businessman relaxing on the beach.
Half Retire
- I will sell your business for nothing! December 12, 2024
- Can delegation be the enemy of Half-Retirement? January 12, 2024
- Why are business owners so mean… December 2, 2023
- Why did 1587 businesses just disappear? February 2, 2023
- The 6th Exit Strategy January 30, 2023
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