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As a business owner, you know what it’s like to lie awake at 2 a.m. Maybe it has happened when you are excited and full of new ideas for your business. More often, it’s because you are worried about issues you will face the next day. Sometimes, it’s because you just woke up with the solution to a problem. I’ve experienced all those emotions about my businesses over the years. Awake at 2 o’clock? is where I share them with you, and hopefully help with answers that will let you sleep.
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Category Archives: Exit Options
Why GenXers Won’t Buy Your Business
There are six reasons why GenXers won’t buy your business. Last week I presented a webinar for the Exit Planning Institute entitled “The Perfect Storm.” It looks at six factors impacting the desire and the ability of Generation X buyers … Continue reading →
Posted in Exit Options, Exit Planning, Exit Strategies
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Tagged Baby Boomers, Boomer Bust, business, business brokerage, business ownership, business planning, business strategy, credit cards, economy, entrepreneurs, entrepreneurship, exit planning, exit strategies, health care costs, leadership, management, medicare, politics, selling a business, small business, small business advice
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The Nimble Small Business
Almost since time began, the nimble small business has been axiomatic. Large corporations are like big ships, the common knowledge goes. They take a long time to change direction. That is a comforting thought to business owners who choose to see … Continue reading →
Posted in Building Value, Entrepreneurship, Exit Options, Exit Planning, Exit Strategies, Marketing and Sales
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Tagged Baby Boomers, Boomer Bust, business ownership, business planning, business strategy, entrepreneurs, entrepreneurship, exit planning, exit strategies, leadership, management, marketing, media, promotion, sales, sales management, selling a business, small business, small business advice
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Quality of Earnings Part 2: Hidden Expenses
In my last post we discussed quality of earnings audits from a revenue perspective. Customer concentration, marginal lines of business and contracts are the three most common revenue traps. If you are comfortable with your company’s strength and stability as … Continue reading →
Posted in Exit Options, Exit Planning, Exit Strategies
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Tagged Baby Boomers, banks, Boomer Bust, business, business ownership, business planning, business strategy, entrepreneurship, Exit Options, exit planning, exit strategies, leadership, management, selling a business, small business, small business advice
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Quality of Earnings Part 1: Revenue Traps
This will be the first of several columns on quality of earnings. While a formal, third-party Quality of Earnings Study is more often seen in mid-market transactions, even small business owners should be aware of the factors that can cause … Continue reading →
After the Exit; “Nothing Will Change”
“Nothing will change.” It is almost de rigueur for an acquirer to include that in his or her opening comments to the incumbent staff of a just-purchased business. Sometimes it is the seller’s attempt at making folks feel better. “Don’t … Continue reading →
Posted in Building Value, Exit Options, Exit Planning, Exit Strategies, Leadership, Life After, Management
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Tagged Baby Boomers, Boomer Bust, business ownership, business planning, business strategy, employee performance, employees, entrepreneurs, entrepreneurship, exit planning, exit strategies, leadership, management, selling a business, small business advice
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