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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
Three Circles of Family Business
What is a “Family Business?” A large percentage of small companies have some family involved. For most, it is simple a case of providing employment to family members. If the founder of the company is also the principle revenue generator, … Continue reading →
Posted in Entrepreneurship, Exit Options, Exit Planning, Leadership
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Tagged business ownership, family business, small business advice
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Lifestyle or Legacy – Part 4
Last week a client told me “You are wrong. I have a lifestyle business that is ALSO a legacy business.” Sorry, but that doesn’t fly. He has built a good company, and continues to improve it. Be he is not driving … Continue reading →
Posted in Exit Options, Exit Planning, Exit Strategies, Leadership, Life After
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Tagged business ownership, business strategy, leadership, small business
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Lifestyle or Legacy – Part 3
Let’s turn to the Legacy Builders.They are the business owners who have achieved Lifestyle status (as defined in the last posting) but continue to work hard to build their businesses. Their objective is a company that does far more than … Continue reading →
Posted in Exit Options, Exit Planning, Leadership, Life After
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Tagged business ownership, business strategy, entrepreneurship, leadership, small business advice
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1 Comment
Lifestyle vs. Legacy – Part 2
Let’s define a lifestyle business. For our purposes, I’ll start with what it isn’t. It’s not the small retail store being run by someone who doesn’t need the money. A few years ago I was on a judging panel for a … Continue reading →
Posted in Exit Options, Exit Planning, Leadership, Life After
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Tagged business ownership, entrepreneurship, small business advice
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Lifestyle vs. Legacy – Part 1
There are three types of business owners. The first, which encompasses the vast majority of small businesses, is the one who simply wants to make a living from running his or her business. They dream of the day that they … Continue reading →
Posted in Entrepreneurship, Exit Options, Exit Planning, Leadership, Life After
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Tagged business ownership, business strategy, entrepreneurship, small business advice
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