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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.
John F. Dini, CExP, CEPA
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Small business owners are the Hunters of the 21st century. We are 3% of the US population, and yet we create over half of all American jobs. As Hunters, we may not be inclined to manage by the numbers or stick to systems. Are you a Hunter or a Farmer?
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How prepared are you to exit your company?
The Assessment breaks down the four major categories of exit readiness; Finance, Planning, Operations and Revenue/Profit.
Tag Archives: exit strategies
Four Basics of Exit Planning 2: Distance to Goal
Once you understand your company’s value, the next step in planning is to calculate your Distance to Goal. As the Cheshire Cat said, “If you don’t know where you are going, any road will get you there.” “Any road” is … Continue reading →
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Four Basics of Exit Planning 1: Valuation
There are four basics an owner should address before beginning any exit, succession or transition plan. They are Valuation, Distance to Goal, Prospective Buyers and Professional Team. First, my apologies for missing a tri-weekly post. Between trips to Denver for … Continue reading →
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Exit Planning: Ripples and Ripples.
Every stone thrown into a pond creates ripples. Every advance in technology does the same. The late Stephen Hawking said that we were progressing too quickly. Along with other technology and science notables, he argued for a slowing down of development in … Continue reading →
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Succession Planning – Ownership Lessons
When selling your business to employees or family, ownership lessons rise to a special level of importance. Regardless of the financial, inheritance, estate or valuation aspects of the plan, the real question is how to prepare your successors to run … Continue reading →
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Transition Tribulations
This article in Financier Worldwide of the United Kingdom quotes me extensively. I thought you might like to see it. (My spellings were changed to British standard.) Transition tribulations: exiting a family-owned business by Fraser Tennant When the owner of a family … Continue reading →
Monitoring the growth or decline in the value of a company is an important business metric. It helps owners justify the effort they puts into the company, assess risk/return on use of capital or debt, and make exit and retirement decisions. The owner can establish a valuation process for the valuation, and repeat it each year. This process can be a wake up call to opportunities or threats.