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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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Tag Archives: small business advice
Addressing the Value Gap – Truth in Pricing
Truth in pricing is a common issue when discussing the sale of a business. The selling price of their company is a point of pride for any owner. When they are willing to share the price they were paid, they … Continue reading →
Posted in Building Value, Exit Options, Exit Planning, Exit Strategies
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Tagged Baby Boomers, business ownership, business planning, business strategy, entrepreneurs, entrepreneurship, Exit Options, exit planning, exit strategies, selling a business, small business, small business advice
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Addressing the Value Gap – Living Expenses
The Value Gap is one of the most used phrases in exit planning. Simply stated, it’s the difference between what a business owner would realize if he or she sold the company today, and what they need to embark on … Continue reading →
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Purpose After the Sale
Purpose after the sale is one of the biggest challenges for an exiting owner. Purpose – “Having as one’s intention or objective.” Many exit planning advisors discuss the three legs of the exit planning stool – business readiness, financial readiness … Continue reading →
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Personal Vision – Life After the Sale Part 2
In our last article about life after the sale we discussed identity. Even when business owners are comfortable with who they are, however, there is still the nuts and bolts issue of activity. A business owner spends 20, 30, or … Continue reading →
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Personal Vision – Life After the Sale Part I
Life after the sale is often both the most important and most neglected factor in exit planning. Although (according to two different surveys in 2013 and 2022,) 75% of owners report regrets or unhappiness a year after the transition, exit … Continue reading →
Posted in Exit Options, Exit Planning, Exit Strategies, Life After
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Tagged Baby Boomers, Boomer Bust, business ownership, business planning, business strategy, entrepreneurs, entrepreneurship, Exit Options, exit planning, exit strategies, selling a business, small business, small business advice
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2 Comments
2 Responses to Personal Vision – Life After the Sale Part I
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Kyle Whalen says:
Am 2 years past selling to an ESOP. Transition is is crazy hard for a lot of the reasons you stated and more.
Been reading your for many years
It can be about playing a bigger game …..