How Much Time Should you Allow for Selling Your Business?

I spoke with a business owner the other day, and he asked how much time he should allow selling his business. He had recently gone through the process of hiring a broker and felt like it needed to be shorter. I told him it depends on a few factors, but it typically takes 8-12 months to sell a business if … Read More

It’s Not What You Sell Your Business For, It’s What You Keep

It's not what you sell your business for

There are many discussions these days about how much businesses are actually worth. You hear about companies being sold for tens or hundreds of millions of dollars, and it can be tempting to think your business is worth just as much. But many people don’t realize that the sale price isn’t nearly as important as how much you keep for … Read More

10 Strategies to Minimize the Emotional Toll of Selling Your Business

10 Strategies to Minimize the Emotional Toll of Selling Your Business   Running a business is stressful.  Selling a business can be equally daunting.  It’s important to acknowledge and prepare for these changes as a former business owner.  There are several similarities between business owners when dealing with company succession plans. There often isn’t a complete succession plan in place. There’s … Read More

Do We Have a Responsibility to the Entrepreneurs of Today and Tomorrow?

entrepreneurs of today and tomorrow

Being an entrepreneur can be one of the most rewarding and liberating things you can do as a career. Equally valid, being an entrepreneur can be one of the most frustrating and emotional roles you can choose to make a living. Schools are great at teaching you how to succeed when starting a new business, but do these schools properly … Read More

Does the Entrepreneur’s Journey to Greatness Need to be so Damn Lonely?

entrepreneurs Journey to Greatness

Do you ever wish you could have an honest conversation with a fellow business owner without judgement? I’m talking a completely candid; no holes barred, these are my deepest and darkest fears kind of conversations. I’ve been doing this entrepreneur thing for 30 years, and over the duration, I’ve experienced many emotions: joy, frustration, pride, anxiety, depression, optimism, sadness, fear. … Read More

The Top 6 Things I Would’ve Done Differently with My First Business

doing things differently

Experience gives us knowledge. Unfortunately, this knowledge can come at a very hefty price. In the case of my Partners and me, it resulted in the bankruptcy of our office furniture business. We did a lot of things right and enjoyed great successes for most of the time I was an owner. We were never afraid of change. In fact, … Read More

You Never Seriously Thought About Selling The Business. Until Now

selling your business

You Never Seriously Thought About Selling The Business. Until Now ​Like many of our Clients you may have gone south for the holiday break. You caught up with winter friends. Some sold their businesses a while ago, some sold recently and this is their first “I don’t have to go back” season and others are like you, still thinking about … Read More