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

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

One Brilliant Strategy to Ensure Your Superstar Employees Never Leave… Guaranteed

There are few guarantees in business or in life.  In my discussions with business owners, one of their big concerns is “how do you keep your talent from leaving?”  Although you can never actually prevent someone from leaving, you can put certain safeguards in place that guarantee that you can get compensated if a key person leaves unexpectedly or before … Read More

8 Completely Brilliant Retention Strategies for Executive Compensation

executive retention

If you went to the office one morning and someone gave notice, whose departure would make you feel irreparably harmed? Think about the key people you need to take your company to the next level of growth or become the next leader of the business. Also, consider who you consult with when making a critical or strategic decision. These are … Read More

10 Simple Ways to Pay Less Tax Through Your Business?

tax strategies

This week’s federal government budget illustrated that the federal government might be easing off its assault on small business owners.  They are moving forward with the proposal to eliminate the tax on split income (TOSI) for dividends paid to non-participating family members within a business.  They have eased off on the passive investment income that a business owner can keep … Read More