Business Independence Blog

In 2015, as a Business Owner, make it your goal to build a company which at some point will successfully become independent of your daily management.  A critical aspect of this process is an open dialogue with all those involved or related to your business. Focus...

One of the four business exit planning cornerstones, Contingency Planning has to answer the question “How will the business succeed if something suddenly happened to the Owner and that Owner does not return to the business tomorrow?” It is nice to have a long term...

One of the goals of Succession/Exit Planning is for an Owner to become emotionally independent from their business. There is an emotional, powerful connection that an Owner has to their business, a business which they created & have built over their lives. Thinking that this...

One of the first questions any buyer of a business will ask is “How dependent is this business on its current owner for its success?” By creating a business that can operate successfully without its owner, you create a business that is even more attractive...

You don’t have to leave.?One benefit of succession planning is that an owner is working to build a business to succeed without his or her daily involvement. It’s based on what an owner wants to achieve. Perhaps you have a vision of leaving your business completely...

Today, begin the process of defining how you plan to someday become independent from your business and how your business will become independent from you. Rethink the direction of your company. The mentality of no succession plan needed is old news, and smart owners need to begin...