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...
10. It's a process,?not a transaction.?Business succession or exit planning is about building a business that can succeed without its owner while preparing an owner to become independent — emotionally and financially — from the business. 9. You don't have to leave.?One benefit of succession planning...
While as an Owner you may have your own personal Bucket List, your business has one for you as well. These are the things that your business hopes you will do for it before you leave that will give it the best chance of success...
As a business owner, take the time now to say thank you to your key employee(s). By sharing success with your key employees, you are saying you care, you want to retain their talent and you are showing you are confident in their abilities. Begin...
As a member of Business Enterprise Institute (BEI), the country's pre-eminent Exit Planning resource for business advisors in North America, Bob O’Hara of O’Hara & Company, PC and Creator of ExitPlanning-EDU.com is involved in a National Survey of Business Owners to learn about what they...
Why are Business Owners staying longer? Seems like a simple question, but in reality it is more complicated than one would think. Most business owners simply don’t want to leave their business. Many do not have enough money saved to live financially independent of their...
Have you ever looked in the mirror and asked yourself – What am I going to do with my business today, tomorrow or in the near future? How am I going to get to my defined path of Business Independence-but wait; what exactly is Business...
2013, it’s now time for business owners to rethink the direction of their companies. The mentality of no succession plan needed is old news, and smart owners need to begin planning and building value…with a thorough business plan, a key employee incentive plan and a...