When someone is in the planning stages of opening or taking over a business, chances are he/she is not giving a lot of thought to the day when it’s time to sell or retire. That seems too much in the distant future, and the focus...
Ask yourself, what is Exit Planning? Is it a Process or a Transaction? It is the Process of an Owner obtaining their definition of Business Independence. Now ask yourself, how does Exit Planning and Business Independence blend together? The explanation: Exit Planning is a journey to...
Throughout most of our lives, we are programmed to clear paths to reach our next goal, our next phase of life. For many, it is always looking at the past or planning for the future which can bring chaos and negate the purpose of why...
Where do you want to be? Where do you want your business to be? Today, tomorrow, five to ten years from now...
Have you ever thought of the word Power? At different times in your life, you have to depend on power to live, to balance, to succeed, to give, to receive……The funny thing about power, it doesn’t mean you always have to be aggressive and correct,...
Do you ever go back in time and think about your graduation(s). Have you ever reflected upon the speeches you heard during this phase of your life? Did that speech leave a mark on you forever? Or how about thinking, what is next...
10. Boomer Owners can stay and still be free...
The long-term success of your business will be greatly impacted by your ability to recruit and retain the next generation of business managers/owners to your company. The majority of closely held business owners are baby boomers between the ages of 50 and 70. The total baby-boom...
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...