Posts Tagged ‘exit strategy’

Succession

Last week I was asked to speak at a small business seminar on business succession as it relates to selling a business here in Florida.

Succession planning in general is the process of preparing to hand over control of the business to others. Very often family may be part of succession planning and while most businesses do not have any plans for business succession, those that do, fall short… Click here to continue »

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End of the road?

The End Game

In the business world, your professional career, your job, what is your end game? Do you have a goal to “be done by the time I turn___ years old”? What is your goal? Starting a business and selling it for a very comfortable profit- is that your goal? Climbing the corporate ladder to the top- is that your goal? Putting a… Click here to continue »

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You thought about your business days and night, 24/7. It’s good when your business prosper – It’s hell if your business is ailing.

You did whatever you can as an owner to save your business: You did a huge marketing campaign to push your business up, you downsized some of your worst performing employees. You worked hard to reduce overheads. You tried to find other income venues –… Click here to continue »

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A business must have an exit strategy. If things becoming too hot too handle, escape from it or face the consequences.

Well, there are so many tough and aggressive entrepreneurs out there. So tough, that many of them refuse to ‘give up’ when faced with adversities – disastrous cash flow, lackluster management, drowsy business, or backstabbing partner – even if they were destroying entrepreneurs’ life, let alone facing… Click here to continue »

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