Most of the owners I work with started a business so that they could work for themselves in their chosen profession. Essentially, they were creating themselves a job – expecting to have more freedom, control, and income than working for someone else. Let’s face it, it’s great to own a b...
When you run your own business, there are 2 distinct paths you can take as an owner: the lifestyle business or the value creation business. Most owners of professional services businesses begin by creating a lifestyle business. We do the work we were trained to do – dentistry, plumbing, HVAC – or in...
An exit plan may be one of the most important strategic tools in your toolbox – but chances are, you’re avoiding it. You’re not planning to leave your business anytime soon, so why bother? I’ve found that most business owners don’t realize the value of exit planning until it’s too late. But a good e...