According to a 2009 Deloitte survey ( Entrepreneurship UK: 2009/10 On your marks, Page 21), 24 percent of owners said they had not planned their business exits. Another 18 percent indicated that their exits would be “opportunistic” meaning that their plan was to wait for a third party offer. If you think planning for the [...]
When it comes to internet marketing strategies, many business owners just seem lost. Traditional methods of marketing don’t always apply when you take your business online, plus you have opportunities to really individualize your internet marketing strategies and aim them right toward your ideal customer, even if that person takes several different forms. If you [...]
All owners understand (at some level anyway) that they will someday leave the businesses they have created. Let’s assume for a moment that tomorrow you leave your business permanently. If you are an Inconsequential Owner, your exit will have no impact on the business, and that’s good for business value. Buyers pay for business value—not [...]
For many owners, the answer to one question determines their ability to leave their companies: “How much money will I get when I sell?” This question is indeed critical. Realistically, you can’t exit your business unless you achieve financial independence, and the primary source of that independence is likely to be the funds you receive [...]
The starting point for any type of plan is defining its goals. In the case of planning a business exit that means knowing what it means to “exit your business in style.” Philosophers, business owners, and successful people from all walks of life understand the critical importance of establishing goals, creating plans to attain those [...]
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