You're in for a treat today. We're talking with Danny Govberg from Govberg Jewelers. We had a wide-ranging conversation that covered the buyer's journey, his membership in the Young Presidents Organization and even some conversation around he being the third generation in a family business. If you know anything about retail, you know at the very least it's been very challenging. In today's episode, you're going to hear from someone who has … [Read more...]
125 – How Every Business Owner Can Afford To Sell Their Business – Michael Coyle
Today’s guest is Michael Coyle from Centerpoint Business Advisors. He is going to help us understand the options you have when it comes time to leave your business. Michael has been in the business of selling and getting businesses ready to sell for years. He’s one of the people in this industry who is well respected and has been at it for his entire career. He understands that in most cases before a business can be sold, it has to have work … [Read more...]
7 Family Business Secrets You’ll Be Glad To Know
My family has a long history of being in business for themselves. My grandparents started as peddlers selling their wares door to door. My father started in the wholesale tobacco business and during his career he started and closed tons of businesses, but three of them stuck and were successful enough to overcome all of the ones that didn't work. I started down the road of working for myself when I was 7 years old. I would … [Read more...]
8 Easy ESOP Lessons
Today's video will help you learn the eight things you need to think about if you want to do an ESOP (Employee Stock Ownership Plan). After you watch the video let me know what you think about an ESOP in your company in the comments below. Is an ESOP Right For You? from Josh Patrick on Vimeo. Now that you've watched the video, why don't you leave a comment below and let me know what you think about having an ESOP at your … [Read more...]
Thinking About Selling Your Business…..You Better Read This First
Public Domain from pixabay Recently I was at a program sponsored by The Sudden Money Institute called Inward Bound. This is one of the programs I do to stay current and be a useful Financial Transitionists.TM During the program, I had a thought about a role I need to play with people who are thinking about or are in the process of transitioning out of their business. This is a role that no one talks about because almost no one … [Read more...]
