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...]
100 – Secrets Of Leaving Your Business In Style – Josh Patrick
This week's episode is a solo cast where I'm taking the microphone and talking about what it's going to take for you to leave your business when you want, in the way you want to whom you want. Too often I see business owners like you not be prepared to leave your business. In many cases it's more than not being prepared, you might not even know what to do. In many cases it's more than not being prepared, you might not even know what … [Read more...]
Want To Retire Someday……Do Some Succession Planning First!
Public Domain from pixabay Business Succession Planning Key to a Successful Retirement You don't even have to have a formal plan, although doing one is better than not doing one. What you do need to do is make sure you know what you need if you ever want to be able to leave your business. Too often I see people like you tell me retirement is five years away. If it's always five years away, you have a problem. That problem is you … [Read more...]
Be Really Smart, Find Professional Help to Sell Your Business
IN 1976 I went into business for myself. The business was a vending and food service company. When I started in the vending industry it was a strong one with reasonable growth. Fast forward twenty years and the industry had become one of the worst industries in the country. The business had gone from one with reasonable new business opportunities to one where it was a negative growth industry. It was the reason I wanted to move on. The … [Read more...]
The Amazing Secret That All Buyers Want?
I ask this question to business owners when they tell me they want to sell their business. It’s usually one of the first questions I ask. If you don’t know what potential buyers want, how can you possibly position your business to sell for a reasonable amount of money? It’s one of the keys to having a successful transition. … [Read more...]
