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25 03, 2018

Ten Ways That Make Your Business More Valuable Than Your Peers’

By |2018-09-30T20:19:32-04:00March 25th, 2018|Business Value, Mastermind Group|0 Comments

  The value of your company is partially determined by your industry. For example, these days cloud-based software companies are considered more valuable printing companies. However, when analyzing businesses in the same industry, there are major variations in valuation. The following are 10 ways that make your business more valuable than peers'. 1. Recurring Revenues: The more [...]

17 03, 2018

Baby Boomers, Delegating and Empowering Key Employees Can Be Risky

By |2018-09-30T20:27:51-04:00March 17th, 2018|Business Owner, Transitional Stages|0 Comments

  "Don't hang on too long and don't let go too soon." Boomer entrepreneurs often struggle with relinquishing control, and delegating and empowering others. When building a strong and motivated business team, the benefits of delegating and empowering key employees usually outweigh the risks. However, there can be risks to letting go too prematurely, which when [...]

16 12, 2017

How Age Influences Boomer Entrepreneur Decision-Making

By |2018-09-30T21:44:54-04:00December 16th, 2017|Business Owner, Transitional Stages|0 Comments

I'm now in the process of writing a second Quiet Millionaire® book. My first Quiet Millionaire® book was written as a comprehensive personal finance guide covering a wide range of financial issues and concerns typically encountered by a broad readership. This second book is being written specifically to benefit the baby boomer entrepreneur. In particular, [...]

9 12, 2017

How to Not Let Discontentment Derail Selling Your Business

By |2018-09-30T21:45:00-04:00December 9th, 2017|Selling Your Business, Transitional Stages|0 Comments

  The Contented Entrepreneur Discontentment expressed through the emotions of anger, frustration, and bitterness, either from within yourself or by others, usually manifests from unmet expectations. No one is immune to experiencing these emotions, whether justified or not. An entrepreneur, especially the owner of a family business will experience these emotions at various [...]

2 12, 2017

How to Make Your Business More Valuable in Twelve Months

By |2018-09-30T21:43:51-04:00December 2nd, 2017|Business Value, Mastermind Group, Time Management|0 Comments

  The New Year will be here very shortly and now is a good time to start planning in advance how to build the value of your business during 2018. Most baby boomer entrepreneurs will will set business goals that focus on achieving certain revenue and profit goals. However, if you want to make your [...]

11 11, 2017

How To Sell Your Business For A Huge Discount And Live Unhappily Ever After!

By |2018-09-30T21:57:10-04:00November 11th, 2017|Selling Your Business, Transitional Stages|0 Comments

Most entrepreneurs fail to plan how and know when is best to pass their business on to others. The result is that they often face being taken advantage of by potential successors and buyers, including, and sometimes most especially, by their own family members. The justifiable financial reward business owners seek for their long, hard [...]

14 08, 2017

Do You Own a Valuable Business or a Worthless Job?

By |2018-09-30T18:50:51-04:00August 14th, 2017|Business Owner, Transitional Stages|0 Comments

Many baby boomer entrepreneurs run a "business" that's growing, but which will die when they're no longer there to nurture it. Do you own a valuable business or a worthless job? There are eight drivers for building a valuable business. One of the drivers is termed Hub and Spoke. Are you the hub of your [...]

8 08, 2017

Five Reasons Why Business Financial Data Must Be Reliable

By |2018-09-30T18:22:20-04:00August 8th, 2017|Business Value, Mastermind Group|0 Comments

Providing believable financial data having integrity is one of the biggest hurdles for baby boomer entrepreneurs to overcome. The following are five reasons why business financial data must be reliable: 1. Better management decision making. 2. Obtain financing necessary to operate the business. 3. Financial performance is an important value driver to maximize business value. [...]

30 07, 2017

What Should Be Your Number One Business Goal?

By |2018-09-30T18:48:38-04:00July 30th, 2017|Business Owner, Transitional Stages|0 Comments

What should be your number one business goal? As a diligent entrepreneur, you probably each year set goals for top line revenues and bottom line profits. While these goals are important, there's another goal which should be number one for an even bigger payoff: Building Business Value. Here are three reasons why building business value should [...]

28 07, 2017

After Selling Your Business – It’s Time To Refresh and Renew

By |2018-09-30T18:21:40-04:00July 28th, 2017|Sold Your Business, Transitional Stages|0 Comments

As many of you know, I previously sold my business which I founded and nurtured for 25 years. At any given moment while growing the business, whatever what was in front of me on a daily basis was most important, my clients, my loyal staff, and managing all the details for ensuring business success. [...]