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Five Emotional Questions Every Family Business Owner Must Answer

  Can you honestly answer these questions? As a family business owner and advisor, I've had to address for myself and other business owners tough emotionally charged questions. Here are five questions that every family business owner must honestly answer during the Plunder Transitional Stage and beyond. How long can I, or do I want to continue [...]

By |2018-10-14T22:30:51+00:00September 22nd, 2018|Mastermind Group, Transitional Stages|0 Comments

Four Reasons Why Baby Boomers Fail to Sell Their business

Baby boomer entrepreneurs can have a lifetime of hard work result in disappointment and financial anxiety when they go to exchange the keys to their business for money. The following are four reasons why entrepreneurs fail to sell their business. Fear of the unknown. During buyout negotiations, selling owners come to realize that they have [...]

Three Reasons to Score the Eight Key Value Drivers of Your Business NOW

A research analysis of over 50,000 businesses has identified eight key drivers, which add business value as well as increase potential sellability. Here are three reasons why you should score the eight key value drivers of your business now: 1. Make your business more valuable than that of your peer's. 2. Discover your business's particular hidden [...]

By |2018-10-14T20:23:19+00:00April 7th, 2018|Business Value, Mastermind Group|0 Comments

Six Reasons to Cash In Your Business Chips NOW

  Are you a veteran entrepreneur trying to decide when and how best to move on from your business, and enjoy the financial freedom and personal happiness you've earned and deserve? Here are six reasons why you might want to cash in your business chips NOW. 1. You've lost your original entrepreneurial passion and enthusiastic [...]

By |2018-09-30T19:59:04+00:00March 31st, 2018|Business Value, Mastermind Group|0 Comments

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

  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 [...]

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

How to Make Your Business More Valuable in Twelve Months

  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 [...]

Five Reasons Why Business Financial Data Must Be Reliable

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. [...]

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

Three Psychological Roadblocks Preventing Babyboomers From Selling their Business

  For the baby boomer business owner, the decision to sell their business due to age causes anguish comparable to being told that they have a terminal disease. The following are three psychological roadblocks why owners don't sell their business. 1. Loss of control and status. After years of "ruling" the business as the "boss", [...]

Three Ways to Appraise Your Business For the Highest Value

  Business valuation is a "subjective science" at best, and using the wrong method could deprive you from receiving millions of additional dollars for the rewards of your life's work as a baby boomer entrepreneur. Strategic acquisitions usually produce the highest buyout price because the value is based upon what it's worth in the acquirer's [...]

By |2018-09-30T19:26:36+00:00May 5th, 2017|Business Value, Mastermind Group|0 Comments

Four Psychological Reasons Why Entrepreneurs Fail to Maximize Business Value

Most  entrepreneurs will not successfully build sufficient equity value to ensure a lifetime of financial security beyond the business. The following are four psychological reasons why entrepreneurs fail to maximize business value. 1. Denial of mortality Nobody plans to fail, but most people fail to plan. Most especially, nobody wants to plan for dying before dying, and [...]

By |2018-09-30T19:32:39+00:00April 28th, 2017|Business Value, Mastermind Group|0 Comments