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Quiet Millionaire Blog2018-09-30T18:43:28-04:00

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 to run the business? What [...]

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 no idea what they're doing. [...]

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 value assets and devaluers. 3. [...]

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 energy. Your business has grown [...]

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 revenues automatically recurring from contracts [...]

Baby Boomers, Delegating and Empowering Key Employees Can Be Risky

  "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 they occur, can cause the [...]