The third stage of the four transitional business stages, which I describe in my book, The Quiet Millionaire, is the Thunder stage, when higher levels of growth occur. This requires the business owner to focus more on higher level decision-making and intelligently leveraging and leading a growing number of managers and employees. In other [...]
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 [...]
One of the most malicious obstacles to achieving a financially successful exit from a business is the taxation of business and personal income and capital gains. Furthermore, often the ultimate tax blow is the estate tax liability. Combine all of the double and triple taxation totaling possibly as high as 90%, the IRS controls the [...]
Scalability of your business means that your can grow your customers and increase revenues without incrementally increasing your business costs. The result is increased profits, higher business value, and more attractive sellability. Scalability, in the context of selling a business, refers to a company's ability to add significant revenues and not be constrained by it's [...]
The Quiet Millionaire® Value Builder System™ utilizes a step-by-step process to help entrepreneurs increase the value of their business and enhance sellability attractiveness. The initial first step is to assess the current status of your business by completing a brief questionnaire for a free Value Builder Score report. The report scores the business value and [...]
Entrepreneurs typically have most of their wealth tied up in their business. Increasing the value of this largest asset can have the biggest financial impact for the business owner. A statistical research analysis of 6,955 businesses has pinpointed eight attributes how a business can increase in value by as much as 71% and, therefore, [...]
Most entrepreneurs relate their company's value to revenue and profits, but neglect to appreciate the role of cash flow. Very profitable businesses can go bankrupt for lack of cash flow. Cash Flow vs. Profits Cash flow is the life blood of a business and is different from profits in that it measures the cash coming [...]
Entrepreneurs are constantly told that they should plan ahead early to build business value and sellability. They should, but they typically don't! Therefore, the outcome is too often not the best it could be. The New Year has just begun, and as every New Year previously you've probably resolved to do differently and better a [...]
The ultimate value and sellability for your business will be determined by the answer to: "What would an interested, qualified buyer be willing to pay for your company?" Whether you want to sell your business now, next year, a decade from now, or intend to pass the business on to your next family generation, you [...]
One of the most critical decisions for a business owner is whether to sell their business to an internal or external buyer. Either way can be a good or bad decision depending upon how you've planned in advance to meet your business and personal goals and objectives. Either way can make or break you financially [...]
