Blog Library

Warren Buffet, Mortality, and the Importance of Succession Planning

Posted by Jane Johnson on Wed, Feb, 07, 2018 @ 04:37 PM

 

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Topics: baby boomer businesses, Grooming a successor, succession plan, baby boomer business owner, baby boomer retirement, aging CEO, choosing a sucessor, warren buffett

It's 2018 - Time to Get a Plan!

Posted by Jane Johnson on Thu, Jan, 25, 2018 @ 04:50 PM

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Topics: business transition plan, business owner planning retirement, baby boomer business owner, Business ownership transition plan, increasing business value before selling, sell my business 2018, baby boomer retirement

Will Your Business Survive Digital Due Diligence?

Posted by Jane Johnson on Tue, Jan, 16, 2018 @ 11:23 AM

businessman-3075828__340.jpgPerception is reality. And now more than ever, your online perception of your business is reality. What’s the first thing you do after you meet someone in a business context or learn about a new company that you’re interested in? You probably do an online search and check out their website, social media presence, reviews, etc. As it turns out, private equity firms (PEFs) and other types of buyers or investors are doing the same thing as they scope out potential investment, merger and acquisition (M&A) opportunities.

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Topics: due diligence when selling your business, selling to a private equity firm, selling your business to a private equity firm, sell my business 2018, 2017 M&A activity, online presence, online due diligence

All Signs Say that 2018 May Be an Ideal Time to Sell Your Business

Posted by Jane Johnson on Wed, Jan, 03, 2018 @ 04:28 PM

 

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Topics: sell your business, sell my business 2018, 2017 M&A activity, tax reform selling a business, tax reform

Retirement Shouldn’t be Detrimental to Your Health

Posted by Jane Johnson on Tue, Dec, 05, 2017 @ 12:18 PM

Like most business owners, you have probably invested many years of your life and a large portion of your financial resources in your business, taking precious little time off to focus on yourself outside of the business. Frequently, owners are so focused on their business that their other passions fall off the radar. And after working in the business for so long, you are probably not used to thinking about yourself independently from the business. Chances are – even if you’re getting close to thinking about selling your business and retirement – you’re still putting yourself last, focusing mainly on the financial aspects of a transition. However, the non-financial aspects and, dare we say it, emotional preparation are also an essential part of the transition process. In fact, before anything else, the first step in our 6-step Business Ownership Transition Process is “Getting Yourself Prepared.”  

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Topics: Business owner readiness, business owner retirement, planning for retirement, preparing for retirement, business owner planning retirement

Business Owners are Leaving Money on the Table by Not Increasing Business Value. Are You?

Posted by Jane Johnson on Mon, Nov, 20, 2017 @ 12:01 PM

A recent study shows that many Canadian small and mid-sized business owners who plan to leave their businesses within the next five years are not making the best moves to realize the highest possible return. The Coming Wave of Business Transitions in Canada report put out by the Business Development Bank of Canada (BDC) in conjunction with Nielsen asked over 2,500 Canadian business owners about their succession plans, and it found that of the owners who plan to leave their companies within the next few years:

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Topics: Maximizing Business Value, Business ownership transition plan, increasing business value, increasing business value before selling

4 Business Transition Takeaways from Tom Brady’s TB12 Regimen

Posted by Jane Johnson on Tue, Nov, 07, 2017 @ 10:43 AM

Whether you love him or hate him, you have to admit that Tom Brady is pretty impressive. Winning records aside – his career longevity and commitment to his craft are something to be admired. In September, he added a new title to his name: health and fitness author.

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Topics: Free Business Transition Resources, Tom Brady, TB12, TB12 Method

Are You Prepared for the Worst?

Posted by Jane Johnson on Tue, Oct, 17, 2017 @ 04:02 PM

“Why should we look to the past in order to prepare for the future? Because there is nowhere else to look.” ― James Burke

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Topics: disaster planning, preparing for a disaster, business preparedness, is your business prepared, preparing your business for disaster, are you prepared for the worst

Back to School, Back to Business (Transition Planning)

Posted by Jane Johnson on Mon, Sep, 25, 2017 @ 03:19 PM

Four important lessons on what you need to do before you think about selling your business

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Topics: Selling Your Business Internally, Selling Your Business Externally, getting the best deal when selling your business, Back to School, Busines Transition Planning, Thinking about selling my business, Business owner education, baby boomer business owner

As a Business Owner, What Will Your Retirement Look Like?

Posted by Jane Johnson on Wed, Aug, 30, 2017 @ 01:01 PM

“In the end, it’s not the years in your life that count. It’s the life in your years.” ~ Abraham Lincoln

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Topics: business transition, business owner retirement, planning retirement, business owner planning retirement