Blog Library

Lessons Learned from Shark Tank

Posted by Jane Johnson on Fri, Dec, 07, 2018 @ 02:13 PM

The dream of owning a business is as American as apple pie. According to research from Vistaprint, three in five or 62% of Americans were dreaming of starting a business at the beginning of 2018. The popularity of the reality show Shark Tank, which recently started its 10th season, has helped to encourage entrepreneurship and make it look easy. It’s certainly entertaining but can be misleading. In reality, starting and growing a profitable business – and then maintaining that value – is extremely difficult. 

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Topics: business owner goals, Shark Tank, Growing a profitable business, maintaining business value, Business ownership transition plan

Business Transition Planning Step Three: Building a Better Box

Posted by Jane Johnson on Wed, Oct, 03, 2018 @ 05:15 PM

Once you have prepared yourself for your transition (Click Here) and calculated your “wealth gap” or how much money you will need from the transition (Click Here), it’s time to think about just how much your business is worth. When we talk about “building a better box” in our book, Cashing Out of Your Business, we’re referring to maximizing the value of your business, which is always one of the fundamental components of achieving a successful business transition.

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Topics: increasing business value, selling your business 2018, business sales, increasing business value before selling, Business ownership transition plan

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