financial security

Navigating Financial Security After Exiting Your Business

In the unpredictable landscape of entrepreneurship, the decision to exit a business is often a significant milestone. Whether it’s due to a merger, acquisition, retirement, or simply moving on to new ventures, the aftermath of such a transition requires careful consideration for maintaining financial security. While the proceeds from the business sale can undoubtedly provide…

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A business owner seated at a table, looking down at paperwork with a thoughtful look on his face.

Navigating Business Transitions: Exploring Your Options for a Seamless Change

In the ever-evolving landscape of business, change is inevitable. As an entrepreneur or business owner, you may find yourself at a crossroads where transitioning your business becomes a necessity. The question then arises: What are your transition options? Will you sell to an outside buyer, transfer the business to family members, consider a management buyout,…

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Two people are sitting at a table with documents, a laptop and a calculator

Unlocking Business Value: The Power of Professional Valuation

In the dynamic world of business, one of the most pressing questions that often arises is, “How much is the business worth today?” Whether you’re an entrepreneur looking to sell your company or a stakeholder considering a transition, understanding the true value of your business is crucial. This is where professional valuation comes into play,…

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A calendar sitting on a desktop with a pen on top, as if someone is planning a timeline. There is a coffee cup and a laptop nearby

The Roadmap to Success: The Importance of a Tentative Timeline in Exit Planning for Your Business

Planning an exit strategy for your business is a crucial step in ensuring a smooth and successful transition. Whether you’re considering retirement, pursuing new ventures, or passing the torch to a successor, a well-thought-out exit plan can make all the difference. One of the essential elements of such a plan is outlining a tentative timeline….

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how to engage employees

How to Engage Employees for Meaningful Results

We have previously talked about the importance of onboarding new employees and building relationships between newer and existing employees as a way of retaining talented workers. Studies have shown that workers who are engaged and feel appreciated perform better and stay in their organizations longer. Unfortunately, according to Gallup’s State of the Global Workplace: 2022…

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customer experience

Focus on Improving Customer Experience

One common metric that companies focus their attention on is customer satisfaction. They most often attempt to measure it at the point of purchase and after customer service requests. Customer satisfaction is likewise used by the public as a metric for how reliable, trustworthy, and good a business is. Unfortunately, this is an incomplete way…

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operations management in action - manager consulting with a worker in a factory

Operations Management Is Vital to Business Success

Operations management is frequently overlooked in favor of other flashier business topics, but ensuring efficiency, production quality, and customer service is absolutely vital to your company’s success. Operations managers are every bit as important to your bottom line as your sales team and board of directors. Let’s talk about why.  The Importance of Good Operations…

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reducing owner dependence - older businessman thinking of vacation

Steps for Reducing Owner Dependence

Can your business survive without you? If you had to take several months off unexpectedly, would you have a business to come back to? If your answer to these questions is no, your business is dependent on you. If you do not make changes to make your company stronger and more independent of you, this…

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overhead shot of collaborative leadership around a table

What Is Collaborative Leadership?

Trends in leadership have changed dramatically over time. While previous generations of leaders often used a top-down, hierarchical approach to leadership, many of today’s business owners see downsides to this. Collaborative leadership is a leadership style that many are exploring because it features a number of distinct advantages. What is collaborative leadership, and how does…

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lightbulb - involving outsiders for solutions

Involving Outsiders in Your Family Business Transition

The family-owned business has been a mainstay of the American economy since the country’s beginning, and it has many inherent advantages. For every strength a family business has, there are corresponding weaknesses, however. When it’s time to transition the business, these weaknesses can become real barriers to success. Sometimes companies decide to bring in new…

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