Is your business your retirement plan? If so, make sure you avoid these common mistakes so you can get top dollar for it when it’s time to sell. Here are my top 3 things that can devalue your business: 1. Skewed revenue distribution amongst customers. Your top 3 customers should
Tips to Maximize its Value Before You Sell If you are like me, and many thousands of other business owners, then you are planning to sell your business in the next 5-ish years, and your comfortable retirement counts on getting a fair price. Unfortunately, if you are like most of
Recently I talked to a group of business owners about coaching, and several of them said they don’t need a business coach because they have a mentor. I congratulated them for this and asked them to share with the group how they were using their mentors to grow their businesses.
I am often asked how much business coaching costs. Most of the time I answer by telling the person that is the wrong question… The better question is, “How much do you value growing your business?” or “What are you willing to invest in the growth of your business?” Expense
I recently traveled to Alaska, a trip of discovery, learning, and lots of family fun. One of the areas of learning was about the Southeast Alaskan Tribes. The Tlingit and Haida Tribes made a point of providing information to educate and enlighten us about their heritage and culture. One of
A couple times each year I have the privilege of training new business coaches. What could be more glamorous than spending 3-4 days in Las Vegas, in a conference room far from the strip, for 10-12 hours per day? I chose to do this because I love teaching, and after
Most of us have participated in a Summer Reading Program or have had a child enrolled in one. It was exciting to follow the progress to the top of the board. The purpose of the program is not just to give out awards. It is to build skills, knowledge and
Entrepreneurial Operating System vs. Business Operating System Operating Systems are a hot topic in business these days, which is great. The more business owners understand that there are common ways to scale their business, the more businesses will grow/scale and achieve their goals. There are two primary types of Operating
One common mistake that owners of small businesses make is confusing management with leadership and vice-versa. We all think that our teams only need us to be great leaders, when in reality they need us to be great managers first. Without great management, great leadership’s value is significantly diminished. Key
Spring is the time of year that nature gets ready for the hot, sunny weather to come. The sun is starting to shine more and there is plenty of new growth all around us. It is also a good time for you to get your business ready for a busy
To successfully grow your business – and by successfully, I mean in a sustainable, profitable, less than 80 hours per week way – you must achieve Mastery in 4 key areas of your business and life… Take a look at these 4 areas and do a quick self-assessment to see
Business owners wear many hats and have endless things to do. Unfortunately, some of us let this busyness prevent us from growing. We hit a plateau, but often find ourselves unable to allocate the time to make the necessary changes. How do you get past the plateau of being “too
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