The foundation of a successful transition – whether you’re planning to someday sell to a third party or pass the business down to the next generation – is having the right people in the right positions within the company. In…
As a business owner, you possess a strong, refined skillset that provides immeasurable value to your business. When the time comes to transition out of your business, it’s not as simple as just finding someone else to lead the team;…
A few years ago we had a meeting with a prospective client who had worked with another company fifteen years ago to build his succession plan. We asked the client if we could dig out the dust-covered binder that had…
That’s a statement we never like to hear from our clients. Unfortunately, the majority of owners only find out what their business is worth when they have to: when they are looking to sell. Quite often, that’s too late. Often,…
It’s easy to assume that your team of employees are all on the same page when it comes to the company’s mission, vision, values, and goals. Whether you are considering transitioning your business to your kids, management team, or an…
There are only so many hours in the day. As a result, many business owners feel that their time is more valuable spent on managing the day-to-day operations of their company rather than planning for an exit. What if the…
There are currently 5 million Canadians over the age of 65; a number that is expected to double in the next twenty-five years (1). As a result, it is no surprise that there are thousands of businesses out there that…
When Times are good we don’t seem to have time for it and when times are bad we say we don’t have money for it. The result is that we don’t do it. William J. Rothwell, Ph.D on Succession Planning…
The ebb and flow of the business cycle creates a dynamic environment across many different industries. We often assume that certain types of trends are negative, when in reality, they provide us with an opportunity to change moving forward. Consolidation…
In an ever-changing world, one that is subject to considerable day-to-day fluctuations in the norms of technologic, economic, and social conditions, it is integral that a business aspiring for success, be one that solidifies its ability to adapt, and also…
