Family succession sounds like a dream. But without proper planning, it can destroy everything you’ve built.
Tag archives: exit strategy
It’s too late to fix this 6 months before you retire
Strategic business exits require years of planning—discover why improvised approaches fail buyers’ expectations.
Why some business owners retire rich – and others don’t
Kevin enjoyed monthly dividends from his successful business, but nearly sabotaged his retirement dreams.
Let it go
A friend of mine recently told me a funny story… He was on a video call with his son one evening, when he noticed how late it was getting. “Daniel, it’s 10.30 already – go to bed!” he told his son. The son couldn’t believe his ears. “Dad, I’m 32-years-old. I have my own baby. …
Emotional financial decisions
Imagine you decided to invest in a new product line, which you believe will double your profits and help fund your retirement one day. You pour significant funds into its development, hire new managers and salespeople to get it off the ground… And initially, your hard work pays off. Early sales figures are positive – …
The fastest route to business growth
The business owner probably couldn’t believe his luck. He had built a small company that developed radar reflection technology which helped yachts detect people lost at sea. Now he was ready to retire. And who should express interest in buying his company – but telecoms giant Marconi? At first glance, the interest seems strange… Marconi …
How long will it take to sell your business? (The answer may surprise you)
When you buy a house, you run numerous checks to ensure your investment is worthwhile. Your mortgage lender will carry out a survey to confirm that the house is worth what you’re paying for it. And you’ll commission at least one survey to assess the condition of the property and uncover any hidden problems. Very …
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My priorities have changed. (Have yours?)
I’ve never been particularly interested in travel. But now, after being cooped up for so many months thanks to COVID, I’ve started to feel differently. We have friends from Perth who were due to visit us last Easter, in order to surprise my wife for a ‘special’ birthday. Obviously, they had to cancel – so …
Continue reading “My priorities have changed. (Have yours?)”
