How do you build a business with staying power into the future? How do you create an organization that continuesgrowing no matter what happens in your markets? The most popular question I get at the 19th hole is how entrepreneurs can continue to build the value of their business and have…
In my last few posts, I explained why it’s likely you’ll have a difficult time selling your business if you intend to exit over the next 15 years, and what you need to do to increase its value so your business is one of the few that proves profitable in…
Bill Gates once said, “Take our 20 best people away, and I will tell you that Microsoft would become an unimportant company. “At the time of the quote, Microsoft had over 400,000 employees across the globe and over thirty billion dollars in the bank to invest in future business opportunities….
What are the most critical needs for growing organizations today? As the world continues changing, it is critical to help develop leaders who can work well on teams, but also be leaders in their own right. As we see many of our mid-level leaders moving towards retirement, many of our…
In my last post, I discussed the upcoming oversupply of companies for sale in the next 15 years, and why many of those company owners will be forced to resort to liquidation to recoup a fraction of their investment. I also suggested that if you don’t want to be one…
More than 70% of private business owners will exit their company in the next 15 years. Those business owners are usually expecting big outcomes from the sale: they’re hoping to use that money to retire on, maintain their lifestyle as they turn their attention to other projects, or benefit a…
In the last article we talked about the importance of persistence and of not giving up—of how good things happen when you truly believe in what you offer, and have faith in yourself. This is all well and good, until you hit the wall.
All great leadership teams have several things in common. You might not see them from outside, but when you work with them on a regular basis these commonalities become very clear. There are many leadership myths we accept because they make sense, but, in reality, fail to help build an…
When considering the importance of keeping the faith and not giving up, I was recently reminded of an experience I had with my son Jacob, who is now 21 and attending college at Ohio University. It was on a Saturday morning in an early spring, and at the time he was only 15. If you went outside that morning, you would have heard the familiar sound of lawnmowers could on every block—unless you were within an earshot of my house.
How do you decide what’s next for your life and business? For many entrepreneurs, we are entering the next stage in our careers and lives. We’ve successfully build our businesses and we are starting to make decisions that not only impact us and our families, but also the people we…