You should always run your business as if it is for sale. It results in a tighter run business. We have found that in good times, when the money is flowing, we tend to be less cautious about what we are spending money on. When things get tough and we tighten up our...
While this may seem obvious, if you are considering selling your business to one of your employees it is imperative that you share everything with the employee before they decide if they want to take over your business. Sometimes when selling the business to an...
Many entrepreneurs have much of their net worth tied up in their companies. The trick is turning that stock into cash when it’s time to retire. But the BIG question is “when to retire and how?” Business owners begin thinking about Exit Planning when they start feeling...
It is our responsibility to determine how we spend our time. Stress related to time pressure is a symptom of poor self management. How you spend your day is a matter of setting priorities, planning and discipline in sticking to your planned schedule. If some...
1. Have a plan and include your success team 2. Get turnover > €3m 3. Standardise as much as possible 4. Have a quality management team 5. Make profit consistently 6. Create recurring revenues 7. Generate barriers to entry 8. Achieve consistent growth 9. Create...
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