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[27 Jul 2009 | No Comment | ]
Don’t Wait To Benefit From Your Succession Plan

So you finally got over the emotional hurdles and are now really ready to do a succession plan. Almost by definition this is a once-in-a-lifetime event and, as such, you have no experience doing one. There are a few things to keep in mind as you’re creating your succession plan that will help ensure that it is effective and productive.
First, a succession plan is a natural extension of good business principles. If you look past the family and emotional issues, this is exactly what you would do …

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[8 Apr 2009 | No Comment | ]
Are You Important Or Valuable?

As strange as it sounds, the more important you are to the daily running of your business the less it‘s worth. When you started your business you had to do everything, that’s the way of a startup. Now that you’ve grown quite a bit your activities may actually be diminishing the potential of your company. As the founder and CEO, the buck stops with you and in some respects you are the keystone of the organization. Remember though, when you remove the keystone from an arch, the whole thing collapses. …

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[14 Jun 2007 | No Comment | ]

Leaving Your Business Series – presented by John Hrastar
Summary of three part series
Part 1: First Steps in Managing the Transition
Discover the numerous options to consider and the fundamental decisions you need to make at the outset when transferring ownership of your business, including:

Which transition strategies are available to you, how the options differ, and a brief overview of their distinctive components
How to determine the best transition strategy for your business
Why it’s important to develop a carefully crafted exit strategy at the start of the process
What questions you should ask yourself …