Do you know how much your business is worth? You should, even if you’re not planning on selling right now. Knowing the value of your business gives you the power to make confident decisions about the future, both yours and that of your business. Your starting point is determining that value. How Much is Your

If you’re asking this question, you’re already on the right path to a successful business sale. A business exit strategy is highly valuable at any stage of your business journey, but even if you appreciate this fact, it can be difficult to identify all exit options and know which one is right for you. Let

Your business is your livelihood, but what would happen if you suddenly couldn’t be there, either temporarily or even permanently? Illness or an accident can happen without warning, affecting not just you but your loved ones, your employees, and the others who count on you. Fortunately, there is a way to protect your legacy and

Why do you work? Why did you start your business? Crucially, what do you want out of life? Your business or job may be your joy and passion, but what else do you want to do besides work? Perhaps you want to pursue other interests, take that month-long holiday every summer, or simply be able

Ask yourself, “What is the value of my business?” If you know what that number is, congratulations! You’ve already done a lot of homework and preparation should you ever decide to sell. If it’s not worth as much as you think it should be, you can increase its value before you sell so that you’ll

Your business is your life’s blood but there will likely come a time when you’ll want to sell so that you can relax and enjoy life, or move on to another pursuit. To do that, you need to establish a good business exit strategy. An important part of that business exit strategy will be to

Why did you set up your own business? Did you want more control of your business and your life? Did you think you would have more time – not less – to relax and enjoy the rewards of your hard work? If you’ve found that you’re working harder and longer with little time to yourself,

No one wants to think about the worst, but the unfortunate and unexpected occurs all the time, and in the world of business, it is always better to be safe than sorry. You can’t plan for every calamity out there (and how could you?) but you can give your business and your loved ones some

For many business owners, their business isn’t just a business – it’s their life. Starting a business requires enormous dedication and perseverance, so it’s no surprise that you may be hesitant to be less-involved after investing so much time, money, and energy to its success. The truth is, taking time away from the day-to-day needs

Growing, expanding or even selling a business involves specific planning, but they all depend on one thing – healthy business finances. For this, you’ll need a separate plan. Financial planning for your business not only supports its success and growth, but can also help you achieve your personal lifestyle goals. Find out the three key