Five Ways to Ensure Your Business Can Run Without You


We’ve addressed in the past the difference between having a true business versus just having a job within your business. The more a business can run without the owner involved in its direct operation, the more value the business has to the owner and any eventual acquirer. Some owners focus on growing their profits, while [...]

How to Build Your Business for a Strategic Acquisition


In the past year, I've had multiple competitors approach me to acquire one of the businesses that I own. Being approached by competitors -- or anyone for that matter -- is always flattering, but, more importantly, it opens a door for many business owners that they have not considered in the past: selling their business. [...]