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As a business owner, you know what it’s like to lie awake at 2 a.m. Maybe it has happened when you are excited and full of new ideas for your business. More often, it’s because you are worried about issues you will face the next day. Sometimes, it’s because you just woke up with the solution to a problem. I’ve experienced all those emotions about my businesses over the years. Awake at 2 o’clock? is where I share them with you, and hopefully help with answers that will let you sleep.
John F. Dini, CExP, CEPA
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Small business owners are the Hunters of the 21st century. We are 3% of the US population, and yet we create over half of all American jobs. As Hunters, we may not be inclined to manage by the numbers or stick to systems. Are you a Hunter or a Farmer?
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How prepared are you to exit your company?
The Assessment breaks down the four major categories of exit readiness; Finance, Planning, Operations and Revenue/Profit.
Tag Archives: entrepreneur
Avoiding the 75%: Why So Many Owners Regret Selling Their Business
If you’re planning to sell your business someday, here’s a statistic worth sitting with: research from the Exit Planning Institute and PwC found that 75% of business owners feel “unhappy” or “profoundly unhappy” one year after exiting their company. Three … Continue reading
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What’s Your Business Really Worth? (Probably Not What You Think)
If someone asked you right now what your business is worth, you’d probably answer fast, and with total confidence. That number’s likely made its way into conversations with your banker, onto a personal financial statement, maybe even into a retirement … Continue reading
One Response to What’s Your Business Really Worth? (Probably Not What You Think)
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The Inexperienced Advisor – An Exit Planning Horror Story for Business Owners
This is a cautionary tale for business owners—one that’s “based on a true story.” The facts are real, although the exact sequence of events might raise questions if the IRS were to take a closer look. A small business owner … Continue reading
Very true. Some banks like say Celtic Bank (John Park) will take the financial information(Tax Returns and financial statements) needed for a reasonably accurate value and what they will lend on the sale of the business. Accrual basis is most important as banks lend on cash flow and accrual based is the only real acceptable accounting method as opposed to the cash basis which is not GAAP and is how so many companies file their tax returns-Cash basis!