Business owners often think of succession planning as a task for another day– sometime in the far-flung future when it’s time to retire and reap the fruits of your labor.
That’s not quite the case, though.
As we all know, life is unpredictable. Any number of things could suddenly force you out of your role as owner, ...
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Are you waking up to the alarm and dreading the workday ahead?
Perhaps you’re daydreaming about a career that makes you feel good about what you do for work.
Or, you’re a completely different person than you were when you entered your current field, so it no longer aligns with who you are.
At Catalyst Group ECR, we ...
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Transitioning a business under intensive buyer scrutiny is no easy feat. It takes a lot of work to position your hard work and legacy in such a way that convinces potential buyers that it’s a worthy investment.
We’ve previously covered understanding the buyer’s perspective, achieving financial and operational readiness, and considering the legal and compliance issues ...
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When you’re ready to exit your business, the thought of exposing the insider details to buyer scrutiny during the due diligence phase can cause a lot of apprehension.
First, know that it’s natural to feel protective and even defensive. You’re not alone in feeling this way. Most business owners have to grapple with the reality that ...
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You know those days when you’re on a call, replying to an email, and unjamming your printer simultaneously? We’ve all been there and perhaps even taken pride in our ability to multitask, wearing it as a badge of honor among busy professionals who can supposedly get more done in the 24 hours we all have ...
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Change, as any leader knows, doesn’t announce itself with a polite knock on the door, waiting for us to be ready. More often than not, it barges right in and demands to be acknowledged.
When executives feel that sudden shift, it can be pretty unsettling because change often introduces a lot of unknowns, with unpredictable outcomes ...
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Being a business leader is not for the faint of heart. It’s a position marked by constant, high-stakes change and complex decision-making. The right decisions could propel a business forward, while a misstep can lead to setbacks or even the prospect of shutting up shop. It’s no wonder leaders want frameworks they can rely on ...
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Did you know that acquiring a new customer can cost up to five times more than retaining an existing one? Or that increasing customer retention rates by just 5% can increase profits by 25% to 95%?
While bringing in new faces is always exciting, it pays to remember the people who’ve already bought into what you’re ...
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If you’re anything like me, you started your business with a vision and enthusiasm. We pour our hearts into our ventures, hustling day in and day out to turn dreams into reality.
But here’s the truth: passion and hard work alone aren’t enough to ensure long-term success.
The numbers often tell us the real story of how ...
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“The wise man doesn’t know all the answers, but he knows where to find them.” – Anonymous.
Despite the tendency to picture a successful business owner as an entirely self-reliant powerhouse capable of handling any hurdle life throws at them, the smartest among us often turn to external experts for insights and guidance we can’t tap ...
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