Have You Been Thinking About How to Start an Exit Plan?
Business Owners are hesitant to begin exit planning for many reasons. Sometimes it is simply because they are uncertain over their objectives and a desire to put off something that seems a long way down the road. They postpone planning because they do not want ...
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Welcome to the April edition of The Monthly Huddle– A short, sweet, and to-the-point advice blog for tackling some of business management’s most difficult questions! This time, we’re talking about dealing with “difficult” people.
Dealing with Difficult People
They could be aggressive, argumentative, or neglect deadlines. Maybe there’s just something about their personality that just doesn’t jive ...
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Last week, we discussed the prevalence of managers dealing with imposter syndrome. You can get caught up by reading “Managers and Imposter Syndrome: The 5 Profile Types,” but to briefly summarize:
“First described as the Imposter Phenomenon in the 70s by Drs. Suzanne Imes and Pauline Rose, the working definition is ‘the mental self-torment of someone ...
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Before we get started, take this quick quiz:
Do you feel like you tricked or manipulated your way into your current position?Are you anxious or worried about the day that your employees find out that you’re a fake or a fraud?Do you feel that despite other’s confidence in your abilities, you are more likely to fail ...
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In our conclusion to our series on exiting your business, we’ll discuss the option to sell stakes to partners. You can read our strategy overview in our original post or learn more specifics about passing your company on to a family member, using ESOPs, selling to a third-party, and manager buyouts.
For business owners with partners, the option to sell stakes to ...
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For those who want to sell their business, but are concerned about the impact to employees and operations in the event of a third-party sale, a manager buyout may be an option. Keep checking in throughout March for more articles about exiting your business!
What is a Manager Buyout?
When the time comes for a business owner ...
This week, we’ll give a brief overview of one of the most common options for transitioning out of your business: selling to a third party. Keep checking in throughout March for more articles about exiting your business!
When you don’t have a family member or employee who is prepared to or interested in buying your company, ...
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In this next installment of our series on business transition strategies, we’ll look at employee stock ownership plans (ESOPs). Keep checking in throughout March for more articles about exiting your business!
Selling your business is never an easy decision, and not having an exit plan that meets your financial, personal, and professional needs make that choice ...
Practicing gratitude may not be a common habit, but without gratitude, life is more challenging than it needs to be. Feeling grateful resets your perspective, and this is a gift you can give yourself each day. During these days of perhaps feeling isolated – you may find yourself feeling pessimistic or overwhelmed, a little gratitude ...
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Last week, we overviewed six ways that exiting business owners could transition out of their role. Over the next few weeks, we’ll take a more in-depth look at all of those strategies, starting with passing your company on to a family member.
This option is tempting for many reasons. It allows you to remain involved, at ...
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