Category: Exit Planning

If this sounds like a worthwhile exercise, the first step is to identify the aspects of your business that are dependent on you. Then start small and pick one area to tackle first. Can it be delegated? Can it be systematized? Outsourced? Maybe some additional training is needed. Maybe someone with experience in that area… Continue reading Taking the First Step

By definition, a small business depends on its owner. Especially if you are its original founder. After all, the business would never have existed without the leap of faith you took to start it in the first place. It wouldn’t have survived it’s early years without the blood, sweat, tears and sacrifices, financial and otherwise,… Continue reading Is Your Business Too Dependent On You?

When it comes to careers, business owners are a minority of the population. The North American Industry Classification System (NAICS) lists businesses with 5-99 employees at around 3.3 million and only 123,000 businesses with 100-499 employees (the SBA’s largest classification for a “small” business). Overall, that means only around 1% of our population are private… Continue reading Owners are a Minority

49% of male and 44% of female college graduates are still working at a below “college-level” jobs ten years after graduation. Graduates who complete an internship are 49% less likely to become underemployed after graduation than those who did not. (SOURCE: STRADA EDUCATION FOUNDATION)

The US Consumer Price Index (CPI) — a measure of inflation experienced by consumers — rose 11.4% in the two years leading up to the start of the US Federal Reserve’s interest rate–hiking cycle which started in March 2022. In the two years since then, the US CPI has risen another 8.6%. (SOURCE: BLS)