The planning fallacy leads business owners to overly optimistic growth predictions. Achieving significant value increase requires strategic planning, dedicated execution, and realistic timelines, highlighting the need for trusted advisors to navigate this complexity.
“I’m taking the logos off my trucks. It just makes them a target for personal injury lawyers.” “I don’t want to put our newest product innovations on our website. The competitors just copy them.” “We pay all of our employees to bring their vehicles back to the yard every night. We don’t want to be… Continue reading Decisions Made from Fear
Business Goals Goals are typically focused on a particular outcome and so should be specific. It’s worth the time to get into the details. If you intend to increase the company’s cash flow, how will that be done? If it’s by boosting sales, what has to change to make that happen? You could add a new product… Continue reading Goals and Resolutions
With the help of her Exit Planning Advisor, Sarah has decided that selling to a third-party buyer would best accomplish all of her goals (financial, values-based, legacy). Quantifying her business and personal resources with a financial gap analysis has been helpful to Sarah in determining her departure date in six years. She now knows the current… Continue reading Strategic Exit Planning: Deal Momentum, Deal Fatigue, and Pre-Sale Due Diligence
When it's time to transition out of your business, finding the right way to pass the torch can be a challenge. Have you considered selling your business to your employee team? It might sound unusual, but an Employee Stock Ownership Plan (ESOP) could be the key to a smooth and rewarding exit strategy. Business planning… Continue reading Empower Your Team: Selling Your Business to Employees with an ESOP Strategy
FPA Owner Transitions 