Insights from the Smart Financial team
Being a successful business owner means looking to the future at all times. While no one starts a company with the intentions of leaving it, your success also hinges on a thoughtful business exit strategy. Laying the framework for a successful exit strategy as early as possible ensures the future longevity of your business, and having a plan in place … Read More
Do you know how sellable your business is right now? You should, even if you think selling your business isn’t something you want to do right now. Sellability should be built into your business at the earliest stages to give you more options in the future. We’ve got five reasons you should get ready to sell your business. 1. Options … Read More
The real question is, can you charge – and get – what it’s really worth to you? Even if you’re not ready to sell yet, it’s wise to prepare now so that you’ll fully reap the profits of your success. Start establishing your business’ value now and boosting its sellability as needed so that you get a truly fair price … Read More
When you started your business, you probably thought you’d never leave it. Maybe you still don’t. But even if you’re perfectly comfortable where you are, business exit planning should be a serious consideration for you. Having a business exit strategy puts you in control, so that you can plan your exit just as carefully as you planned your business at … Read More
You’ve worked hard to make your business a success, but have you thought about what your life will look like after you retire? It’s likely your retirement lifestyle will be much different from your business lifestyle, but what does that mean? How would you like your retirement to be different and how much would you like it to remain the … Read More
If you’ve ever longed to gain freedom from your business you are not alone – this is one of the most common aspirations for business owners. The great news is however, that you can begin planning today to get your freedom back. Common Constraints Business owners can feel trapped because: • They know more than anyone else in the company about … Read More
Why does any business do what it does? The easy answer is to make money but is that a sustainable objective in the long term? Is that an objective that clients of a business can share in? Is that an objective that inspires individuals to take positive actions? I would argue that the answer is no. Clearly all businesses need … Read More
