Posts by Nick Welham
Most owners focus on the “number,” but the secret to long-term satisfaction might surprise you: Legacy.
Your exit is about more than just the bottom line.
Are you prepared for the biggest business decision of your life? Most owners focus on the “number,” but the secret to long-term satisfaction might surprise you: Legacy.
Read MoreExit value and the multiples are the way to judge success. What else matters?
Ignoring two other critical factors could lead to lifelong regret… When discussing sales, it frequently revolves around a number in dollars or “the multiple”. This is important, but if 76% of former owners regret selling, there is more to consider than getting the return you deserve. Two additional critical factors for a successful exit are…
Read More“My business is a legacy that I’m going to pass to my kids. That’s the best thing for everyone.” Is it?
“My business is a legacy that I’m going to pass to my kids. That’s the best thing for everyone.” Is it? Your business has likely seen more of you than your family has. It makes sense, then, that letting go feels impossible. It isn’t just a company; it’s a decade (or a generation) of missed…
Read MoreNo one wants to leave a mess for their family. They want to leave a legacy. What will you leave?
“I’m not going to exit for years. Maybe never!” There are two big problems with these common statements.
Read MoreHow can you avoid the pain of Seller’s Remorse?
The Exit Planning Institute has found that 76% of business owners regret selling their business. Will you have seller’s remorse or enjoy your new life?
Read MoreThe Great Knowledge Loss
Companies will struggle when they lose the people who know how to get things accomplished in the organization’s culture. The interpersonal relationships that these employees formed over the years and the social capital they built up are lost.
Read MoreHow employee turnover impacts revenue
In addition to the upset, extra work, and frustration employee turnover causes, what does it cost you?
Read MoreTough questions for your business
To insulate your business in this downturn, review this action plan to maximize your cash flow.
Read More13-Week Cash Flow Analysis
A 13-week cash flow analysis is used to cash flow issues and to enable you to be proactive
Read MoreEffectively leading remote meetings
Effectively leading remote meetings requires a different approach to preparation, execution and follow-up. Be aware of how much of your message is lost using a virtual medium
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