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South Burlington, VT

Value Creation Blog

3 Things You Need To Do Before Selling Your Business

3_Things_You_Need_To_Do_Before_Selling_Your_Business.pngFor lots of business owners like you the Holy Grail of having a successful business is being able to sell it to a 3rd party when it becomes time for you to retire. Before you even think about getting ready to sell your business you’re going to have get your business in a position where a buyer is going to want it.

You might think a buyer is going to want your business, warts and all. You might even be able to find someone to buy it. I would be very surprised that if you haven’t fixed these three things you’re going to have a hard time finding a buyer who is interested in your business at a price you want to sell it at.

Start with becoming operationally irrelevant.
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Topics: passive ownership

Wealth Management Tips VT: 5 Reasons A Thinking Partner Is Important

thinking_togetherOne of my favorite terms is one I learned from my friend Susan Bradley at The Sudden Money Institute.  It’s the term thinking partner.  A thinking partner is someone who helps you think through problems.  It’s not someone who gives you the answers.

A thinking partner allows you to be the expert.

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Topics: passive ownership, thinking partner, team work

A New Concept, Goal Mapping - Personal Growth

goal_mapping_2Several years ago I met Brian Mayne.  He introduced me to the concept of Goal Mapping.  This is where we take a general goal, something like making your life better and putting specifics in place that help you move towards your outcome.

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Topics: passive ownership, personal growth, goals mapping

Is Your Business Sale Ready?

systems_and_value_creationNo, I’m not asking if you want to sell your business. I’m telling you that you need to make sure your business is sale ready. That is of course if you’re interested in creating value with your business.

Sale ready means your business is something someone else would want to own. Sale ready means that you’ve done things to create value in your business. It means that you’re doing things right as well as doing the right things. It doesn’t mean that you’re about to start marketing your business to a new owner.

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Topics: value creation, passive ownership, salability,

A Day In A Life Of A Passive Business Owner

passive_ownershipOne of the very best things you can do to improve the value of your business is to make yourself operationally irrelevant in your business. I call this making yourself into a passive business owner. It doesn’t mean that you don’t care or work in your business. It means that you let others take care of the day-to-day operations of your business.

You don’t have to be the first one in anymore.

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Topics: value creation, wealth management, passive ownership

My Favorite Question: What Would Happen If?

What if  resized 600It’s a pretty simple question don’t you think?  It only has four words and it can change your world.  That little question, “what would happen if?” forces you to think about the world in a different way.

You and I see the world in a pretty specific way.  Sometimes it’s a good idea to try to think about our world differently.

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Topics: value creation, learning experiences, passive ownership

3 Steps To Becoming A Passive Owner

systems developmentI believe becoming a passive owner is a sign of maturity in the business owner. A passive owner is where you get out of the way and make yourself absent from the day-to-day operations in your business.

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Topics: operational irrelevance, for business owners, passive ownership

Don’t Let Your Company Become Obsolete

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Topics: operationally irrelevant, business coaching, innovation, passive ownership

Want To Be A Passive Owner? Have A Personal Management System

personal management system resized 600I often see business owners move from activity to activity with no purpose.  I was in this position till I finally put a personal management system in place.

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Topics: business coaching, for business owners, passive ownership

5 Reasons You Need To Be Operationally Irrelevant

Operationally Irrelevant cat resized 600One my favorite terms is operationally irrelevant.  This is the stage in your business where you are completely out of the day-to-day operation of your business.

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Topics: operational irrelevance, enterprise value, Tactical Excellence, passive ownership

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