We are currently in the midst of the silver tsunami. That is, entrepreneurs aged 55–73 years old who are part of the Baby Boomer generation, are now retiring from their businesses or are currently in the stage of transitioning their businesses.
No one expects it but unforeseen circumstances do happen and cause major disruptions to your ability to run a business. So if these situations happen, do you have a plan?
One of the best things about having a small business is how much of your identity and passion you can pour into it. You’ve put your heart and soul into every step or decision and invested a significant amount of time, money, and effort.
Customers are the lifeblood of your business, most small business owners establish relationships...
Small business owners need to answer three important questions to create an exit strategy for their small business. By answering these questions, small business owners will be on their way to successfully selling or winding down their small business easily and affordably.
“At that point, I realized that I was going to have to tell the employees.” You might have put...