Whether you are in a start-up mode or have been conducting business on your own for years, knowing where your business is headed is critical to your future well being as well as the livelihood of others who may be depending on the success of your venture. This is why strategy is so important in a business, starting with the long-term vision of your venture in order to make better decisions and to identify and pursue opportunities effectively. While some of what I write here will seem basic to a...
Too many business owners are broadsided by the fact that the company they have put their blood, sweat and tears into is not worth what they emotionally believe it should be worth when considering selling or being bought out. When the company was built on solid principles and values, and has realized good profits and steady growth, it begins to make the owner wonder why they put so much of themselves into building the company for such little return when ready to cash out. However, that may be...