Ready for Next USA helps business owners achieve a business transition on your terms. Additionally, we provide the right knowledge, resources, and insights from our blog to ensure a successful exit. As a result, business owners are empowered to plan and execute their exit strategy effectively.
Here’s what’s new:
Understanding the Difference Between Value and Price
In the realm of finance and business, the terms "value" and "price" are often used...
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The Higher They Rise
From being ostracized or penalized because of success or achievements, to being told their ambition is annoying or makes superiors look bad, women are actively being punished for expressing interest in and pursuing success.
Where do we work when there is nowhere left to work?
Business continuity, according to Wallace and Webber, is a business’ ability to provide goods and services to customers despite significant disruption and challenges. But what happens to the customers and employees if the business can’t continue?
Are you and your business rolling with the punches? Or getting knocked out?
If we assume VUCA is an adversarial environment – hostile to our short and long-term business interests – we bypass our cognitive biases telling us to dismiss what threatens our needs. We assume a posture of response rather than reaction and our approach to risk management switches from defensive to offensive.
Is your business increasing your risk of heart disease?
Experts emphasize the importance of living a “heart-heathy” lifestyle – regular exercise, good diet and stress-management practices – to reduce our risk of heart disease. The same basic idea applies to a business. One of the three ways to increase the value or “health” of a company is to reduce risk. This just so happens to come with the added benefit of reducing business owner stress in the long run.
This new year, we’re ditching analysis paralysis by embracing the bare minimum. Will you join us?
In our work with business owners, something is almost always better than nothing. A hastily concocted contingency plan trumps no contingency plan. Half-baked ideas about life-after business dreams and goals beat no ideas. We aren’t advocates for shoddy work, but we are aware of the human condition and the last thing a good advisor wants is for a (potential) client to disengage because they’re afraid of falling short of perfection.
One simple thing Vincent van Gogh can teach us about SME business retention and economic prosperity
Small and medium size businesses are clearly major contributors to both local and global economic vitality. Communities need to be actively involved in retention efforts to ensure local businesses are resilient enough to weather external pressures such as an aging population, natural disasters/pandemics and rising inflation.
