According to the BDC, enforcing a sustainability strategy for your business can lead to reduced waste, lower costs and increased customer engagement. Not only is there an incentive for such a strategy because it’s good for the planet, but it is also good for business.
If you can’t effectively train both your successors and your customers to transact business without you, you will never be able to leave your business.
It’s important not to fall into the “that’s the way we’ve always done it” mentality, or worse, a “that’s not our business” attitude during a transition.
“A leader is like a shepherd. He stays behind the flock, letting the most nimble go out ahead, whereupon the others follow, not realizing that all along they are being directed from behind.” – Nelson Mandela
I don’t know Paulo but I wonder how his retirement is going…
The thinking that got you here won’t get you to where you need to be.” – Albert Einstein
Why is cash flow so important in a business transition? The stronger the EBITDA, the more prospective buyers will be willing to pay for the business.
Whether you are thinking to grow, exit or step back from your business, these all require effective transition strategies to ensure success.
Setting out to transform your company to an “entirely different level of effectiveness” can be an exhilarating experience.
As a business owner you are concerned about growth. You may be thinking – is the market right? Can I afford it? Should I wait until things improve?
Business Transition Alliance
We are business owners and advisors that offer consulting services to entrepreneurs. Working hands-on, we help develop and implement effective strategies that increase business value, growth and profitability, to prepare for the future.
“Beyond grateful for your partnership, genius and hard work!”
“Can I say one more time how great it is to have you guys in our corner”
“You were an important driver of a methodical process that helped us learn more about what our people think and want.”
“It’s been a pleasure working with you.”
“Thanks for your patience and guidance in putting us on our new path.”