Establish an Owner Risk Profile while you can still impact it.
Public and privately held businesses can be grouped into two categories: lifestyle or value creator.
Did you miss the live broadcast? Not to worry! You can watch the recording from the “90-Day Business Sprints” webinar series by clicking the video below.
In preparation of the questions for the State of the Owner Readiness Survey, one of the team members asked me what seemed like an obvious question, “What does ‘ready’ mean?” or “How do we define ‘ready’?”
That seemed like a simple and obvious question that deserved an answer. So, I put together a set of 10 simple statements to help owners determine what they need to accomplish to be considered prepared or “ready” to transition their businesses. Use this as a simple checklist.
They started as a group talking about a good idea. Their group grew and they became a research team spreading awareness to their community. And now, these key advisors have emerged as thought leaders with more than 10,000 business owner subscribers having access to their articles every month.
Very excited to report that Mike Trabert (CEPA) of Skoda Minotti and I have established our first Owner Roundtable Focus Group in Northeast Ohio.
Most business owners are very good at contingency planning. They plan for every possibility imaginable, but surprisingly few business owners plan for the one thing that is certain: their eventual death or disability.