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The wealth of many baby boomer entrepreneurs is tied up in their business. This ...
The Quiet Millionaire® Wealth Builder System™ utilizes a step-by-step process to help baby boomer entrepreneurs increase the value of their business and enhance sellability attractiveness. The initial first step is to assess the current status of their business by completing a brief questionnaire for preparing a comprehensive Value Builder Score report. The report scores the […]
Baby boomer entrepreneurs typically have most of their wealth tied up in their business. Increasing the value of this largest asset can have the biggest financial impact for the business owner. A statistical research analysis of 6,955 businesses has pinpointed eight attributes how a business can increase in value by as much as 71% and, […]
Most entrepreneurs relate their company’s value to revenue and profits, but neglect to appreciate the role of cash flow. Very profitable businesses can go bankrupt for lack of cash flow. Cash Flow vs. Profits Cash flow is the life blood of a business and is different from profits in that it measures the cash coming […]
Entrepreneurs are constantly told that they should plan ahead early to build business value and sellability. They should, but they typically don’t! Therefore, the outcome is too often not the best it could be. The New Year has just begun, and as every New Year previously you’ve probably resolved to do differently and better a […]
I’m now in the process of writing a second Quiet Millionaire® book. My first Quiet Millionaire® book was written as a comprehensive personal finance guide covering a wide range of financial issues and concerns typically encountered by a broad readership. This second book is being written specifically to benefit the baby boomer entrepreneur. In particular, […]
Discontentment expressed through the emotions of anger, frustration, and bitterness, either from within yourself or by others, usually manifests from unmet expectations. No one is immune to experiencing these emotions, whether justified or not. An entrepreneur, especially the owner of a family business will experience these emotions at various times as a fact of doing […]
The New Year will be here very shortly and now is a good time to start planning in advance how to build the value of your business during 2015. Most baby boomer entrepreneurs will will set business goals that focus on achieving certain revenue and profit goals. However, if you want to make your business […]
The ultimate value and sellability for your business will be determined by the answer to: “What would an interested, qualified buyer be willing to pay for your company?” Whether you want to sell your business now, next year, a decade from now, or intend to pass the business on to your next family generation, you […]
Most entrepreneurs fail to plan how and know when is best to pass their business on to others. The result is that they often face being taken advantage of by potential successors and buyers, including, and sometimes most especially, by their own family members. The justifiable financial reward business owners seek for their long, hard […]
One of the most critical decisions for a business owner is whether to sell their business to an internal or external buyer. Either way can be a good or bad decision depending upon how you’ve planned in advance to meet your business and personal goals and objectives. Either way can make or break you financially […]