Peak Coaching Blog
Peak Coaching Blog
Should You DIY Your Business Exit ?
A business owner usually only exits a business once in their lifetime. It's new. It's emotional. It can be scary. There are options you may not know about, like transitioning out over time. What it is not, is something you should DIY. It may seem uncomplicated...
What Business Owners Should Know from the 5th Annual Exit Planners Survey commissioned by Exit Map.
Why an Advisor is Essential in Your Exit Strategy If you’re like most owners, your business is your largest and least liquid asset. The emotional and financial stakes are high when you’re preparing to exit. The growing network of experienced advisors is ready to guide...
Business Owners Stepping Back to Grow Value
For many small business owners, they run the show. Owners often have too much on their plate to make any real progress. This includes creating a marketing and sales strategy, as well as taking on leadership roles such as MD or CEO. There are business owners out there...
Why You Can’t Sell Your Business Overnight
So why can’t you just sell your business in a couple of months?Business owners are often told they need to get ready to sell their business, why can’t they just up and sell it? The short answer is that they are unlikely to sell it. Listing the business may be easy,...
THE DANGER OF MARKET TIMING THE SALE OF YOUR BUSINESS
Recently I was speaking with a successful CEO in his fifties who runs a heating and air conditioning company generating eight million dollars in revenue and over one million dollars in profit before tax. Even though he was tired and nearing burnout, he was planning to...
How Many Businesses Sell?
How many businesses that are put up for sale actually sell? If you are considering becoming a business broker, that might be a useful bit of information to have, don’t you think? For example, there is a convenience store/gas station near one of our offices that is...
Passing the Baton: 5 Strategies for Spotting Innovative Successors to Fill Your Founder’s Shoes
In 2012, Jaclyn Johnson founded Create & Cultivate, a media company that educates and inspires women to succeed in business. By 2018, Johnson had grown Create & Cultivate to eight employees when an acquirer offered her a staggering $40 million. Unfortunately,...
What’s holding you back?
The Big Thing Holding Back Small Businesses..... Small businesses stay small either by choice, or because they start chasing growth in the wrong places.When you strip away the layers, it all comes down to darts. Imagine a dart board with a bull's eye and around it is...
Why You Should Exit While You’re Ahead ??? A Cautionary Tale
The very best time to sell your business is when someone wants to buy it. While it can be tempting to continue to grow your business forever – particularly when things are going well -- that decision comes with a significant downside. Take a look at the story of Rand...
Business Owner Over 50? You need to read this.
How ready are you to exit your business? Research shows that 70% of people are NOT, and when you read the article below you will understand why that will have a significant impact in New Zealand over the next few years. New Zealand's population, like that of most...