Occasionally, successful business owners will say to themselves and their advisors, “I’m too old to start a multi-year plan for my future.” In many respects, this mindset is similar to saying, “I’m too old to succeed,” which is preposterous! Let’s look at a few reasons why you’re never too old to plan for a successful future.
Proper planning can give you time back
Successful business owners are often indispensable to their businesses. So, the idea of adding yet another responsibility—planning for a successful future—is sometimes met with, “I just don’t have time for this.” And as owners age, they may tend to ignore things they don’t think they have time for.
However, proper planning can free up a successful business owner’s time. One of the key elements of a successful plan is making yourself inconsequential. Doing so requires a strong next-level management team to run the busine
Running a successful business is a lot like a thoroughbred horse running a race. Knowledge of the competition, track conditions, and your own skill play huge roles in how you finish the race. However, it can be easy for business owners to give everything they have and run out of energy right before the biggest moment of the process: when they approach the home stretch of their business exit. Today, we’ll explain why it’s crucial to begin planning for your biggest moment well before it arrives.
Pacing yourself to exit before you’re exhausted
After years of successfully running a business, you’ll likely reach a point where you either cannot or don’t want to continue running yourself ragged. However, waiting until this moment to begin planning for a successful future can hamstring your efforts.
By beginning your planning process earlier than you might think necessary, you can address the common roadblocks that arise due to the limitations
New York (PRWEB) December 07, 2022 PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax and advisory firms, today announced that it has