How to Create a Business Exit Strategy
Every business ends eventually. The question isn't whether you'll exit but how. Will you sell for a life-changing sum? Pass it to the next generation? Shut down and walk away?…
Every business ends eventually. The question isn't whether you'll exit but how. Will you sell for a life-changing sum? Pass it to the next generation? Shut down and walk away?…
Every new year, every new quarter, business owners set goals. Revenue targets, growth metrics, ambitious plans. Most are forgotten by February. The goals that seemed so clear in planning sessions…
You've spent years developing expertise. You know things others need to learn. Problems that baffle others are obvious to you. This knowledge has value, and consulting is how you monetize…
The consultant who serves everyone serves no one effectively. General positioning means competing with millions on price. You become a commodity evaluated by hourly rate. But the consultant who owns…
Behind most successful entrepreneurs is someone who helped them along the way. A mentor who shared experience, opened doors, challenged thinking, or simply listened when things got hard. Mentorship accelerates…
Most freelancers and agencies price wrong. They calculate costs, add margin, and call it pricing. Or they check competitor rates and match them. Both approaches leave money on the table.…
Hourly billing has a ceiling. You can only work so many hours. Raise rates and you eventually price yourself out. There's a limit to how much any client will pay…
Revenue is vanity. Profit is sanity. A service business can generate impressive revenue while the owner barely survives. What matters isn't how much comes in, but how much stays. Profit…
Most freelancers and consultants are underpriced. They set rates when starting out, then never revisit them despite gaining experience, improving skills, and delivering better results. Years pass. The same rate…
I spent my first five years in business not knowing if I was actually making money. I had revenue coming in. I was paying bills. But whether the business was…
More businesses fail from cash flow problems than from lack of profitability. A company can be profitable on paper and still run out of money to pay bills. Revenue comes…
Total revenue gets the headlines. Profit margin gets the analyst attention. But there's a metric that reveals more about business health than either: revenue per employee. This simple calculation—total revenue…