Just in the past two weeks I’ve spoken to several business owners who said:
“…I wish I had started thinking about this five years ago…”
I wish they did too.
These are hard-working, talented business people who haven’t given any real thought to their long-term goals. They are not alone. Unfortunately, many landscapers have most of their assets tied up in their business. They will want to sell the business to retire and may not know if they have anything to sell, much less an optimal path to value. I hope you are not one of the Regretful. But it happens to LOTS of business owners who are happily “slammed” and loving the great demand for business right now. If they have any extra bandwidth, they are using it to figure out new ways to hire more team members so they can be even more successful.
REGRETFUL DOG who jumped into retirement without a plan
Of course! keeping the business healthy is important. But wait–we all know that the tyranny of the urgent will continue to take you down the today/this week/this month path. Remember about big rocks first? Be sure you take care of them so you won’t end up like these other owners who LOVE what they do but haven’t even thought seriously about how to exit their businesses.
- Do you have a business that is saleable?
- Do you have a second in command who can/will run the company?
- Do you have any real idea of what your business is worth?
Did I get your attention? My message for you this week is simple. It’s something you must do to be sure you will be ready for the future. You’ve heard it before. But thinking about this is one thing, taking steps to figure it out is another. You need
AN ACTION PLAN
The dog in the photo didn’t have a plan. He just jumped and hoped for the best. Don’t be like the dog. Take a couple of hours this month and get started.
If you’d like to discuss your company’s goals including readiness for sale, selling, or buying a company, or if you would like help with an existing acquisition, please let us know. In the meantime, if you have questions or comments, I can be reached anytime via email: [email protected] or phone at: 224-688-8838. We’re here to help you Harvest Your Potential.