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Why Business Succession Planning Is Important… and Getting an Early Start Is Critical
Most owners of small and mid-sized firms have worked hard their entire lives to build successful enterprises. Given this, it’s surprising how little time and attention many have devoted to their eventual exit from the business one day in the future. The most effective business succession plans are prepared well in advance, leaving plenty of time for adjustments. This post outlines three key priorities owners should think about when creating a business succession plan.
Business Valuation and Buyers -- The Right Buyer and the Right Price
Selling a business is a big step, and finding the right buyer can be a challenge. However, you'll have better luck finding an eager buyer if you put a price tag on your business and look for potential buyers you already know. Putting a price on a business – business valuation – is the first step in finding the right buyer.
Hiring Employees: Six Tips for Recruiting Top Talent
Hiring employees is a difficult task, yet it's absolutely crucial to a company's success. Small business owners and executives are often concerned about being able to recruit top talent without the aid of a large human resources department or a high-priced headhunter. While recruiting and hiring are significant challenges, owners and hiring managers can develop effective processes for weeding out unsuitable candidates and finding someone who will be a great
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