Phil SymchychThe largest investment in many entrepreneur’s retirement portfolios is the value of their own business. That’s a good news, bad news scenario.
Phil SymchychIn other words, when do you plan to exit your business so that your business valuation and personal wealth are maximized and you’re still healthy enough to enjoy your life and family?
Phil SymchychAs you can imagine, the last two places aren’t very good. In fact, the National Post published an article I wrote on succession planning a few years ago, and they put in a picture of a hearse.
Phil SymchychMany business owners think their position of owner-manager is a single position. It’s not. It’s two positions that are unrelated. Many problems occur when the owner thinks their status as the owner increases their skills or effectiveness as a manager
Phil Symchych, CPA, MBA, CMC, ICD.D
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