November 13, 2018
Originally seen in What’s in it for me? I don’t see enough business owners asking themselves that question. They’re so excited about getting started—and then so overwhelmed with running the business—that they don’t ask What do I want to get out of it … when I’m ready to get out of it? The results of not asking are Dickensian. Just look at the two clients I spoke to in the same week: Client #1 has owned his construction company for 10 years. After just two months, he got offered $2M to buy his business. 80% of that will be paid in cash at closing. He’ll stay on for just 6 months to help integrate the clients and the team into the new ownership. Client #2 has owned his urban design business for 8 years. After trying to unload his company for the last 12 months, he’s selling the customer list to his main employee for $50K. He’ll be paid in monthly installments over the next year. Quite the difference, don’t you think? Here’s the…
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I know first-hand that running a knowledge-based service business has unique challenges. It’s so much easier when you have an advocate in your corner. Over the past 25 years, I’ve worked with thousands of New York business professionals who want a legal advisor to guide and support them as they navigate the business world.
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