Successful Life After Work Means Planning

Successful Life After Work Means Planning

Don Herrmann, MBA, CPC, SHRM-SCP Don Herrmann, MBA, CPC, SHRM-SCP

Don Herrmann, MBA, CPC, SHRM-SCP

Vice President, Human Resources | Strategic HR Initiatives, Workforce Optimization

发布日期: 2019年2月4日
+ 关注

My continuing education about business, work, and the workplace recently shared an interesting piece of data with me. That data was only 20% of businesses that go on the market are sold. Further, of those business owners who sold their business, 72% did not know or did not think the sale of the business will impact their lifestyle.

Think about those two points. The average business owner has 80-90% of their personal wealth tied up in their business. About 20% of them can take physical possession of that wealth through a sale while 80% will have to find another way. What should each of these business owners do to improve those outcomes? What can they do to become part of the 20% and equally important, what can be done for the remaining 80%?


*****READ MORE*****


If you enjoyed this Blog and think others may too, please like and share.

If you'd like help with Sustainable Business Growth and Value of your business, or you know someone who could use help, contact us today for a no-obligation initial consultation.

Don Herrmann is President and Founder of Herrmann Advantage Consulting, LLC, an advising, consulting and business coaching firm dedicated to the development of long-term sustainable growth and profitability for businesses through their business and workforce processes. A Speaker, Facilitator, Mentor, Coach, and business thought leader, he can be reached by email at [email protected].

要查看或添加评论，请登录

Don Herrmann, MBA, CPC, SHRM-SCP的更多文章

  • Fake It Till You Make It
    2021年3月1日

    Fake It Till You Make It

    When I asked the business owner what their plan was to achieve success, that is what they told me, “We are going to…

    1 条评论
  • You Don’t Have to Sell More to Make More Profit
    2020年2月3日

    You Don’t Have to Sell More to Make More Profit

    I often hear, “Our sales are down…we have to hire a trainer, coach, consultant to increase our sales.” “Our sales are…

    3 条评论
  • Why Are We Managing Generations
    2020年1月27日

    Why Are We Managing Generations

    Over the last several years a lot of people have made a lot of money telling business owners and leaders that to…

  • Why Would Any Business Owner Not Want To Grow?
    2020年1月20日

    Why Would Any Business Owner Not Want To Grow?

    I am sometimes a bit surprised when I hear from Business Owners that they do not want to grow their business. I can be…

    2 条评论
  • Accepting Change is Difficult – You Must First Avoid the “Not’s.”
    2020年1月13日

    Accepting Change is Difficult – You Must First Avoid the “Not’s.”

    Change is inevitable. Like time, we cannot stop it.

    2 条评论
  • The WOW Person – Is It All Good?
    2020年1月6日

    The WOW Person – Is It All Good?

    Your career is sailing; your business is profitable; everyone looks at you and says “WOW, I want to be like them.” I am…

  • Becoming an Entrepreneur
    2019年12月23日

    Becoming an Entrepreneur

    Becoming an Entrepreneur is easy. You decide you are good at something or have something people want.

  • Ambiguity is NOT a Leadership Value
    2019年12月16日

    Ambiguity is NOT a Leadership Value

    Ambiguity, according to many dictionaries, can be defined as “any concept, idea, statement or claim whose meaning…

  • Bandaids Aren’t Problem Solving
    2019年12月9日

    Bandaids Aren’t Problem Solving

    All businesses, even the very very best, face problems. When addressing these problems some businesses do a better job…

  • Do Business Coaches Really Add Value
    2019年12月2日

    Do Business Coaches Really Add Value

    As you prepare for the new year and new successes a consideration may be hiring a Coach. The question I hear often is…

社区洞察

其他会员也浏览了