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Why Business Owners Should Push Their Limits Every Once in Awhile
I’ve watched some business owners become comfortable with what they’ve built and become complacent and uninspired.
If you can find ways to continue to stretch your mind, body, and spirit, it will translate into every facet of your life.
Sometimes the best way to feel alive and to stimulate creativity and what makes us human is to feel a little scared. When we sense that risk, it brings a focus that is often lost in the distraction of our technology-infused world.
And so my challenge to you is…
Doescher Group Proven Process
At Doescher Group, we have two main client paths: Exit and Evolve.
As a business owner, you will one day exit your business. We are ready to walk you through this process every step of the way.
On the other hand, along the road to the eventual exit of your business, it will inevitably evolve as you work to meet customer needs and build value for yourself and your employees.
Regardless of which path of our Provey Process you start down, everything begins with building a relationship through Discovery.
The Secret to Achieving More
If you’re frustrated about scaling beyond what you can personally do or wanting to take a vacation without worrying about the plant burning down while you’re gone, or simply want to leave at 3 to coach your child’s sports team? How do you build a team that shoulders the load with the same discipline and accountability that you bring to the table?
Why Internal Sales Fail
You run a business. You’re self-made. You’ve made tough decisions, you’ve taken risks. It hurts to consider the idea of allowing some investor off the street to step into your shoes as owner; someone with no previous history with your customers, your employees, your vendors, your products & services. It just feels wrong.
Normalizing EBITDA (Why You’ll Look at Your Expenses in a Totally Different Way)
Remember that incredible business trip you took to Italy last year? No doubt, it was a work trip. You did indeed conduct business. But just between us, did you need to try all the wines with your clients that day? Did you need to go for two full weeks instead of three business days? No criticism implied; the ability to expense things is one of the great perks of owning a business. But when you’re ready to exit your business, suddenly all these extra expenses can work against you. That’s because the valuation of your company is based on a key metric many people have never heard of: your EBITDA.
Getting a Baseline Assessment of Your Exit Preparedness: Exit Audit Overview
Starting small now will inevitably lead to exponential changes in the value of your business in the future. Warren Buffett did not wake up in his 50s and decide he would be rich. He started making small decisions as a young boy and these accumulated into his financial success in his 50s. An Exit Audit creates a road map of the things you can start doing today, without interrupting everything you’ve got going on.
Why Should You Build a Great Company Culture?
“What gets celebrated gets reproduced.” These words given to me early in my career by a mentor have stuck with me. He meant that our employees, and all humans for that matter, move towards what feels good. And it feels good to be celebrated. Meaning that inevitably our employees will continue to reproduce - consciously or not - that which we celebrate.
Unplugging from the Matrix: What Distractions Do You Need to Remove from Your Life?
Do you ever have days where it feels like you struggle to finish anything? You have a mountain of work to get through, but you cannot find the motivation to get started?
Join us for our 1st Annual Owner's Forum presented by the Exit Planning Institute!
As a business owner do you feel like you’re on an island? You’ve built your business with blood, sweat, tears, and long hours … Now perhaps it’s time to start thinking about what’s next as you know you’ll have to step away from your business sooner or later.
If you don’t know where to start, we have the perfect event for you! Come meet with a community that understands your concerns. People who have been in your shoes and the advisers who serve them.
What’s Going to Happen to My People When I Sell?
Your employees have been with you through thick and thin. Building your company alongside you. But as you prepare to exit, your attention turns to one question again and again: What’s going to happen to my employees now that I’m selling? Here are 4 Ways You Can Look Out for Your Key Employees During the Sale of Your Company.
Your Exit is Not Really an Exit: The Long Goodbye
Exiting your business is a process. It’s not an event. It might come as a surprise to you, but exiting well can take a lot longer than you might think. Why? Private company investors today are investing in great teams more than anything.
In this post we’ll help you understand some of your options to allow you to exit well, on your terms.
Preparing Your Business For Exit is Just Good Business Strategy
Where you sit today, exiting your business may be a far off thought, but it’s important to see that one day it will be a reality. Even if your exit is 20 or 30 years away, there are things you can do today that will radically increase the value of your business in the here and now, and when it’s time to exit.
Selling Your Business in the Next 5 Years? Consider These 3 Tips For A Successful Exit.
It’s not time to ride off into the sunset and sell your company yet, but it’s coming and you find yourself wondering what you can do now to prepare for the inevitable future–the sale of your company.
Here at Doescher Group we work with business owners to ensure you make the most of your once in a lifetime opportunity to sell your business, by helping you position yourself and your business for exit in order to send you confidently into life’s next adventure.
Here are three tips for successfully selling your business to get you started.
Earnings Volatility and How It Impacts the Value of Your Company
The guiding principals you have used to run your business successfully are not always the most helpful when it comes to selling your business. Let us help you offset your company’s earnings volatility by moving from cash to accrual accounting, and learning to really understand your financial statements.
No Decision Is Still A Decision
The biggest, most impactful decision most founders and business owners will make is also the decision they seem to avoid the longest. How will you exit your business? Here at Doescher Group, we help you face that question on your terms.
The Labor Shortage & How It Affects Your Exit Strategy
2020 hit you like a freight train. The slow leak of the last decade became a gusher, and the labor pool completely dried up. Nobody wanted to work. You’ve raised wages, you’ve made jobs more flexible, you’ve offered more benefits, signing bonuses … You name it, you’ve tried it. Two years later, you feel like you’ve made no progress at all.
Your labor challenges have burned you out and you’re ready to be done with all of this. What do you do?
Inflation Storm - Selling Your Business Amidst Input Price Volatility
It’s true, the inflation nightmare of the 80’s is back. The official US government reported Consumer Price Inflation (CPI) is increasing at a shocking rate of 7.0%. After decades of being lulled to sleep by stable prices, you are being bombarded with price increases across the board. In many cases, these price increases are being paired with longer lead times than you’ve ever experienced.
If this inflation storm is the final stressor pushing you to exit your business, you’re not alone. It truly is a tumultuous time across several industries. But it doesn’t mean you can’t get the most for your business.
Investor or Employee? Changing Your Mindset About Your Role in Your Business
You are a business owner. But when you arrive at the office in the morning, I’m guessing you arrive as an employee. You might be the highest ranking employee, but you’re an employee nonetheless. You have job duties and responsibilities that need to get done in order for the business to function properly. You draw a salary like everyone else. And the fact that you happen to own the company’s stock does not factor into the reality of your daily work life.
Is the Problem Time Management or Sticking to Your Priorities?
We work with many busy executives who continuously have to decide where to spend their time. As we observe those who are the most successful, our conclusion is that they know what is vitally important and they have the discipline to stick to it. We have also realized that there is no magic time management system, no matter what the consultants promise. Successful executives all have different systems — some are sophisticated, others are quite simple.
What’s a Chief Transactional Officer and Why You Might Want One
Lately though, you’ve been turning your attention to some bigger questions. The status quo isn’t working for you anymore and you’d like to shake things up. You keep posing a question to yourself, “Should I grow this thing? Or should I sell the company and move on?” You’re just not sure, but you know it requires some exploration. Putting your head in the sand will only hold off the inevitable for so long.
When it comes to these questions, you need a different skill set from your current internal capabilities. Navigating through these waters is much different from your day-to-day accounting and finance processes. It might be time to think about a Transactional CTO.