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Considering your business exit strategy

Considering Your Business’ Exit Strategy Over time you have nurtured your business like a parent nurtures a baby. It is your life’s work and may even be your identity. How do you sell it and get others to see its value? This is a tough transition and sometimes a rude realization. Preparing to sell a business is a long term proposition. It can take up to three years. The
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success 1

Getting to success

GETTING TO SUCCESS Over the years we have written about all of the below in one way or another: the importance of using tools in getting to a successful business and knocking it out of the park! It doesn’t matter what business you are in, most, if not all of the following are best stepping stones to that goal for success. Keep these points front of mind! Truly listen
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money

Salary versus Dividends

Salary versus Dividends: How should you pay yourself? We, at Associated Senior Executive, often have clients ask whether they should take their wages as a salary or dividends. As a business owner of an incorporated business, you can derive your income from either salary or dividends or from both. What are the differences between dividend or salary income and what is best for you? This is a simplified newsletter
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Light at end of tunnel

What will be the new reality?

‘WHAT WILL BE THE NEW REALITY?’ In this Covid -19 environment we are sure we have all have talked about what will be the ‘new normal’ [over Zoom no doubt]. No one of us can predict or assume what the new reality will be but, for certain, there will be a new reality. For business owners, how did you fare? Was your business at all open? If yes, how
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perseverence

Looking forward after Covid19 – New strategy?

Looking Forward After Covid-19  (ASE NEWSLETTER MAY 2020) A New Business Strategy? Associated Senior Executives has a range of clientele from the sole entrepreneur to business owners and many with numerous employees. Although this material may be more for businesses with a number of employees, these same issues can be applied to big and small businesses in developing a solid business plan looking forward post-Covid19. We understand this is situational. Some
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corona

‘SCARY TIMES’…

In the fall of 2001, just after 9/11, I attended a workshop with Dan Sullivan, founder of Strategic Coach, an exclusive program for entrepreneurs. We were still rattled by the recent events of the Twin Towers and fearful of our future. Some students there witnessed that day in New York City. Listening to their stories of fear and chaos was gripping and remain clear in my memory. That workshop
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walking on the edge

COVID-19: How to Cope Through These Tough Times?

COVID-19: How to Cope Through These Tough Times? …Indeed these are rough times for businesses. It is distressing to see this climate of uncertainty. It is distressing to see this climate of uncertainty. In these unprecedented times it is essential that we take care of our health and that of our family. Only then can you have an opportunity to look after your team and your business. You have
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Value of seeking experienced mentors

Small Business and the 21st Century ……. business Face to Face Value of seeking experienced mentors There is an incredible paradox about the small business environment looking into 2020. In the past 20 years or so, much of the personal contact a business owner had with customers, suppliers or other businesses, has moved from ‘face to face’ to some form or other of ‘wireless communication’. It is efficient and transaction-oriented and
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