Why Did You Start?

Why?             Did you start this business

Did you only want to make a living until you retired? If so, what were you going to live on during retirement? How much do you have set aside for that retirement so far, separate from your business?

If you started this business in order to provide for your living expenses through retirement, how much will it take for you to enjoy that retirement? What is that enjoyment going to cost in today’s dollars? What are you doing now to insure that your business can be sold for that amount? Do you know what a prospective buyer will need to see demonstrated in your business? Do you know what the financier will want to see when the time comes?

Was your vision to leave behind a legacy that was bigger than yourself? Did you establish the proper balance and boundaries when your children were small to insure the children don’t hate their parents first love: the business? Have you taken steps to convey not just the finances and operational knowledge but the vision and passion?

Stephen Covey’s second habit is “Begin with the end in mind.” Did you? If not you can start that process now. Better late than never.

Jim Peters
Peterspective
(317) 372-2304

The instant a private thought is communicated to another in any form, compromises begin to be made in the confidentiality, integrity and availability of the information shared. Yet the appropriate sharing of information is critical to the operation and success of every organization. The purpose of our relationship will be for me to assist with the safeguarding of the information critical to the continuation of your business. My role in our relationship will be similar to that of the sailor in the crow’s nest. I am not there to steer the ship nor am I there to read the compass or do soundings. I am there to keep a watch out for storms or pirates on the horizon and to keep an eye on the distant shore.

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