Ready for Next helps business owners achieve a business transition on your terms. Additionally, we provide the right knowledge, resources, and insights from our blog to ensure a successful exit. As a result, business owners are empowered to plan and execute their exit strategy effectively.
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How do I manage unproductive family members who are in the business?
Blog first appeared in the University of San Francisco, School of Management, Gellert Family Business...
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Understanding the Difference Between Value and Price
In the realm of finance and business, the terms "value" and "price" are often used...
From Awareness to Action: Workplace Inclusivity Through Generational Differences
Creating an inclusive workplace is essential. Understanding generational differences plays a crucial role in achieving this goal. Each generation, from Baby Boomers to Gen Z, brings unique perspectives and communication styles that, when embraced, can enhance collaboration and inclusivity. Committing to communication methods, respecting diverse viewpoints, leveraging technology, fostering cross-generational teamwork, building trust and promoting continuous learning, organizations can cultivate a work environment where all employees feel valued and empowered.
Strengthening Local Economies
Community economic developers and chambers of commerce work together to support local prosperity through business services, advocacy plus access to critical information and resources. This collaboration strengthens businesses, promotes favorable policies and provides essential market insights, fostering sustainable economic growth. By leveraging their combined resources, they create vibrant, resilient communities where innovation and opportunities thrive.
The Strategic Imperative: Encouraging Business Owners to View Their Ventures Through Investor Eyes
This article highlights the pivotal role of advisors in guiding business owners’ ventures and encourages them to advocate for entrepreneurs to adopt an investor-centric perspective. By encouraging business owners to view their ventures through the eyes of outside investors, advisors facilitate objectivity, long-term value creation and the identification of strengths and weaknesses. Access to capital (if desired), strategic alignment and accountability are also benefits, ultimately positioning businesses for sustained growth and resilience. Ready for Next's “See Your Business Through the Eyes of an Investor” assessment tool is a practical step for owners to gain insights into their ventures' investor appeal, underscoring the advisor's role in helping an owner succeed.
Through the Lens of an Investor: Top 5 Reasons Every Business Owner Should Embrace the Perspective
The importance for business owners to occasionally adopt the perspective of an investor to gain valuable insights and opportunities for growth cannot be overstated. Here are five key reasons why this shift in perspective is beneficial, including enhanced objectivity, a focus on long-term value creation, identification of strengths and weaknesses, access to capital and resources, and strategic alignment and accountability. Learn more and take advantage of tools like Ready for Next's assessment to evaluate their businesses through an investor's lens, even if they're not currently seeking investment, as it can lead to enhanced enterprise value and long-term success.
Bridging the Gap: Securing the Future of Community Businesses
There is an urgent need for communities to address the impending retirement of baby boomer business owners, stressing the significant demographic shift and the lack of succession plans. There are risks posed by business closures and the importance of supporting business owners through initiatives like the Owner Readiness Hub, which provides tools and resources for succession planning and growth. By investing in these businesses, communities can safeguard their economic assets and cultural identity, fostering collaboration and proactive measures to ensure continued prosperity.
