Do you ever feel like a hamster frantically running around a cage? You're doing all kinds of tasks from sunup to sundown, but at the end of the day, you feel like you’ve made absolutely zero progress. Are you Bill Murray living in Groundhog Day? Is it a new day, but the same old problems? If this sounds like your daily reality, this article is for you. While it may sound counterintuitive, I’ve found that the best way to speed up in life is to first slow down.

Being a business owner is an intense and unique experience, filled with both triumphs and challenges. As you consider exiting your business, it’s crucial to address the emotional side of this transition. Discover strategies for managing your feelings, envisioning your future, and finding support during this significant life change.

As a Baby Boomer business owner, you suddenly find yourself facing decisions that once seemed impossibly far down the road. You probably never sat down and proactively planned your own exit from the company you worked so hard to create. Too many baby boomer business owners are losing out on millions in potential exit proceeds from being well prepared to sell.

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…

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.

Perhaps our biggest takeaway is a shift from Boomer owners who often have a singular passion for their business to Gen X, Millennials, and Gen Z who often see their business as one of many life passions.

What could this generational shift in private business ownership mean for your business?

Many of the brightest visionaries and business owners I know have gotten to where they are on pure grit, intuition, and hard work. However, the time comes when they are ready to reach even higher heights, and leveraging data into information can supercharge the journey. 

Shifting from collecting under explored data to arming you and your business with this predictive information empowers you to tweak your business operations in real-time rather than waiting for next month to see your financial results or worse yet never doing this analysis in the first place.

You’ve accomplished everything you set out to do; probably more. Now you’re ready to exit the business you’ve built from the ground up,

After reviewing your options, you’ve determined the best decision is to run a formal sale process to fetch the best offer for your company. Under this scenario, for a variety of reasons more than ever before, your most likely buyer will be a “financial buyer”. Let me tell you who this buyer is, and what they are looking for in your business.

Running a business is a wholly immersive experience, where each and every day presents new challenges and obstacles to overcome. As a business owner, you often develop tunnel vision, focusing solely on internal operations. But at certain moments you may be forced to reckon with external factors, like presidential elections.

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.

You know the days where you’re constantly spinning your wheels? By the end of the day nothing is solved, but you’re exhausted. Your “issues” pile keeps growing as problems are coming in faster than you can find solutions. The brute force method worked when you started your business. But two things have happened. Your business has grown and you’ve gotten older. You cannot keep up the pace anymore. And you’ve earned the right to slow down and enjoy what you’ve built.

The answer is simple, and even a little boring – Systems.

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.

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?

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.

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.

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.

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.

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.

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?

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.