This Independence Day, I’m thinking about a different kind of freedom—freedom from a business that depends too much on its owner. I’ve got a client who’s built a highly successful operation over the last 20+ years: $30M in revenue, 50+ employees, respected in their industry. But here’s the problem—they’re exhausted. They want to exit in…
When I was younger, my dad would say: “To thine own self be true, and it must follow, as the night the day, thou canst not then be false to any man.” At the time, I didn’t realize he was quoting Shakespeare. I just thought he was telling me to be honest. But now, decades…
Are you halfway to your goals—or halfway behind? Here’s a simple way to get back on track. At the start of the year, Dana—a sharp CEO of a growing professional services firm—set clear goals: shorter cycle times, fewer errors, and a leaner, more profitable model. But by June, things felt off. Her team was talented,…
Your business is your legacy—here’s how to ensure it thrives in capable hands. Mike ran a successful commercial HVAC company in the Southeast. After 35 years of building the business from the ground up, he assumed his son and daughter—both talented and interested—could simply “take it from here.” So he handed over the keys. No…
Sixteen years ago, I was a 54-year-old banker, laid off in the middle of the Great Recession. Like many business owners I’ve worked with since, I faced uncertainty. But out of that challenge came an opportunity—a second career that turned confusion into clarity, both for me and for the hundreds of business owners I’ve had…
True love isn’t about holding on too tightly—it’s about preparing for the day you step away. Whether you plan to sell, transition to family, or hand the reins to a capable team, a business that runs smoothly without you is more valuable and more likely to thrive. Yet, many business owners put off exit planning…
As a business owner, you’ve likely poured years of hard work, passion, and determination into building your company. But have you given thought to life beyond your business? Whether you envision more time with family, traveling, or pursuing new ventures, defining your legacy starts with a clear exit plan. If you’ve done little to no…
In this episode of ProfitSense, host Bill McDermott interviews Yuquan Holloway from Holloway Consulting Group and Lee Heisman from Exit Stage Left Advisors. Yuquan shares her journey from corporate America to becoming an “accidental entrepreneur,” providing insights into how she helps large corporations solve complex challenges through project management and training. Lee discusses his path from…
Let’s be honest. Building a business is not for the faint-hearted. It’s like wrestling a bear every day, and just when you think you’ve got it pinned, the bear doubles in size. The daily grind leaves you juggling numbers, nurturing growth, managing a team, and—oh, let’s not forget—turning a profit. It’s a hero’s journey, and…
Exit planning. Sounds like the kind of thing you only need if you’re plotting a daring escape from a spy movie, right? For many business owners, the idea of stepping away from their company seems far off, a challenge for “someday.” But here’s the reality: exit planning is the strategic roadmap for how you’ll leave…
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