Have you ever thought about starting your own business? You are not alone. Lots of people have, but never did. The most common excuses are that it is too hard or they don't have the skills and those are valid points if you have to go it alone. How about joining with others to share the responsibilities of ownership? We call that a worker cooperative.
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Posted on September 17, 2019 at 12:00pm
You spent a lifetime building a business. How do you exit when it depends almost completely on your presence? You create an exit plan. Most small business owners don't know how and don't have time to learn, so they don't do it. Hire an exit planner.
There are basically three kinds of business owners. Which one are you? Check my latest blog post to find out: https://posts.gle/3mGHA
Posted on September 11, 2019 at 10:23am
You may know that Stop & Shop recently bought all the King Kullen stores. One has already been closed and two others will close soon. This means that residents of Mount Sinai, Lake Ronkonkoma and North Babylon have to find alternatives for their grocery shopping needs.
For me, the obvious solution is to start member owned and controlled food co-ops to replace them. The purpose is to provide groceries to members the way they want, not to make a profit for investors.
Posted on August 19, 2019 at 12:39pm — 1 Comment
Many business owners regret selling their business within the first year. Why? Because they failed to plan for their exit. Almost no business owners have a formal eit plan so they end up with limited options. Most think they will sell to a third-party and many actually are able to, but regret it when they realize how the new owner changes it.
A proper exit plan begins with setting goals for the business owner, spouse, children and other stake holders. These goals are the foundation…Continue
Posted on August 5, 2019 at 12:00pm