How Effectively Have You Planned to Transition from Your Business?

The Exit Planning lnstitute's Northeast Ohio Chapter partnered with Grant Thornton, PNC Bank, and the Ohio Employee Ownership Center at Kent State University in 2013* to conduct a survey of business owners. The goal of the survey was to ask business owners a set of questions around a broader and larger issue: how effectively [...]


Six Power Ratios to Start Tracking Now

  Doctors in the developing world measure their progress not by the aggregate number of children who die in childbirth, but by the infant mortality rate – a ratio of the number of births to deaths. Similarly, baseball’s leadoff batters measure their “on-base percentage” – the number of times they get on base – as a [...]


One Overlooked Metric That Could Transform Your Company’s Value

You know gross margin impacts your profit, but have you considered the impact it has on the value of your company? When assessing your company’s value, acquirers and investors will often scrutinize your gross profit margin. Gross profit margin is the difference between a company’s revenue and its cost of goods sold. In other [...]


The 2 Best Ways to Make Your Company Special

Specializing in one product or service allows you to focus on delivering that thing better than everyone else. It enables you to hire (or train) specialists in your field, improving the quality of your work, which leads to happier customers. And satisfied customers buy again and refer their friends. That’s why specialists often grow faster [...]

Are you prepared for your ideal future?

You have toiled for years, or even decades, with plans of hitting the golf course several times per week, traveling the world or moving to a different climate to enjoy your retirement. You may imagine a future spent sleeping in, reading books, catching up on your favorite television show and cooking delicious meals with your [...]

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