Addressing the Value Gap – Living Expenses
MPN Incorporated | Awake at 2 o'clock?
by John F. Dini
2w ago
The Value Gap is one of the most used phrases in exit planning. Simply stated, it’s the difference between what a business owner would realize if he or she sold the company today, and what they need to embark on … Continue reading → The post Addressing the Value Gap – Living Expenses appeared first on Awake at 2 o'clock ..read more
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Owners are a Minority
MPN Incorporated | Awake at 2 o'clock?
by John F. Dini
1M ago
When it comes to careers, business owners are a minority of the population. In conversations this week, I mentioned the statistics several times, and each owner I was discussing it with was surprised that they had so few peers. According … Continue reading → The post Owners are a Minority appeared first on Awake at 2 o'clock ..read more
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Purpose After the Sale
MPN Incorporated | Awake at 2 o'clock?
by John F. Dini
3M ago
Purpose after the sale is one of the biggest challenges for an exiting owner. Purpose – “Having as one’s intention or objective.” Many exit planning advisors discuss the three legs of the exit planning stool – business readiness, financial readiness … Continue reading → The post Purpose After the Sale appeared first on Awake at 2 o'clock ..read more
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Personal Vision – Life After the Sale Part 2
MPN Incorporated | Awake at 2 o'clock?
by John F. Dini
3M ago
In our last article about life after the sale we discussed identity. Even when business owners are comfortable with who they are, however, there is still the nuts and bolts issue of activity. A business owner spends 20, 30, or … Continue reading → The post Personal Vision – Life After the Sale Part 2 appeared first on Awake at 2 o'clock ..read more
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Personal Vision – Life After the Sale Part I
MPN Incorporated | Awake at 2 o'clock?
by John F. Dini
4M ago
Life after the sale is often both the most important and most neglected factor in exit planning. Although (according to two different surveys in 2013 and 2022,) 75% of owners report regrets or unhappiness a year after the transition, exit … Continue reading → The post Personal Vision – Life After the Sale Part I appeared first on Awake at 2 o'clock ..read more
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The GAAP Traps
MPN Incorporated | Awake at 2 o'clock?
by John F. Dini
5M ago
GAAP traps often occur when a business owner sells a company to a third party. The transaction is commonly memorialized by a Purchase Agreement. That agreement contains certain representations (or “reps”) and warranties. The post The GAAP Traps appeared first on Awake at 2 o'clock ..read more
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The Exit Planning Coach Handbook is Out!
MPN Incorporated | Awake at 2 o'clock?
by John F. Dini
5M ago
So excited to announce The Exit Planning Coach Handbook. This represents the assembling of experience in over 12,000 hours of coaching business owners. It was written for advisors but would be useful for anyone who sells to or works with … Continue reading → The post The Exit Planning Coach Handbook is Out! appeared first on Awake at 2 o'clock ..read more
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Exit Strategy – Harvest or Grow?
MPN Incorporated | Awake at 2 o'clock?
by John F. Dini
5M ago
In every internal transfer, whether to family or employees, the owner/seller has to make the harvest or grow decision. We’ll presume that your business has already reached a point where its value meets or exceeds your financial objectives as the … Continue reading → The post Exit Strategy – Harvest or Grow? appeared first on Awake at 2 o'clock ..read more
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Entreprenuers Don’t Use Rearview Mirrors
MPN Incorporated | Awake at 2 o'clock?
by John F. Dini
5M ago
Entrepreneurs don’t use rearview mirrors. All business owners are goal oriented. From the day you founded or assumed control of your company, you set targets and achieved them. The post Entreprenuers Don’t Use Rearview Mirrors appeared first on Awake at 2 o'clock ..read more
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Celebrating Mr. Fezziwig
MPN Incorporated | Awake at 2 o'clock?
by John F. Dini
5M ago
Since 2013 I’ve updated this piece about the underappreciated and forgotten boss of A Christmas Carol, Mr. Fezziwig. I hope that you enjoy it. The post Celebrating Mr. Fezziwig appeared first on Awake at 2 o'clock ..read more
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