What's Your Number? A Business Value Conversation

By Arlin Sorensen, O and Founder of the Heartland Companies which includes HTG Peer Groups

In the April HTGWAY, I talked about two legacies that we’ll leave as business owners – a personal legacy and a business legacy.  Both are critical and obviously related.  But let’s focus on the reality of how most of us view our business in regard to provide a legacy – it is a major (if not the major) source of funding four our retirement and future.  It’s that simple for most, if we miss in creating enough value in our company we will fall short in having enough dollars to fund our lifestyle in retirement the way we wish it to be.

In order to be sure you generate enough for the future, you need to answer some very important questions.  If there are multiple partners or principals in the business, obviously the answers have to include everyone...