The key to this transformation lies in setting yourself apart through innovation and the development of intellectual property (IP). 

Many people consider recurring revenue to be exclusive to software companies, but traditional businesses can also reap the benefits of creating recurring income streams.

While it can be tempting to continue to grow your business forever – particularly when things are going well – that decision comes with a significant downside. 

Using equity as a form of currency dilutes your position and may not be necessary with a pinch of creativity.

Just because you have a knack for starting companies, doesn’t necessarily mean that those skills translate well into growing one.

Is it better to own a big chunk of a small business or a minority stake in a big company? 

Take a look at what a founder does to stay sharp, and you’ll see a consistent pattern among the most successful entrepreneurs you know.

When it comes to getting out, a business independent of its owner is worth a lot more than an owner-dependent company. 

To get your company to flourish when you’re not around, you need owner-like effort from your team. Inspiring owner-like effort comes from cultivating a vibrant culture inside your business.