You know how the experts say that the very first task of an incoming CEO is to identify his or her successor. Well, guess what: the very first action the founder of a newly-minted business should take, is to create their Exit Plan – actually two Exit Plans – one for a successful exit driven by themselves – another one for an exit forced upon them by adverse circumstance.

What is the main challenge keeping startups from sustainable growth? If you think of financing or market conditions, you're not entirely wrong. After all, the startup environment is filled with risk, from tech to product. But there's a bigger threat to young companies, one that is often overlooked until it's too late: people.

Professional services firms are very good at telling others how to navigate tricky situations. Whether they guide their clients through building their teams, growing their brands, developing their strategies, or financing for growth, outside professional advisors tend to be great at helping others see the forest for the trees.

Starting and growing a business takes intense emotional commitment, blood, sweat and years of hard work to achieve success and be in position to attract prospective suiters. It is no surprise that founders and owners find it hard to pull the trigger and often sub-optimize rather than fully maximize the impact if they do.

Considering the sale of a firm to which you may have dedicated a significant part of your working life is not something that should ever be taken lightly.

Social media marketing has become essential for business exposure and growth. In today’s environment, if you seek to create a thriving business, having a solid social media presence is vital.