What will happen to your business when you die?
Do you have an exit plan for your business? Are you working to build equity or profit?
I’ve been thinking about these issues and wonder about how others see it.
This morning, I was reading some of the recent posts on Seth Godin’s blog. I’ve been busy with planning and studying and I have not been reading it every day, as I usually do. Recently, he wrote Questions for a new entrepreneur and it fit in with what I was already thinking about, and that sparked the idea to write my own post and ask a question of you.
For myself, I’m building a business doing something I believe in — promoting top quality businesses and the people who own them, and encouraging people to support their local economies — and I think I’ll work on this the rest of my life.
Yet, if someone offered to buy it (once I get it all set up), I would decline. It’s not for sale.
So, what happens when I die? Does the business die, too? Or, do I find someone who can continue on with it? That’s a lot more difficult question for a business that deals with intangibles than it is for a brick and mortar retail business, for example.
Do I incorporate the business so that I can separate ownership and management? Could that provide for both profits to the owners and a reasonable succession plan for keeping the business going after I’m gone?
Who can I find who shares the same passions and would be willing to learn how to run the business and manage it?
I came close to dying last year. I feel like I’m living on borrowed time and I have been given a second opportunity to do what I feel is important.
I’m feeling better, today, than I have in years, and that makes this a great time to consider this issue. Death is close enough to be an advisor, but distant enough not to be a threat.
If I had died last year, the answer was simple: cancel the accounts and let the business die with me.
But, I feel like my new direction is more important, so it doesn’t feel like letting it die with me is the best answer — assuming I can build what I see in my imagination.
I don’t have any answers, but I continue to ask the question: What will happen to the business I am building when I reach a point where I can no longer do the work?
In my case, I’m looking more for a succession plan than an exit plan.
What will happen with your business when you reach the same point? Do you have a plan? Does anyone else know what that plan is and how to carry it out?
I am living my dream!
Filed under: A Year From Now, Act On Your Dream, Dilbeck Marketing, Health, Murphy NC 28906, Musings, Site Build It
Good morning, Earthlings (and visitors to this quaint little planet)! It’s another gorgeous day in my little slice of paradise. This is why I moved to Murphy. It’s beautiful here.
Happy WoooooHooooo Wednesday! It’s just about an hour until you’re over the hump for the work week.
Lots to do today. To-do lists waiting to be decimated! Websites begging me to write new pages! And some people have the temerity to call this work!
If I were wealthy beyond the dreams of avarice, I would still do what I plan to do today. That’s how I know it’s the right thing for me.
Those of you who know me, know I’m not rich — in finances — but I’m wealthy beyond my dreams in terms of freedom, doing what I love, living where I love, having lots of great friends all around the world, and being part of a loving family.
After staring Death in the face just over a year ago, I have a new appreciation for life and living and enjoying the adventure — including the uncertainty, the high points, the low points, and the unexpected joys over the next hill and around the next curve in my path. I will never — ever — take another day for granted and just go through the motions.
I am grateful beyond my ability to express it that I am steadily recovering, that the neuropathy is fading in my fingers and I can once again type rapidly and accurately, that my thinking is getting clearer and faster, that my memory is working better, and that I have new plans I’m working to rebuild my business, earn my own way, and get off of disability. A year from now, if not sooner, I’ll be standing on my own two feet and making my own way in this beautiful world, once again.
And, when it happens and I’m earning a good living, again, I will never again gripe about writing the check to pay my taxes. (I will fuss and fume about the difficulty of filling out all those dang forms, but I won’t gripe about paying my fair share.)
Without Medicaid, I would be dead now. I’d love to earn enough to be able to pay back to the government all that I received in medical care, medicine, and food stamps. I’m not sure, but it’s about a half-million dollars. Paying that back is one of my top goals. I intend to do all I can to make it happen.
Make no mistake about it. Cancer and chemotherapy are difficult to endure, but it was worth everything I went through to make it out the other side and enjoy watching the sun rise through the trees on a morning like this. The ordeal was made much easier by the support and love I received from so many people.
If you’re going through a difficult time, hang in there. Don’t give up. Life is worth the struggle. Smile through the pain and laugh for the sheer joy of being alive. Fight with everything you can to overcome.
And, knowing that all of us eventually lose to the Grim Reaper, make your last day memorable by looking him right in the eye socket and laughing so loud that it’ll push the hood right off his skull as he drags you away from us!
In a couple of minutes, I’m going to get another cup of coffee and go to work. I can’t pay that money back if I don’t work to earn it, first.
I have a marketing business to rebuild and expand. There is so much to do and I intend to enjoy every single step of the process. This is going to be a fantabulous journey.
I am very happy that I ran across Dr. Ken Evoy back at the end of the 20th Century and learned how to build websites that sell. It changed my life — for the better. And not just mine, thousands of us are happy we found him. You can see that nearly 40,000 of us like Sitesell’s Facebook page, and I’ll be spending the rest of the day using the tools in SBI to work on my online marketing business.
(I still can’t believe that Sitesell provides all the tools I need and all the training and support to help me build my online business for only $30 a month, or just $300 per year. I spend more than that on coffee. And you know that $30? It’s not an expense, it’s an investment. I earn a profit every month, and now that I’m recovering from the last two years, I intend to earn a much larger profit from my work. Some days I have to pinch myself to believe I’m not dreaming. I’m acting on my dream — I’m living my dream.)
(But, don’t mind me. I’m just a geezer working at home and being grateful for my good fortune. After the last couple of years, I take time to think about all the people and things for which I’m grateful — every single morning and evening. Today, it just spilled out from my mind, through my fingers, and onto this page.)
All my friends who use SBI to build their online businesses know what I’m talking about. Don’t you? I’m grateful that Ken believes in helping as many people as he can and that he works so hard leading the team that continues to add new tools we can use to improve the quality of our businesses — without raising the price. Some days, I really do feel like I’m dreaming. It’s a wonderful thing to know you’re awake, loving life, and acting on your dream — all at the same time!
Here’s a link to Sitesell’s Facebook page so you can see for yourself, if you’re interested.
Thanks, Ken!
Now let’s go play Build My Business.
I love my life. I sure hope that you love yours!
It’s a wonderful day — Let’s go enjoy it!
Act on your dream!
SBI helps people build their own businesses without boundaries
Filed under: Act On Your Dream, Business, Promote Your Business, Site Build It
One of the things I love about owning an online marketing business is that I can work from the comfort of my home in the mountains of western North Carolina and can enjoy the beauty of nature that surrounds me. I’m located 100 miles from the nearest city and a dozen miles from the nearest town.
The Great Smoky Mountains National Park is about an hour’s drive away, and I’m surrounded by thousands of acres of the Nantahala National Forest. It’s a beautiful, peaceful place to live and I never want to move back to a big city.
I love my little slice of paradise.
I know someone who lives on an island in the pacific northwest who loves living in her small town, too. She is a professional writer and editor and she helps people from all around the world polish their books and other documents. She, too, works in the comfort of her own home. Her name is Audrey and here’s a little glimpse into her life:
We are just two of the tens of thousands of people around the world who are building our own businesses with the help of SBI and all the tools, training, and support that is included.
Want to read more? Here are some case studies of some of SBI’s customers and their stories.
Most of SBI’s customers are people with a dream of earning extra income or of replacing a full-time job, so they can live and work where it pleases them. Many are succeeding.
Congratulations, Audrey. Your hard work is paying off.
Act on your dream!
JD
Do you want to start an online business?
Filed under: Business, Musings, Personal, Site Build It, Success and Failure
I haven’t been posting to this blog nearly as much as I would like, and you may already know the reason. If you don’t, the short story is that I’m battling cancer and lots of days I don’t feel like doing much of anything. However, the good news is that I’m stronger than I was for the last six months and I believe I’m making progress every day. Hopefully, in the near future, I’ll be able to resume blogging on a regular basis.
I was thinking about the topic of having an online business earlier this morning.
For the last year, I haven’t really been able to do much work, but I continue to get enough income through past efforts to keep my various websites and communities moving along while I concentrate mostly on kicking this cancer’s butt. It really is true that I earn money in my sleep and on days when all I feel like doing is sitting on the porch and listening to the birds and watching the wind rustle the leaves on all the trees that surround my home.
Over the last ten years, I’ve earned a living through my marketing business, even though there have been lots of ups and downs.
It allowed me to work from home and care for my elderly mother for about seven years, and it has kept me afloat for the last couple of years as my health problems took over the majority of my attention.
On Thursday, July 1, I’ll turn 58 years old and I always contemplate what I want to do differently during the next year of my life as my birthday approaches.
Interestingly enough, I find that there isn’t much I want to change other than getting healthy, again. As soon as I’m strong enough and able to think straight, again, I want to resume my marketing business, doing pretty much what I’ve done for the last decade.
That’s pretty remarkable for me. I rarely go that long without becoming disinterested in what I’ve been doing and wanting to try something new.
I love living here in the mountains and working from home. I love it that hundreds of people view my websites every day and enough of them purchase from my recommendations that I still generate some income, even when I’m unable to work.
Now, don’t get me wrong, I’m not generating a lot of income and the last few months I’ve been mostly breaking even, but that still keeps all my websites alive and prevents the loss of all the hard work I put in the last few years.
If I were able to really work on the sites as I did a few years ago, my income would be rising every month and I look forward to doing that again within the next year or so.
If I had been working on a job the last few years and got this sick, I think I would be quite a bit worse off than I am now.
I love being self-employed and I love earning revenue for work I did months or years ago.
What about you?
If something unexpected happened in your life, would you have anything helping you economically? Even if things are going great (and I hope they continue that way!), do you ever wonder what it would be like to work from home and do something you love every day?
I know hundreds of people who are doing just that. Most of them are doing a few similar things in terms of promoting their businesses, but almost all of them are doing something that is interesting to each of them. In other words, they’re not a bunch of lemmings trying to follow the herd and eek out a few dollars here and there. They’ve identified something about which they’re very interested, even passionate, and they’re working to build an online business around that topic (or those topics).
Some are approaching their online business from one direction and others are coming from a different direction, but they all share some common traits: intelligence, a vision of where they want to go, a plan on how to get there, motivation to accomplish what is important to them, the willingness to study and learn what they need to know, and an unflagging belief that they will succeed in reaching their goal, eventually.
That belief is very important.
Life almost never goes in straight lines. We have a series of highs and lows and often have to retrace our steps to find a new path to take us where we want to go when we encounter the detours that life throws at us.
Many years ago, Napoleon Hill, author of Think and Grow Rich said, “Whatever the mind can conceive and believe, it can achieve.”
That has been my motto for almost 40 years, since I first read that book in my late teens.
I’ve proven to myself over and over that I can achieve what I want as long as I can clearly see it in my imagination, can develop a plan to achieve it, and then take action to accomplish each step in that plan.
In fact, I’m dealing with my cancer in the same way. I intend to kick this cancer’s butt and regain my health within the next year. I intend to resume working in my marketing business and doing the things I love.
What do you want to accomplish during the next year of your life?
Another of my mottoes is, “A year from now, I will be better than I am today.”
Sometimes I don’t achieve that goal, but, so far, I’ve always bounced back when life knocks me down a peg or two.
You can do the same thing.
I hear many of my friends and people with whom I come into contact say that they want their own business so they don’t have to commute to work and be subject to someone else’s dictates.
Yet, over and over, year in and year out, relatively few of them ever take the steps to achieve that goal. They don’t analyze what they want to do or make a plan on how to get there. They don’t identify the milestones and take the steps every day to reach those goals.
The next year, they are no closer to their goal than they were the last.
Does that describe you?
What steps have you taken in the last year to get you closer to what you want out of life?
Have you done all that you could to get there?
Why not?
What is stopping you from making your dream a reality?
Is it lack of money? That’s just an excuse. Lots of people with no money have worked hard and made their dreams real.
Is it lack of knowledge? That’s also an excuse. The entire world’s knowledge is available to you through your computer.
The same is true for just about any excuse you can throw up to explain why you are no closer to your goal than you were a year ago.
Do you really want to do what you think you do?
It’s a hard question to face. Perhaps you’re more interested in the fantasy than the reality.
Maybe you think that owning your own business and working from home is like living in paradise.
Sometimes it is. Sometimes it isn’t.
When you own your own business, you, alone, are responsible for everything that gets done and everything that doesn’t. The hours can be longer than working a job, especially in the first few years of starting it. The pay can be less than working a job, but sometimes the lack of commuting, buying business clothing, eating lunch in a restaurant, and all the other expenses related to working for someone else can be reduced when you work at home so the resulting net loss may not be as much as you might think.
I’ve worked many long hours planning and building my online business and I’ve had successes and failures along the way.
Most of my income came through affiliate marketing and that was drastically reduced when North Carolina’s legislature passed new tax laws and some of the major businesses with which I was affiliated canceled my relationship to them. For example, for years I received income from Amazon.com for recommending products that I knew to be useful and a good value. When people would click on the link to the product and purchase it, I would earn a small commission.
When the tax law was passed, Amazon and others canceled these affiliate relations with me (and all their other affiliates in NC) and *poof* there went one of my major sources of income.
Did I quit?
No.
Did I wallow in self-pity?
Yes, I did, but only for a few days.
Then I turned my attention to developing a new plan for earning an income and it was working well until I became too sick to continue with it. But, I haven’t thrown out this plan, it’s still in place and I’ll pick it back up as soon as I can.
That’s one of the major reasons that I need to keep my existing websites online until the day I can resume marketing them.
I know people who are blind or deaf or handicapped in other ways who are still able to build a business and work at home. Some are making ends meet, others are supplementing their other incomes, and a few are doing very well and earning more than they ever earned working for someone else.
On the other hand, some people I know learned that being self-employed really wasn’t what they wanted to do. They found that they liked working at a job, despite some of the things they didn’t like about it. This helped them to understand what they really wanted from their lives and now they don’t waste as much time daydreaming about the “grass is greener” aspects of being self-employed.
Before I ramble on much longer, I want to come to the point of all this.
Having your own online business may be a very good thing for you, or it may be a disaster in the making. It all depends upon you. Can you identify what you want to do? Can you develop a plan to achieve it? Can you learn all the technical things you need to know to make it work? Can you avoid the distractions that abound when you look for ways to make money online? Are you self-directed and motivated to achieve something, even if the rewards may follow only after two or three years of hard work?
Can you work to build something for the future, or do you want your rewards right now?
It all depends upon you, and I can’t offer you any advice if you really don’t want to do what’s necessary to build your business. I don’t know any shortcuts that work, and the whole idea that it’s easy to make a fortune on the Internet is just a big lie some people tell you to get your money.
Ten years ago, I didn’t know who to listen to and who to avoid. I didn’t know what advice was sound and what was just thrown out there to separate me from my hard-earned money. I didn’t know who genuinely cared whether I did well and how to tell them apart from the sharks that are always circling the online marketing newbie.
So, I tested the teachings of lots of people. I spent money and time learning their techniques and following their advice. Most of those experiments were big fat flops. Only a few really proved to be worthwhile and one stood out head and shoulders above all the rest.
You’ve heard me say this many times before, but I’m going to say it again, Ken Evoy, founder of Sitesell, is the real deal. He cares for his customers and works very hard to help each of us build our individual businesses online.
He wrote best selling ebooks to help us build our online businesses and now he gives them away for free. For example, here’s where you can get a free copy of his best-selling ebook, Make Your Site Sell!
(If you collect ebooks and never read them or put into practice what you learn, then don’t bother downloading Make Your Site Sell!, because having it on your harddrive and not doing anything with it is a waste of your time.)
For the last few years, he’s concentrated on making Site Build It! the best system for building online businesses and tens of thousands of real people are following his guidelines and most of them are building successful businesses in niches they love.
Does everyone succeed with SBI? No. I don’t believe everyone succeeds using any set of tools, but more people do well when they follow his advice than they do following anyone else I know and I’ve been researching this topic for over ten years.
Of course, I don’t know everything, so there may be others out there, too, but I don’t know who they are.
So, as my next birthday quickly approaches, I’m happy to see that I don’t intend to do much differently in my business other than dropping a number of experiments that did not succeed (and which were not recommended by Ken Evoy, by the way).
I’m going to concentrate more on my SBI sites and much less on the others, including my blogs, like this one.
What am I going to do for my birthday?
I’m going to stay home and celebrate it in peace and quiet, and then the next day, I’m going 100 miles to have a liver biopsy and radio frequency ablation performed on the spot in my liver that may be a result of my colon cancer, and may not be.
I’m taking the next step in the process to regain my health, and that’s at the top of my to-do list this year. I intend to get healthier and stronger so I can continue to work from home.
What am I going to do for YOU for my birthday?
I’m going to tell you how you can download Ken’s ebooks for free (you don’t even have to give your email address). Yes, those books are a few years old, but the information and advice in them is still valuable.
Even better, I’m going to give you access to the SBI Action Guide.
This is the same guide we follow when we subscribe to SBI 2.0, and you can learn the same things we do. However, unless you subscribe to SBI 2.0, you don’t get all the tools, support, articles, tips, and help from the members-only forum.
You do get a step-by-step guide in what to do to identify your niche, compare it to others, choose the one that’s right for you, and information on how to research and build your business.
You don’t get access to the keyword brainstorming tool, the keyword database functions, nor the sitebuilding tools.
For one or two percent of the people reading this, the information you’ll get from reading the Action Guide and watching the video version of it will be enough for you to use any tools you want to build a successful business.
For a few more percent, you’ll be able to adapt what you learn and use something like WordPress to build a site. Before you invest the time and effort in doing this, have you read Sitesell’s page comparing blogging versus building a hierarchically-organized website?
The rest of you would be better off, deciding if this is something you really want to do, and if it is, then purchase an annual subscription to SBI and give yourself one year to start building the online business you dream of owning. Work on it some every day and you may be amazed at what you can accomplish in as little as a year from now.
Is it free?
Of course not.
Is it affordable?
Absolutely. An annual subscription to SBI costs $300 and that’s less than a dollar a day. Most of you waste more than that and don’t get any nearer your dream.
Is it the only way to succeed.
Of course, it is not.
Is it the way for you?
I don’t know. You’ll have to decide that for yourself.
I know that I’m a satisfied customer and host two sites using SBI. In a few minutes, after I publish this post, I’m going to renew my annual subscription to Murphy Gold so it will be ready for me to continue promoting select small businesses in Murphy, NC, a place I love living, as soon as I’m strong enough to do it.
I started Murphy Gold last year on my birthday after identifying a new direction I wanted to take following being canceled as an affiliate for Amazon and others.
If this cancer hadn’t interfered, I be much further along with the site, but I’ll get back to it as soon as we finish kicking this cancer’s butt to the curb.
It was my birthday gift to myself last year and will be my birthday gift to myself, again, this year.
As I said before, my birthday gift to you is access to the SBI Action Guide.
If you really want to do it yourself, and not make use of the tools that SBI offers, at least give yourself the advantage of the free Sitesell ebook downloads. Learn what you need to do, before you go searching for the tools to do it yourself.
I know I’d like to have back all those months I wasted trying other ways to build successful websites. My SBI sites may not be the prettiest, nor the flashiest, nor have the latest three-column designs, but they work. They attract thousands of visitors and they are easy to navigate. The only thing they lack is all the extra pages I have in my head and don’t have the energy to create right now, but that will be coming in the next few months as I continue to get stronger.
Now, it’s up to you.
Do you want to start an online business?






