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At Third Road Management, we have had the privilege of collaborating with many businesses and nonprofits spanning diverse industries, ownership structures, tenures and financial statuses. Through our journey, we have gathered insights that we believe can benefit business leaders beyond our current clientele. Today, we aim to shed light on the beneficial leveraging of some… Read More »Leveraging Some Right-Brained Thinking In a Left-Brained World to Turn Creative Gifts Into Profits

As simple as that sounds, in practice a lack of time, energy and focus can leave businesses in a rut of fresh ideas to keep the new sales coming in.

There are many great resources (books, videos, blogs, etc.) out there that might be of additional assistance to you on this topic, but for our purposes we are going to try to keep this short to the main points.

Essentially a business succession plan is a pre-mapped plan for how your business should continue operating in the event of your retirement, incapacitation or death. Here are three reasons why creating a business succession plan is important:

For the majority of business owners the focus is upon maximizing the valuation of the business to capture their long-term investment of time and money in the business they built to provide retirement security. But how does a business owner maximize the value of the business?

Hello Friends!  We frequently receive inquiries from aspiring entrepreneurs about the process that is involved with starting a small business, which can be daunting if you’ve never done it before or do not know the steps involved.  We’ve therefore decided to share with you all the steps that we know, and while not completely exhaustive… Read More »The Business Start-Up Primer You’ve Been Asking For

Today at lunch I realized that April 15, 2016 marks the 3-year anniversary of my resignation from a Wall Street institutional fixed income sales desk to join the staff of an 18-month old church.  Throughout the course of those 3 years, the most common question that I’ve been asked is “Do you miss it?”  In… Read More »The Top 5 Things That Businesses Can Learn From Non-Profits

Every business is in a unique position, so there is no way to develop a “one size fits all” description of what every business should do in these turbulent social and economic times; however, here’s a list of ideas that we think you can consider to help lead your organization through this crisis.