Achieving my BMD of Sept. 21, 2013: a Q & A

What is a BMD?

My wife and have always been big on ceremony, on ways of marking significant events in our lives. Birthdays, anniversaries, and graduations, certainly. Add to that “Nazarite” vows, a vasectomy, and rites-of-passage for our daughters.

So, when I learned about something called a  BMD—a Business Maturity Date—I was intrigued.

It is truly a rite of passage. While it is a date any business owner can pick, typically three to five years out, it marks a time the business will be creating both money AND time for the owner. Think of it as a graduation from business “high school.” Is the business fully mature? Certainly not: if you meet a fully “grown-up” business owner, please introduce me!

Is there more the business can become?

Absolutely.  Like our 18 year-old high school graduates, our businesses can stand on their own (sort of), but they are also prone to moving violations, calls home to mom and dad for money and the like.

How did you  choose your BMD?

(more…)

Achieving my BMD of Sept. 21, 2013: a Q & A is available on American Business Advisors of Denver

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