March 10, 2016 9:40:23 pm

Michelangelo’s Sculpture Company

By Rick Doty

Rick Doty, CPA, MBA Anton Collins Mitchell — Rick Doty, CPA, MBA
Anton Collins Mitchell

When the artist Michelangelo died in 1564, he was arguably considered to be the greatest artist of all time. His business flourished during his lifetime. Unfortunately, his death sounded the end of a great enterprise. Upon his passing he left only the tools of his trade; a paintbrush, chisel and hammer.

Many business owners have created their own “Michelangelo’s Sculpture Company.” Through hard work, businesses usually grow as a result of the owner’s efforts. Often, little attention is paid to building an underlying infrastructure that transitions management responsibilities to others.

How dispatchable resources enable the clean energy transition

Platte River must prepare for the retirement of 431 megawatts (MW) of dispatchable, coal-fired generation by the end of the decade and address more frequent extreme weather events that can bring dark calms (periods when there is no sun or wind).

Investors want to acquire a business enterprise that can continue to thrive after the seller leaves. If business operations are disrupted due to the owner’s departure, the value of the business is severely diminished.

Efforts should be undertaken to build systems and procedures that insure the continuation of operations when the owner departs. Don’t wait. Start this process today before it’s too late.

Don’t build Michelangelo’s Sculpture Company!