Most business owners have unrealistically high expectations when it comes to selling their businesses. When asked about their business value, they have a vague idea instead of a tangible number. Owners of small companies often do not even know the ballpark amount needed to fund their retirement after exiting the business or the steps that could …
Selling your business is definitely a time for celebration, but what about your employees? How will you safeguard their rights and interests once the business changes hands? Do you have a plan? What can you do to ease their worries?
To catch great opportunities to sell your business, prepare it for sale and sail through the due diligence process with the help of exit planning advisors.
For some founders, selling their company for the best price is the goal from the start; others cannot imagine selling their companies. Exit planning might sound simple, yet it needs careful consideration because this kind of sale can look different at different times. Selling a business does wonders at the right time when the owner makes the most of the opportunity. What Is …
Not all business owners think about exit planning. Their exit is a future event that they rarely discuss or address when the time is right. However, their exit is inevitable, and they need to plan for that exit. Failing to plan their business exit is planning to fail. When starting an exit plan, business owners …
Exit Planning: Answering Your Commonly Asked Questions Read More »
Business legacy means more than that once-in-a-lifetime deal or achieving feats. It’s about making a mark or a lasting, positive impact on someone or something.
Before you embark on a selling mission, you should make sure to take care of a few things. Preparing for sale is generally a year or more process. This checklist for selling your business will help you stay on track.
Let’s talk about the more personal aspects of exit planning. These insights are something you can’t get from a webinar or class but come from a long history of successful exits and happy entrepreneurs.
For many businesses, the transition to new ownership is inevitable. However, most business owners fail to think about it until it’s too late. Even if the transition is 10 to 15 years down the line, it requires planning and preparation for smooth execution. Ownership transition types range from passing control to successors to selling your …
Common Mistakes Business Owners Make During Ownership Transitions Read More »
Start-up founders need to know how to exit their companies without destroying those companies. We explain the most pertinent options.
