Value creation is fundamental to every business, be it a company looking to grow or the one going to market. An ongoing business needs to create value for its customers, employees, suppliers, investors, stakeholders, and community. And if you are a business owner looking to sell your company, then you need to create transferable value. […]
A company must create value, be it an ongoing business or one ready to sell. An ongoing business focuses on enhancing value for its customers, employees, suppliers, and investors; a company being prepared to be sold must increase its value for prospective buyers. The current market value (CMV) is rarely sufficient to allow you, the […]
Business valuation is the process that determines the economic value of a business unit or a company. Business owners get business valuations for many reasons, such as tax planning, estate planning, exit/entry of a partner, sale value, etc. A professional business valuation is admissible in a court of law to provide proof of the company’s […]
Exit planning affects all aspects of a business: legal structure, revenue models, long- and short-term investment growth strategies, types of potential investors to seek, and much more. Planning for future transitions is challenging, and exit planning is no exception. An exit plan may not be necessary to leave the business, but it is necessary to […]
Exit planning provides a clear vision for your future, prepares you and your business for your departure, makes your company more appealing to buyers, and helps you achieve your exit goals. However, it is essential that you, the business owner, create attainable goals for your exit plan. Setting goals is an effective process that motivates […]
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.
Does exit planning really take 5 years? Writing the exit plan itself only takes a few months, but enabling business owners to get their desired exit takes a lot more time.