Topics and Events
What Does the Term ‘Exit Planning’ Mean to You?
This newsletter is written to help explain what ‘exit planning’ is and, more importantly, what it may mean to you and your plans for exiting your own business.
Succession Planning Without A Succession
It’s a scary thought for most business owners—the idea that the same people you rely on for the proper running of your business may be the same people who own your business in the future or leave your company to work for the competition. However, in planning for the ultimate succession of your business, these are the scenarios every business owner must play out. So the question is, how much does planning play a role in the succession of your business?
Exit Turbulence ~ Every Exit Dies Three (3) Times
If there is one word that can encapsulate exit transactions, it would be ‘turbulence’. And, one of the things about exit turbulence is that it comes in many forms and all too often tells an owner to simply ‘forget about the whole thing’. Therefore, it has been said that ‘every deal dies three (3) times’ [before getting completed]. Because so much is riding on a successful exit for millions of baby boomer owners, without some forewarning about the landmines that can be stepped on, your exit transaction may not proceed as smoothly as you like.
Let’s take a look at some infamous terms from the transactional world as a guide to setting your expectations for your exit …
Is Your Friend’s Advice Worth Listening to for Your Business Exit?
When a business owner begins to think about a life-changing event, such as an exit from their business, it is not uncommon for that owner to seek the advice and counsel of others whom they trust. However, is a friend the one who will provide you with the best advice and guidance regarding the largest financial and [likely] emotional decision of your life?
Why an Exit Plan Will Help with Your Business Growth Avoiding the Business Capital Mousetrap Syndrome™
Your business can get caught in the Business Capital Mousetrap Syndrome™ whenever you need to invest capital in your private business and have no idea how you are going to get that money out. Let’s begin with a few general concepts about businesses and about what an exit plan does to assist with growth plans.