Archive for May 2019
4 Questions to Ask Yourself When Planning an Exit Strategy
Sooner or later, you’ll leave your business. Asking yourself the hard questions now can save you time and stress as you exit your company later Have the customers received their orders? Have my employees been paid? Am I getting paid this month? These are probably just a few questions you’ve asked yourself as a business…
Read MoreBreakups are Tough: How to End a Partnership When There’s No Formal Agreement in Place
7 steps that can help you avoid ending up in court Just like a marriage, no one goes into a business partnership expecting it to end. And that makes it all too easy to forget to include one of the most important elements of a partnership agreement: the exit strategy. Or even worse, to not…
Read MoreWhen Naming a Relative as Successor, Business Comes First
Handing the reins to a family member requires in-depth planning, skill development, and a smart tax strategy Our previous blog highlighted how almost 12 million businesses will transition ownership in the next 15 years; a process involving $10 trillion worth of assets. And family-owned businesses make up a significant portion of organizations that will be…
Read MoreBusiness Exit Planning Using the Value Builder System
100 percent of people eventually leave their business. A good exit strategy allows owners to turn a good thing into a better one by protecting assets, building value, and striking the best deal Entrepreneurs want their business to grow and thrive, and an increasing number also want to sell. Last year saw a record number…
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