Each year, thousands of businesses change ownership. Yet, many owners don’t maximize the financial proceeds from this historic event. This event is a one-time opportunity to monetize the years invested in the business. One of the primary reasons why business owners...
A business exit strategy is simply a plan for what will happen when you are ready to leave your business. Just like you have a clearly defined business plan to guide your business through the course of its life, you should have a plan for exiting. There are several...
Most business owners have between 80-90% of their personal net worth tied up in the company they own – one highly non-liquid asset. Not only does this make estate planning difficult, but it also exposes the financial legacy you want to leave behind to your...
When dealing with any sort of acquisition funding, the asset or stock purchase agreement plays a significant role in a bank lender’s underwriting process. Due to its significance, lenders request the purchase agreement and each associated exhibit noted in the...
Do you have an exit strategy for your business? Most small business owners have one. Those without an exit strategy frequently miss out. Whether you have one or not, the point is to plan for the future today, so that when the time comes to transition, you are...
Change is inevitable. Change strikes fear in the hearts of many business owners. Combating change is difficult. The proper roadmap for business owners can make or break the company during change. This roadmap is a business plan. A business plan identifies future...
