Business-continuity planning is vitally important to owners’ companies and families. Without a well-considered business survival plan, the consequences for owners’ employees, customers, and, most importantly, family and estate can be dire.
The Essential Business Agreement: A Business-Continuity Agreement Among Owners
If you co-own your business, the business-continuity agreement (or buy-sell agreement) is one of the most important documents that you will sign.
Avoiding Disasters in Inside Ownership Transfers
If you think that an inside ownership transfer your business to your children or management team is inherently risky, you’re right.
Elements of a Plan to Sell to Insiders
These 10 elements of selling to insiders can help make any inside transfer successful.
Are You and Your Company Candidates for a Third Party Sale?
Whether your company is small or large, selling it to a third party is the biggest challenge—and opportunity— of your business life.
Sticking a Toe (or Two) in the Exit Planning Pool
Let’s dismantle the most common objections business owners have to undertaking the Exit Planning needed to leave their companies successfully.
Building Value is the Win-Win-Win of Exit Planning
At some level, all owners understand that they will someday leave the businesses they have created. Buyers pay for business value, not for the departing owner.
What Is Your Business Really Worth?
For many owners, the answer to one question determines whether they can leave their companies: “How much money will I get when I sell?”
Exits Are Inevitable, Failure Is Not: Planning a Successful Exit
Designing a comprehensive, successful Exit Plan can be the difference between liquidating your company and selling/transferring it for millions of dollars.
The Impact of Value Drivers on Sale Price
It can be difficult or frustrating to know that building business value is a frequent topic of discussion, but actually building value is sometimes easier said than done.