Exit planning
Thinking About Selling Your Business?
Picture the Finish Line At a Glance 73 million Baby Boomers will retire in the next several years.1 Baby Boomers own more than 4 million privately-held businesses. They employ between 60–70% of all U.S. employees. 49% of surveyed business owners lack knowledge of the market value of their business.2 Selling a business for top dollar…
Read More7 Myths That Keep Business Owners From a Successful Exit
Earlier this year, I spoke with a business owner who had built a profitable and strong company over three decades. He told me he planned to start thinking about his exit once he was “a year or two away from retirement.” When we reviewed his financials and operations, he realized that waiting to make a…
Read MoreWhat’s the Best Way to Sell or Transfer Your Business?
Building and growing your business didn’t happen overnight. It took years of hard work, dedication, and many sacrifices along the way. The same goes for creating a solid transition and exit plan—it’s not something you can create in a day. Yet, here’s the surprising part: A survey found that while 67% of business owners expect…
Read More9 Pitfalls that Can Derail a Business Sale
As a business owner, the idea of an acquisition or merger can be both exciting and daunting. While it can be a great way to expand your business or buy into a new one, the process of M&A is complex, and there are many potential pitfalls to avoid. Poor acquisitions can lead to the loss…
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