Exit Strategies
Exploring Your Exit Strategy: Key Options to Sell or Transition 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…
Read More6 Questions Every Business Owner Should Ask
Inventor Albert Einstein is famously quoted, “It’s not that I’m so smart, but I stay with the questions much longer.” Companies that are deliberate in asking the right questions, and drilling down on the tough answers, will have greater success in reaching sustainable financial health and long-term business success. You cannot lead what you do…
Read MoreBusiness Exit Strategies Demystified
As a business owner, you may have considered the possibility of exiting your business at some point. Whether it’s due to retirement, a change in career, or other reasons, it’s important to have a plan in place for a smooth and successful exit. In this article, we’ve compiled a comprehensive list of 6 business exit…
Read MoreWhen to Pass the Baton: Navigating Business Exit Timing
As a business owner, the decision to hand off your beloved enterprise is both momentous and emotional. Whether you’re contemplating retirement, pursuing new ventures, or simply recognizing the need for change, timing plays a critical role in this significant transition. In this article, we explore the considerations for determining the right moment to pass the…
Read MoreSomeone Wants to Buy My Business! Now What?
Avoid Seller’s Remorse If someone makes an offer for your business, it can be an exciting time—but caution is key. Selling a business can be one of the most challenging tasks a business owner will face. Before engaging in discussions with buyers, you need to ensure you are truly ready to sell, otherwise you…
Read More8 Strategies to Propel Your Business Growth Plans
Several recent surveys show that business owners expect the revenue of their business to improve over the next year. And another 60% also believe the current economic climate is having a positive impact on their business. This is all good news—especially for the business owner who is always thinking about how to increase their earnings…
Read MoreQuick Acquisition Guide: Nine Pitfalls that Can Derail a Business Sale
Imagine your startup company or 30-year-old family business getting acquired. It sounds like it would be a dream. But in many cases, the transaction can lead to the end of everything business owners work so hard for. Buying an existing business along with selling businesses (mergers & acquisitions), is a great way to buy into…
Read MoreRunning for the Exits – Is the Tsunami Coming?
For the last several years, sales and purchases of businesses have been in sharp decline. The “Great Recession” has made many people hypersensitive to economic risk. The stock market decline and volatility has eroded wealth and confidence. Many aging baby-boomers who dreamed of getting out by now haven’t been able to exit their businesses. According…
Read MoreRunning for the Exits – is the tsunami coming?
For the last several years, sales and purchases of businesses have been in sharp decline. The “Great Recession” has made many people hypersensitive to economic risk. The stock market decline and volatility has eroded wealth and confidence. Many aging baby-boomers who dreamed of getting out by now haven’t been able to exit their businesses. According…
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