Building business value serves many masters. Explore the foundational questions that start you down the path of building the value that will support your next chapter.
If you plan on buying out your partner, here are some steps to take to get you started.
Learn how to create a good plan and follow a two stage strategy to sell to your employees.
Cash flow forecasting is foundational to planning your best exit strategy.
This article explores where to start, as well as the consequences of not planning for your exit.
Exit planning and estate planning are important items for every business owner complete. But which should you focus on first?
“The best time to plant a tree is yesterday. The second best time is today.” Why? You will leave your business one way or another. If you want to leave on the best possible terms, you need to start now.
Cash flow is still the top attribute sought by buyers. This article addresses the importance of cash flow and information on using projected cash flow.
There are eight ways to exit your business, and three steps to determine which way is right for you.
If you’ve decided to transfer your company to your business active child, here are two scenarios for you to consider.
A buy-sell agreement drafted before a lifetime buyout means all owners can anticipate and manage each of four major issues discussed in this article.
Has your lawyer, CPA, or insurance professional told you that you should not even think of transferring your business to your child or key employees? Do you want to do it anyway?
If you plan on selling your business to your children, key employees, or to other co-owners, here are ten things to keep in mind.
Selling your business to outsiders yields better results, right? This article discusses risk in third party sales as well as selling to an insider as an alternative.
Consider these advantages to using an intermediary when selling your business.
Avoid this business succession scenario by answering these six estate planning questions.
If you want to continue on with your business indefinitely, you still need to develop a thoughtful plan to maximize your likelihood of success.
Stepping away from the store? This article discusses intermediate exit plans that allow others to run the business while you maintain ownership and control.
“Take Control of Your Exit” was presented by Upsize Magazine’s Club E in August 0f 2017. LHP’s Tom Siders is one of panelist providing insight into the importance of having and executing an exit plan for your business.Author:
This article explores the advantages of a (well-drafted and recently-reviewed) buy-sell agreement.
If you co-own your business, having a business continuity agreement is crucial. Having an agreement that is current is even more important.
The most common obstacle to an employee buyout is cash. This article discusses how to overcome this obstacle by designing a sound buyout plan.
Learn the four basic transition planning steps, as well as techniques to increase the value of your business.
This article addresses how to make your buy-sell agreement work well in a lifetime transfer.
Most closely-held business owners are full-time employees (and more) in their businesses. What happens when one of the owners wants or needs to leave the company?
This business continuity white paper addresses the common reasons businesses fail when owners leave, and how to protect the future of your business.
This white paper examines the advantages and disadvantages of each exit route, and details a process that enables owners to choose the best path for them.
The first thing a business owner considering an exit strategy wants to know is, “What is my business worth?” The next question is, “How much do I need once I leave?”
You will leave your business. It may not be today or tomorrow. It may not be by choice, but you will leave your business. Do you have a plan for that?