When you co-own a business, you likely don’t go into it thinking, “One day, we may loathe each other.” But over time, goals, ambitions, and the economy itself can change, creating strife among co-owners. And it becomes hard, if not impossible, to solve major disagreements when you’re in the midst of a disagreement with co-owners. […]
The decision to exit can be daunting for a business owner who has put years of hard work into their company. They may be unsure of their next steps, where to look for help, and how to navigate the complexities of the process. This is where M&A Advisors come in. What exactly is an […]
Planning for a successful future can seem like an event—a thing you do in the course of business. However, in many cases, this planning is much more like a relationship: with your loved ones who rely on you, with your employees, and with your advisors. When fostered, it can be one of the most fulfilling […]
A common tragedy for business owners is facing a life-changing event, such as a sudden death or illness that devastates the business, without a plan. While these events may seem uncontrollable in the moment, the good news is that with foresight and planning, you can regain control over what seems uncontrollable. Let’s look at a […]
One of the biggest changes your business will inevitably experience is a transfer of responsibilities. Transferring important responsibilities to someone else can be exciting and nerve-wracking. Whether you’re transferring ownership to a family member, or departmental responsibilities to a long-time employee or next-level manager, you may want release valves for if things don’t go as […]
The dealmaking landscape continues to be overshadowed by uncertainty. Major bank failures, the Russia-Ukraine war, high interest rates, and the continued rise in inflation have dwindled and caused a slowdown in M&A deals. The total value and overall number of deals announced in the first quarter of 2023 were lower than any recorded in 2022. […]
The death of a co-owner is a tragedy for many reasons. For many co-owned businesses, co-owners are also close friends. What makes the suffering worse is when the death of a co-owner hurts the business in the months and years after the death. It not only makes it nearly impossible to mourn and heal but […]
Many successful business owners are successful because they think about things differently than most people. Others may recognize your personal brilliance and say to themselves, “I wish I could understand how she does it.” This “secret sauce” can be a great differentiator. However, when it comes to planning for your successful future, it may also […]
As a successful business owner, the people closest to you likely rely heavily on you. They may also have expectations regarding your wealth. Your plans for how you’ll disperse your wealth, and the expectations others may have, can have major effects on your future. Let’s look at a story of how one business owner’s plan […]
When it comes to selling their life’s work, business owners want to know the ins and outs to make sure they’re knowledgeable and are able to reach their selling goals. From deciding whether they actually want to sell to navigating the complexities of a sale, it’s imperative business owners have a qualified Advisor on their […]
