A recent Supreme Court case, Connelly v. United States, made an important ruling related to succession planning for closely held businesses. Today, we’ll look at what the ruling says, how it could affect you, and steps you could take to avoid paying more in taxes than is necessary. What Happened? Connelly v. United States settled […]
Many business owners have a fuzzy idea of what life looks like after they’re done working. But fewer business owners have a plan for how they’ll reach the life they want after they’re done working. Running a successful business is time consuming, so business owners often feel like they don’thave time to plan for something […]
Your business is likely a large part of your financial success. Even after you eventually leave your business, you may still rely on your business to achieve financial security. This often means that you need to prepare for the next generation of your business. Whether you plan to sell to a third party, complete a […]
Building trust with your clients often requires a combination of consistency and newness. Threading the needle between becoming commoditized by being stagnant and alienating your customers by moving too far away from your core competencies is also an important part of planning for your successful future after you leave the business. How can you successfully […]
Planning for a successful future often takes years. And even the most forward-thinking plans can run into unexpected obstacles that can add more time to achieving your goals—perhaps more time than you’re comfortable with. How can you minimize the time you need to achieve success while still maintaining control of a successful future on your […]
Selling your business is a monumental achievement. You will become the author of a brand- new chapter of your life which has the potential to be just as fulfilling as your entrepreneurial journey. As you take inventory of your goals for this new season, consider the following. Influx of Capital Upon selling your business, you […]
Keeping key employees committed to your business is an essential strategy for building business value. It’s also a crucial part of planning for a successful future, including your eventual business exit. There are many strategies you can use to retain key employees. Today, we will look at some of the pros and cons of a […]
Aberdeen Advisors is excited to welcome back Elizabeth Eudaly and George Mabry. They both served as our investment banking summer interns while attending Auburn University and Sewanee: The University of the South, respectively. After majoring in finance and minoring in marketing, Elizabeth graduated from Auburn with a Bachelor of Science degree in December of 2023. From […]
Revenue and profitability are generally good indicators of your company’s strength. However, when it comes to planning for a successful future, they are far from the only things that determine your company’s strength. As you plan and perhaps approach your exit from your business, you may need to consider whether you have installed Value Drivers […]
Good news as we head into the second half of 2024! After feeling the burden of a challenging macro-economic environment earlier in the year, the signs of an M&A rebound are evident – improved economic conditions, sector development, and increased market confidence and activity. First, economic conditions are expected to improve. Across the board, experts […]
