When the time comes to sell your business, one of the most important things to consider is how the buyer can affect the sale – and your future. Many business owners have a key employee who expresses interest in purchasing the company. While this option may seem the simplest and least complicated, it can actually […]
It is safe to say that this year was full of surprises. Some businesses thrived, while in other areas jobs were lost, companies were forced to go under, and we even lost loved ones along the way. Many businesses were affected by the pandemic in some way or another. According to a survey conducted by […]
Selling a business is a process, not an event or a single transaction. The reality is only about 25 percent of listed businesses for sale are actually sold. This process is a proven methodology to ensure you will achieve a successful business transition at maximum possible value. The four-stage process is as follows: Stage 1: […]
It can be difficult to consider what will happen to your business and your family if you die unexpectedly. Without proper planning, you could be leaving your family and/or key stakeholders in a huge mess. Proper planning allows you to keep your business on the right path even after an unexpected tragedy leaves you unable […]
Next-level management teams are the drivers behind building business value. But how can you and your advisors attract and keep next-level management teams? The answer lies within incentive plans. When incentive plans are properly designed and implemented, your business has the potential to grow well after you sell. Well-executed incentive plans can motivate each member […]
If you own a business, you should have a current and accurate valuation of your company. Even if you don’t plan to sell, you may need a valuation if you need debt or equity financing for business expansion, or you may want to add or subtract shareholders depending on your needs and your relationship with […]
Top Mergers and Acquisitions: T-Mobile (TMUS) and Sprint Price: $26.5 Billion The nation’s third largest wireless carrier, T-Mobile, increased in size dramatically with the acquisition of Sprint. Per the company’s deal with regulators, consumer pricing was locked for the next three years, which has made them attractive to consumers in a market where regular price hikes […]
Selling your business is probably one of the biggest decisions you will make in your lifetime. In addition to starting your business, choosing your spouse, and selecting the location of your residence, the decision to sell a business is a big deal. You will only get one chance; get it right! There are five different […]
When you started your business, it was probably obvious that you needed a plan. It may be less obvious, though, that when you leave your business, no matter how you do it, you’ll also need a plan. The reality is that every action you take during the life of your business has an impact on […]
Succession planning, Exit Planning, and business planning may seem interchangeable in most people’s eyes. However, each type of planning plays a very different role in the process of designing and then implementing, a strategy for leaving your business and planning for the future. You can’t use one strategy without the others when it comes to […]
