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 […]
A huge perk of running your own business is getting to do it your way. This can make planning for a successful future challenging for some business owners because they need to be comfortable with giving up control of certain aspects. And if they don’t agree with their advisors—or if their advisors don’t agree among themselves—it […]
Business owners know they cannot maintain ownership forever. The timing and rationale behind ownership changes differ from owner to owner and determining the optimum timing can be tricky. Implementing an exit plan can be daunting so it’s important to recognize key indicators that may signal the timing is right for you and for your business. […]
Founding a business is inherently risky. Fortunately, even the riskiest businesses have opportunities to reduce their risks and protect their interests with proper and early planning. Let’s look at a fictional but representative story of how an extremely risky business survived an unexpected accident. A Precipitous Fall Harold “The Hummingbird” Wasserman founded his stunt-pilot training […]
