Unexpected events often have bigger risks for business owners than many other people. Family members, employees, and even communities can face devastating consequences due to a business owner’s death or permanent incapacitation. Fortunately, there is a way to mitigate the risk of unexpected events wreaking havoc on you, your business, your family, your employees, and […]
Prior to joining Aberdeen, Kimberly served as the Executive Director of the Gulf Coast CEO Forum where she worked alongside business owners and c-suite members. With an expertise in healthcare, she has held national rankings in medical sales and ultimately, co-owned a boutique medical supply company in Sarasota, Florida. A graduate of Virginia Commonwealth University, […]
Consider this scenario: A traveler wakes up in a foreign place with three items—the clothes on their back, a map in a language they can’t interpret, and 10 coins. As they begin walking down what they think is a path, a person approaches and says, “I can help you read this map and find where […]
Selling your company can be an overwhelming process. You know the end goal is to close a transaction, but you may be unsure of the proper approach. Thankfully, this is a well-worn path. M&A advisors offer guidance and advocate for you as you travel this road. Completing the following list before engaging an advisor will […]
If you’re a business owner, you likely want to receive the most value for your business when you decide to exit. And rightly so. You’ve poured your time, money, and energy into it and deserve the best possible outcome. Almost all business owners aim to receive the highest amount when selling. However, much of that […]
“The best-laid schemes of mice and men gang aft agley.” -Robert Burns What should you do if a plan you made isn’t working out? Let’s look at how Exit Planning can position business owners to successfully adjust to changing conditions. Adjusting Over Abandoning Over the past few years, many business owners have learned that even their […]
Planning for a successful future can seem overwhelming. Where do you start? How do you make time? Which questions should you ask? Today, we’ll present a process that can help you organize your thoughts and put you on a path toward a successful planning process. The Most Important Starting Point While the intricacies of your […]
Election cycles, such as the upcoming 2024 Presidential election, can cause business owners, investors, and advisors alike to take a step back in preparation for the unexpected. Each political party typically proposes a variety of new policies that can influence the broader economy and change existing M&A-related regulations. Uncertainty, overall, is typically the most […]
As a business owner, is it a good idea to hire a “professional president” to keep various managers focused? Today, we’ll present some potential benefits of a professional company president. Shepherding Success Successful business owners tend to run so many different parts of the business. As their businesses grow, they may hire managers to take […]
“How hard can planning my exit really be? I already made it valuable, so all I need to do is find someone to buy it for what I want, right?” If you’ve ever watched a professional football game, you might be familiar with the armchair quarterback—someone who says “How did he miss that throw? I […]
