“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 […]
At Aberdeen Advisors, we have the pleasure of helping business owners make one of the most important decisions of their lives— successfully selling their business. As a team, we are grateful for the support and trust that our clients and professional partners have graciously bestowed upon us. We each feel fortunate to have the opportunity […]
Many business owners eventually reach a crossroads where their families want them to slow down and take it easy, even if they aren’t ready to. This can be even more challenging if, as one business owner put it, you “feel more appreciated at the office than at the dinner table.” In these situations, committing to […]
For many business owners, the business is more than a means to make money—it’s a part of their identity and a link to the past. This can make the idea of leaving it, and committing to the planning required to leave it successfully, very challenging. Consider the story of Tony Charles, a fictional but representative […]
Yeah, I’m the taxman. And you’re working for no one but me. -George Harrison Selling your business comes with major tax implications. You likely don’t want to pay any more than the minimum in taxes when you sell. With planning, it’s possible to reduce your tax burden and reap the most out of a business […]
Business owners are used to having control. But some things are uncontrollable, and without a plan, those uncontrollable things can create negative consequences that reverberate. Consider the story of a fictional but representative business owner who learned why planning before he thought he was ready was so important. A Stroke of Luck Jerry Glasner’s employees […]
