Most business owners at some point in time want to know the value of their privately-held business. Further, many owners who see their ‘exit’ as being many years in the future would like to know what they can do today to improve and grow that value. This newsletter...
When it comes time for a business owner to contemplate an exit from their business, it is important to consider the differences between a ‘good business’ and a ‘good investment’. The next owner of your company will be looking for a ‘good investment’, not just a good...
Business owners are well served in understanding the market forces that will likely impact their attempt to successfully exit their business. In 2009, Richard M. Trottier published a ground-breaking book titled Middle Market Strategies. The statistics that are...
According to a recent statistic, 99.8% of US households are not subject to federal estate taxes because they fall below the new estate tax exemption limit of $5.43 million per person, or $10.86 million for a married couple (for the year 2015). The increase in the...
Keeping it in the Family For family businesses to succeed and remain in operation from one generation to the next, succession planning is a crucial procedure. Early planning is crucial, and each plan should be customized to meet the particular requirements of the...
In any competitive endeavor, there are two prevailing mindsets – there are those who are playing to win the ‘game’ and there are those who are playing not to lose. Business owners are playing the game of business. Each player in this game has quite a bit at stake...
Growing your business is a constant challenge, but it's essential if you want to achieve long-term success. While there are many strategies you can use to grow your business, financial growth strategies are among the most effective. By focusing on your finances, you...
What Happens When it's Time for You to Step Down and Hand Over the Reins? What Is Succession Planning? Succession planning ensures your legacy lives on, and your hard work continues to benefit your employees, customers, and community long after you have retired. It is...
Owners who start to think about exiting their business often fancy the idea that someone else will certainly want to own their company after them. These owners look at the struggles that they faced to get the business up and running relative to the stability and...
Two Sides to Every Story I’m sure you’ve heard the phrase, “There are two sides to every story” in your life many times. This phrase has special meaning for business owners who are often faced with the personal side of their story and a business side of their story....
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