Tips for Business Owners
Exit Planning is a key priority of my service to business owners. Using an established process, we discover what you value most, and then we work with your team of advisors to create a written roadmap and execute a strategy allowing you to exit your businesses on your terms and conditions to reach your goals. These Exit Planning newsletters touch on a variety of relevant topics:
Improvements That Can Position Owners for Greater Success
The Importance of Reviewing Your Performance
Planning Is a Team Sport: Which Teammates Do You Need?
How Time Can Affect Planning Success
Protecting Yourself Against Employee Risk
Why Communication Is Essential to Successful Planning
What’s the Point of Asset Protection?
How Your Employees’ Motivations Can Affect Your Business Planning
Strength From Within: How Preparing Employees for Ownership Can Strengthen Your Business
Connecting Your Personal Financial Plan and Business Continuity Plan
Are You Protecting Your Most Valuable Assets?
How Agility Can Affect Your Company’s Future
Retaining Key Employees: One Size Doesn’t Fit All
Guiding Your Wealth to Where You Want It to Go
5 Ways to Address Deal Killers Before They Kill Your Deal
Deal Killers: Catch Them Before They Harm Your Future
5 Aspects of Strong Goals and the Consequences of Missing Them
There’s More to Business Than Money: Values-Based Goals
Poor Planning, Big Problems: The Tale of Tom Poor
Walk Before You Run: Phased Planning
Change Is OK: How Planning Makes You Focused and Flexible
The Benefits and Challenges of a Third-Party Sale
Is a Family Transfer Right for Your Business?
Keep Your Family Intact with Proper Estate Planning
Don’t Let Your Key Employees Jump Ship
If You Don’t Uncover the Skeletons in Your Closet, Your Buyer Will
Ingredients to Jumpstart the Planning Process
Not All Strategies Are Created Equal
Find Your Best Path to the Future
Planning When You’re Too Busy to Plan
Where Transferable Value Comes From
Building Business Value in a Recession
Does Your Spouse Feel Left Out of Key Business Decisions?
Smoothing Out Friction Between Business Owners
How to Be Sure You Are Leaving Your Business in Good Hands
Thinking of Selling Your Business to an Employee?
Which Planning Process Is the Best Fit for You?
3 Ways to Position Yourself and Your Family for Future Success
Why Defining Goals Is Important and How to Do It
If You Love What You Do, Why Should You Make Plans to Leave?
Must You Fire Your Managers to Grow the Business?
How Long Does Planning for Your Business’ Future Take?
What You May Get Wrong About Business Valuations
Optionality and Your Plans for Your Business Future
Shaping Your Plans for a Successful Future
Successful Planning Starts Much Earlier Than You Think
Fairness and Equity Among Family Members
Turning a Lifestyle Business Into a Business Enterprise
2 A Planning Process for Future Success
2 Self-Made Problems That Can Harm Your Planning
Protecting What You Care About: Business, Family & Employees
Does Value Building Equal Exit Planning
The Impact of Value Drivers On Sale Price
Exits Are Inevitable, Failure Is Not: Planning a Successful Exit
Top Excuses Owners Use to Avoid Exit Planning
What is your Business Really Worth?
Leave Your Business? It's Inevitable
Are You and Your Company Candidates for a Third Party Sale?
Elements of a Plan to Sell to Insiders
Avoiding Disasters in Insider Transfers
The Essential Business Agreement - a Business Continuity Agreement Among Owners
Preparing for the Worst: Business-Continuity Planning for Sole Owners
Business-Continuity Planning for Co-Owners
Death & Taxes vs. Preserving Wealth - the Final Exit Planning Contest
Which Comes First: Estate Planning or Exit Planning?
Protect Against The Pain of Exiting Your Business
Why Setting Goals is Important, Even if They Change
An Estimate of Future Company Cash Flow
How to Increase Your Business Value Using Value Drivers
Minimizing Threats to Business Value
For Business Exits, Being Inconsequential Is of Great Consequence
What could go wrong when transferring ownership to employees?
BCI: Guiding your family even after death
Estate Planning: A small piece of a bigger pie
Setting Exit Goals for the New Year
Knowing what you have to get what you need
How does exit planning protect business value
Handling the Early Stages of Exit Planning
The Importance of Setting an Exit Date
How Emotion Affects Your Business Exit
The Two-Pronged Approach to Exit Planning
Building Business Value Through Exit Planning
Unforeseen Challenges to Third-Party Sales
The Dangers of Transferring to Children Without Planning
Balancing Your Goals with Your Family's Goals in Family Transfers
What’s So Important About Planning?
3 Benefits of Written Exit Plans
Why You'll Need an Advisor Team
Even If You Never Plan to Exit Your Business, Exit Planning Can Still Help
What Exit Planning Can Do for You
What Business Owners Assume About Financial Planning Hurts Them
Are You Being Your Own Worst Enemy?
Why Maintaining Planning Momentum is Important
How to Leverage Your Strengths in a Business Exit
How Business Owners Are Approaching Their Futures in the New Year
Incentivizing Your Best Employees to Stay
3 Things to Remember About Third-Party Sales
Working Backward: 3 Questions to Ask About Your Planning
Is Your Business Worth as Much as You Think?
3 Things That Can Build Future Business Value
Whether You Sell Your Business or Not, the Planning Is the Same
Maintaining Control, Minimizing Risk, and Rewarding Your Best Employees