There are a number of definitions for the terms “Exit Plan” or “Exit Planning.” Since our focus is on Exit Planning for business owners, Exit Planning refers to a vertically integrated approach to planning for both the business and the owner’s personal objectives.
Selling Your Business in Today’s Tough Economy
It is contrary to think that this is a good time to sell your business. But, it just might be the perfect time to sell if you are still growing and are profitable. Strategic and financial buyers still have significant capital and continue to make acquisitions in this economy. Valuations for middle market manufacturing, distribution [...]
Countdown to Selling Your Business — 6 Things You Can Do to Increase Its Value
Creating an Exit Plan is usually a very personal undertaking. When I am retained to create an Exit Plan, I strive to make each plan address the specific objectives and concerns of the client. It is not a “cookie cutter” process. On the other hand, there are some general areas of exit planning that any business [...]
Why You Need a Succession Plan
Having a succession plan adds to the value of your business. It’s that simple. Business succession planning for privately held companies is often synonymous with ownership and management succession. In most cases the founder is a key employee who usually retains substantial control of the company, both financially and operationally. What happens to the business [...]
Strategic Growth Planning
Strategic planning is a critical review of past performance by the owners and management of a business and the preparation of a plan beyond the near term time frame. A strategic plan adds value to your business in that it identifies SWOT (strengths, weaknesses, opportunities and threats) and provides a preferred path to growth of [...]
Update on Proposed Increase in Capital Gains Rates and Selling Your Business
In the fall we wrote about how the current Capital Gains Tax rate will be phased out in 2010 and as a result is expected to rise. Now that the elections are over and we have a new President, it would make sense to revisit this issue. While the Obama administration seems to be currently [...]
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