Transitioning Your Business? 11 Do’s and Don’ts

The day to transition the business to a new owner will surely come, whether if by default or by purpose. Overall, just 25% of business owners have done serious succession planning.  The reality is that many owners probably won’t be able to sell their businesses when they’re ready, because they’re not taking proactive steps towards… Read more »

Employee Theft- Is it Happening to You?

Employee theft is more serious than you think—and is rampant in small to mid-sized businesses. It never ceases to astound people that a trusted employee could steal from you. Sadly, most fraudulent activities take about 16 months before they are even detected. After the Enron debacle, Congress passed “Sarbanes Oxley” to tighten the responsibility of… Read more »

Is Your Exit Strategy Setting You Up for a Good Retirement?

couple sitting on beach watching sunset during retirement after selling their business

The statistics show that a large majority of Americans are not financially prepared for a good retirement. Fortunately, if you’re a business owner, the sale of your business can help you escape the statistics – but only if you properly prepare. Many business owners wait until retirement is close before they start thinking about their… Read more »