Category: Exit Strategies

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 »

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 »

3 Key Financial Metrics to Assess Business Value

inancial plan for a business valuation - Photo by rawpixel on Unsplash

Whether you’re buying or selling a business, knowing how to analyze the financials is critical to accurately assessing a business’s value prior to a sale. In a recent article I read on entrepreneur.com, the author explains three key financial metrics that are important to review to make a good assessment about the value of a business.… Read more »