Tag: exit strategy

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 »

Why You Should Think About Your Exit Before You Even Start

couple walking in sunset w credit

At first thought, it may seem strange and a bit negative to tell someone to think about how their business is going to end before starting it. But, in practice, this is a very powerful technique to ensure that your business becomes all that it can be and accomplishes the goals that will really matter… Read more »

Ignite Growth & Prepare to Exit With Incentive Plans

lighted match represents igniting business growth

According to an article in Forbes.com, it’s essential to motivate managers to facilitate growth and stay with the company through a sale to achieve a highly profitable exit. So how do you do this? Incentive plans. By setting up properly designed incentives, you can not only motivate employees to achieve the growth needed to obtain maximum… Read more »