In my work as an exit strategist, I’ve heard multiple reasons from business owners for not starting an exit plan, often because it seems too far off to think about. Many haven’t considered the immediate rewards it yields, including a thorough business plan that can be used to support growth in their company today! So, …
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We kicked off our most recent Peer Advisory Board meeting with a special presentation focused on four topics that can help business owners hone their most valuable asset: people. Our guest speakers, Scott Barth and Leeanne Super, shared their expertise about ways a multi-generational workforce, motivation, recognition, and ownership thinking play into the success of …
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When a client chose a date ten years out for her expected exit, she asked about next steps for developing and working an exit strategy. We started by documenting foundational information about her company and her desire to sell to an outside third party. She had the value of her company assessed and determined what …
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My first suggestion to business owners who want to start exit planning is to pick a target date for their exit. Their next question is, “Now what?” My advice – get an accurate determination of the current value of your business, forecast the amount needed to meet your financial objectives upon and after your exit, …
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Last month I was one of three presenters at a Lunch & Learn for business owners. The content focused on maximizing the value of one’s business, either in preparation for sale or exit, or as part of a growth strategy. Along with two colleagues, Ken Galecki and Rick Arthur, we shared our expertise for takeaways …
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Accurate, timely financial statements are critical to all aspects of business, from day-to-day operations to informing major decisions. Yet even the most thorough financial documents are of little benefit if you don’t understand how to read and interpret them. Developing the skills needed to decipher your financial statements was the focus of discussion at our …
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Bryan Schwartz, founder of Schwartz Law, LLC, was our guest speaker at a recent Exit Planning Peer Advisory Board meeting. He spoke to the group about the benefits of a legal audit and how to prepare for one. A legal audit, which equates to a legal check-up for your business, is recommended at various stages …
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The Tax Cuts and Jobs Act (TCJA) of 2017 was signed into law on December 22, 2017. Some provisions have expired, some are set to expire in 2025, and others will endure through this year, assuming the TCJA is not renewed. An understanding of these provisions will be helpful as you navigate 2025 and do …
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If maximizing the value of your business is on your mind in 2025, you’re undoubtedly working to set and measure goals. Since you aren’t alone in this quest, we kicked off our first Exit Planning Peer Advisory Board meeting of the year with a focus on Key Performance Indicators (KPIs). The members of the group, …
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Reserve your spot today for the January 15 KPI Planning Session!! For quite a few years, I’ve facilitated an Exit Planning Peer Advisory Board (PAB) of business owner peers. Through those years, it has evolved significantly based on the needs of participating business owners. We’ve flexed our focus based on what companies prioritize and what …
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