International Exit Planning Association (IEPA) recently pointed to top trends in exit planning that are redefining exit readiness for business owners. Some of those include exit planning conversations beginning earlier, an intensified focus on business valuation, a greater interest in employee buyouts, and an increasingly popular trend towards founders maintaining ownership yet removing themselves from …
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For small and mid-sized business owners, exit planning sometimes seems like the last thing they want to spend their time thinking about – much less planning for. After all, it may be years away, so they’ve pushed it to the back burner. Where do you stand? Most business owners pride themselves on being strategic and …
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If you’re like many business owners I’ve known throughout the years, you’ve poured your heart and years of hard work into building your thriving business. You likely excel at piloting your company, you understand your customers and their needs, and you’re a well-respected leader whose people look to you for inspiration and guidance. Now and …
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With business comes constant challenge. As a business owner or leader, you’re faced with problems to solve and decisions to make every day. Sometimes that responsibility can feel overwhelming and may keep you up at night. The solution? Take a break! We’ve likely all had the experience of suddenly being struck, “out of the blue,” …
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More business owners are choosing a different kind of exit strategy that involves stepping back from day-to-day operations without retiring or severing ties with the company they built. On the surface, a transition like this can seem straightforward, but rarely is. In my recent work with a family-owned business, what appeared to be a simple …
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Have you ever shared the frustrations you’re facing with your business, only to see a blank look on the face of the person to whom you just poured out your heart? They don’t get it – they haven’t been there. On the flip side, have you felt the relief of sharing your story and the …
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To optimize business success your focus should be on both growing your company today and planning your exit objectives. These endeavors are most effectively pursued concurrently and maximizing the value of your business is foundational to achieving both short and long-term goals. Maximizing value – for today and tomorrow – hinges on identifying and prioritizing …
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Whether your focus is on building your business now or planning for an exit down the road, there’s obviously a lot you need to know. As a business owner juggling a multitude of priorities, you may wonder… where do I even begin? Every business owner needs a guide when it comes to planning for what …
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New Year resolutions often don’t last long because they don’t dovetail with what’s truly important to us. Now that we’re a month into the year, it’s a perfect time to reassess your genuine priorities. I’d venture that, at the top of that list, is the well-being of your family – including a secure future – …
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Whether you are focused on growing your company in the present or preparing for your eventual exit, your success on both fronts hinges on maximizing the value of your business. Every business owner will eventually exit – whether it’s planned or not. Savvy business owners recognize this truth and work towards closing the gap between …
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