#2 in a series of three articles on Key Employees Having the right people in the right positions is critical to the success of a business. This is especially true for those who are considered “key” employees, and key employees are critical to a successful exit strategy. My last blog, Finding and Hiring Key Employees, …
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#1 in a Series of Three Articles on Key Employees Every business owner knows the importance of having the right people in the right positions. When that’s the case, your company has a cohesive culture, continuity of vision, seamless operations, and forward motion. Obstacles and struggles are few. Having the right people is especially critical …
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Most business owners are counting on the proceeds from the sale of their business, upon their exit, to maintain the security of their lifestyle. Yet a study by business transition specialists, ROCG, revealed that no more than 33% of businesses actually complete the sales process and that only 42% of study participants had formal exit …
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Planning for the eventual exit from your business and the transfer of its ownership involves creating objectives about what you want to do personally – whether pursuing another business endeavor or retiring – and whether you’ll be financially prepared to exit on your terms and provide your family with the lifestyle you want for them. …
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As a successful business owner, it may have crossed your mind that one day you may want to retire, sell the company or transition the business to a trusted insider. Doing this successfully, and on your terms, takes planning. When navigating the complex process of exit planning, there is success in numbers! Consider joining our …
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Many business owners, even though they eventually develop an exit plan, start the process too late to allow themselves the years they need to evaluate, cultivate and protect the value of their business. Don’t let that happen to you. In a study by business transition specialists, ROCG, 84% of survey respondents indicated that, upon their …
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Traditionally a “Board” has existed to direct, govern, guide or steer an organization, whether nonprofit or business. But in recent years the term has evolved to include Peer Advisory Boards (PABs) which exist for the purpose of helping CEOs and owners of companies direct their own business. It’s unlike a traditional board in that participants …
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Successfully exiting your business will likely prove to be the single largest financial transaction of your life – and a transition you’ll want to accomplish on your own terms. But planning for this event is a complex process. To help navigate the process, consider joining our exit-planning-focused Peer Advisory Board (PAB). This exclusive membership of …
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The event of exiting your business is like the confluence of several rivers. It is the culmination of the investments made of your time, energy and finances over much of your life. You’ll want to exit on your terms and according to your own timing, while leaving your business financially sound and in good hands. …
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Everyone knows that having a clear plan is necessary for businesses to grow and thrive. Not everyone knows that having an exit plan is also a vital part of a business’ success – especially when the owner wants to exit on his/her own terms. Accomplishing your personal, financial, income and estate planning goals is a …
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