Business owners are accustomed to reading and hearing about exit planning, yet there is often a misunderstanding that it is a cumbersome project that will take time away from running a business. Instead, exit planning is simply a component of good business that yields a more comprehensive business plan, clarifies goals, and improves your likelihood …
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A look back at this year brings to light three significant areas in which – as a result of their participation in the Exit Planning Peer Advisory Board (PAB) – our members saw positive differences in their companies and in their growth as business owners. Consider these elements as you build a solid foundation for …
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In many companies and industries, much has changed in recent years regarding the roles of leaders and employees and how they interact. In general, these relationships have become less “at arm’s length” and more authentic and human. Leaders are more approachable and willing to show vulnerability while employees want to contribute more, take more responsibility, …
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Every business owner will eventually exit their business – one way or another. Being prepared with a vision of how that will look enables you to create and execute a sound plan that is most beneficial for you, your family, and your company moving forward. Yet many business owners don’t start planning well ahead of …
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It would be interesting to have kept a list over the years of all the reasons I’ve heard from business owners for not having started an exit plan. What it boils down to for most is that their exit is something that seems far into the future and doesn’t seem to be a huge priority. …
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