The Exit Planning Peer Advisory Board (PAB) provides a safe place for business owners to discuss their challenges and offer support and insights to their fellow members, not only as they relate to exit planning but to their businesses today. A look back at the past year brings to light three significant areas in which …
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Whether you’re well into the exit planning process or just getting started, including goals for your exit strategy is key as you plan for the coming year and beyond. A simple way to get started is to set three specific goals for the year and map out how you’ll achieve those objectives. The specifics of …
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Much of our focus in Q4 is planning for the next year. This year has been an eventful one, yet again, and reiterates the necessity to plan for the unexpected and maintain flexibility – both in your written plan and your company’s literal ability to respond to change. There’s a lot to factor in as …
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As we step into Q4, it’s time once again to start planning for next year. One of the key components to strategic planning activities is preparing your budget. While it can seem like a time-consuming task, preparing an annual budget enables you to evaluate your spending, anticipate future needs, and stay on top of profits …
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Regardless of the industry, number of employees, annual revenue, or the product or service you offer, if you own a business you have three things in common with every other business owner: You don’t want to pay more taxes than you absolutely must. At some point, you WILL exit your business. When you exit your …
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Coronavirus relief legislation passed in 2020 included an additional $284 billion for Paycheck Protection Program (PPP) loans to help small businesses pay employees and stay open. That second round of funding is now available. Some eligibility requirements have changed, and forgiveness rules have been eased a bit. In addition to first-time applicants, some businesses that …
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Many business owners feel shaken by the impact of the pandemic on the business climate and may be questioning whether their vision of the future is still possible. One of the best antidotes to uncertainty is having a solid plan! It’s never the wrong time to start exit planning, and the more lead time you …
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“Expect the best. Prepare for the worst. Capitalize on what comes.” – Zig Ziglar At our July Peer Advisory Board (PAB) meeting on Exit Planning, the discussion was around what business looks like as we re-emerge and get back to business in this phase of the COVID-19 pandemic. We focused on addressing what responsibilities business …
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Company culture – it’s a foundational element of your business. But with recent changes in how we do business, making culture a priority can be challenging. Employees may be working from multiple locations and on different schedules, how you connect with customers has likely changed, and potentially, you’ve pivoted in terms of the products and …
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Every business owner needs an exit plan in place many years before his or her intended exit date. Once your exit strategy and plan have been developed, an essential next step in the process is assembling a team of preferred advisors. Your exit planning expert will likely be at the hub of that team, interfacing …
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