Maximizing the value of your business is the focus of a good exit strategy. It logically follows that a focus on value optimization should be built into your overall business strategy and how you run your business. Leading management consulting firm, McKinsey & Company, has developed a model for a comprehensive approach to value-based management (VBM). They assert …
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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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The sudden and unexpected economic impact of issues surrounding COVID-19 likely has business owners who were considering selling and exiting their business reconsidering their strategy. The influence of these external factors may not be something you’d factored in or for which you have a contingency plan. So now, when it is clear what elements may …
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With stock fluctuations, speculation and unknowns swirling around the coronavirus situation, business owners are focused first on ways to continue doing business. But especially for those who are planning to exit their businesses in the next few years, there is concern about maintaining the value of their business. First, some general advice…. Don’t panic – …
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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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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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You’re an entrepreneur. You had a dream and a vision for your business and made it a reality. It’s your passion and you’ve worked hard for years to make it successful. But eventually, you’ll leave that business – voluntarily or otherwise. You want your exit to be as carefully planned and executed as all your …
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