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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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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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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