December 12, 2011
The first step in building the business value necessary to achieve the post-business exit lifestyle he or she desires by creating a written value-building plan that: outlines what must be done to reach your goals; makes specific recommendations about how to achieve each task; designates the person(s) responsible for accomplishing each task; and holds everyone [...]
December 8, 2011
Business owners use Value Drivers to build the business value necessary to achieve the post-exit lifestyle they desire. First, they must create written value-building plans that outline what must be done to reach the owner’s goals and designate specific people to accomplish those tasksThe second Value Driver: Tactical Planning. According to Wikipedia, tactics are the [...]
December 6, 2011
Eight ways for owners to leave their companies: Transfer the company to a family member; Sell the business to one or more key employees; Sell to key employees using an Employee Stock Ownership Plan (ESOP); Sell the business to one or more co-owners; Sell to an outside third party; Engage in an Initial Public Offering; [...]
December 2, 2011
Current tax rates are likely the lowest we will see in our lifetimes. At some point, burgeoning budget deficits and ballooning costs of social programs must be paid. Expect tax increases. For nearly all business owners contemplating a business exit, this prediction means that the tax bill due on the exchange of your ownership interest [...]
