The Challenges Of Exit Planning

Let’s look at some of the challenges people face when they’re trying to work out their exit strategies. The major challenge is usually people just figuring out what they want to do – how to get started. One of the best places to start is by getting a valuation...

Keys That Determine The Value Of Your Business

In this post, I’d like to share some key factors that determine the value of your business. Obviously, profit is number one. You need to show you have some profit in the business. There could be other redeeming factors, but, in general, one of the most important...

Two Ways To Value A Business

Even though there are many ways to value a business, at the end of the day the business is valued at whatever a buyer is going to pay for it. It’s just like real estate, where the home is sold based on what the buyer will pay. A default method that most people...

Be Ready For Your Alan Bond

It’s easy to understand that, if you’re in a partnership, having an exit strategy would be essential. But what about for people who are sole traders in small businesses that are doing it on their own? Should they wait until they’re ready to sell before they start...

The Truth About Business Succession And Exit Planning

I’ve retired twice. The first time was after I sold my international freight forwarding business. I really had no idea what I was going to do, but I wasn’t ready to retire, so I went into business coaching. That was something I had in my skill set and it was the...