The Challenges Of Exit Planning
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...
Keys That Determine The Value Of Your Business
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,...
Two Ways To Value A Business
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...
Be Ready For Your Alan Bond
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...
The Truth About Business Succession And Exit Planning
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...
Every Family’s Business: Compensation & Salary Reviews, Job Descriptions
Every Family’s Business: Compensation & Salary Reviews, Job Descriptions We’re down to the last three commonsense questions that have been developed by Thomas Deans, PhD, which are all around protecting your wealth and determining a solid exit strategy for your...
Every Family’s Business: Valuation & Insurance, SWOT Analysis
Every Family’s Business: Valuation & Insurance, SWOT Analysis This is part three of a series in which we’re exploring 12 questions which were developed by Thomas Deans, PhD, to make sure family business develop successful exit strategies. Question #7: In...
Every Family’s Business: Selling To A 3rd Party & Handling Unsolicited Offers
Every Family’s Business: Selling To A 3rd Party & Handling Unsolicited Offers We’re moving on to the second set of questions from Thomas Deans’ book, Every Family’s Business, where he shares 12 questions that help families determine exit strategies for...
Every Family’s Business
Every Family’s Business Every family’s business is something that we haven’t talked about a great deal in many of my blogs, and I think the time is right now to consider it very seriously, simply because of the age of transition that’s...
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