Category: Succession Planning

May 20, 2018
Exit Planning Strategies Event

Please join us on May 30th for "Plan Today - Exit Tomorrow". This event at the Metropolitan Ballroom & Clubroom will focus on key strategies for a smooth transition. Complimentary registration is available for business owners and executives who are considering pursuing an ...

May 17, 2018
Business Valuation Process: What to Expect

Many business owners who inquire about business valuations have a very limited understanding of what the valuation process entails.  I’ve had well-meaning but unknowing clients hand me a couple years of Quickbooks P&Ls and say “call me when it’s done."...

March 7, 2018
7 Ways to Prepare Your Business for Sale

For some business owners, succession planning is a complex and delicate matter involving family members and a long, gradual transition out of the company. ...

February 15, 2018
When Using an EBITDA Multiple Isn’t Optimal

Often when we talk to clients, attorneys, or other professionals about business value, they want to think in terms of EBITDA multiples. It is, after all, the standard valuation metric in the M&A world, and for good reason....

January 22, 2018
Eight Factors Indicating a Buy/Sell Agreement Needed

1. Liquidity: The owners want to ensure a ready market for their ownership interests (in the event of death, disability, retirement, etc.). A mandatory buyout provision provides liquidity to the family of a deceased or disabled owner....

December 26, 2017
7 Steps to Choosing a Successor for your Family Business

There’s an old saying regarding family-owned businesses: “Shirtsleeves to shirtsleeves in three generations.” It means the first-generation owner started in shirtsleeves and built the company up...

October 25, 2017
Valuation Often Affects Succession Plans in Hard-To-See Ways

Any business owner developing a succession plan should rightfully assume that regular business valuations are a must. When envisioning the valuation process, you’re likely to focus on its end result: a reasonable, defensible value estimate of your business as of a certain ...

September 6, 2017
Create a Peaceful Succession with a Buy-Sell Agreement

A buy-sell agreement is a critical component of succession planning for many businesses. It sets the terms and conditions under which an owner’s business interest can be sold to another owner (or owners) should an unexpected tragedy or turn of events occurs....

January 28, 2014
The Next Owner

As business owners look forward to retirement, many of them have high hopes they can pass along their business to their children.  A lot of times they just don’t know how to make this happen.  If this is something you are hoping for your business, be sure to speak to you...