Category: Exit Planning

How Long Does Planning for Your Business’ Future Take?

How long does planning for your business' future take?

One of the first questions business owners ask about exiting their businesses is, “Just how long does planning for your business’ future take?” The true answer is it depends. There are many things to consider as you shape your Exit Plan. You might have a business that’s worth $10 million but is overly reliant on…
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What You May Get Wrong About Business Valuations

Business Valuations

Business valuations are important to successful planning. They tell you what your business is worth to a potential buyer. Though business valuations seem simple on the surface, even the smartest and most successful business owners can misinterpret their importance. Business valuations generally tell you two things. First, they tell you whether you can sell or…
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Optionality and Your Plans for Your Business Future

Whom will I sell this business to

When many business owners first think about their business futures, their first question is, “Whom am I going to sell this business to once it’s my time to leave it?” It makes sense for owners to ask this question first, since the answer to that question can guide how their futures look. But this is…
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