Before you can even start discussing an Exit Plan, you first must identify why an owner wants to leave their business and what their top priorities are.
Before an Exit Plan can be created, one must first evaluate top priorities to decide what tasks should be tackled first.
Break down your comprehensive Exit Plan to focus on your client's primary concerns first.
To be a successful advisor, one must be able to know what motivates each of their clients.
It is important for owners to become dispensible for them to be able to sell their business one day, but be sure to remind your business owners to not allow their management team to become too indispensible.
In our last blog post we met Ida and Gary Nella, the owners of a successful machine shop.
Understanding the real valuation of a business.
The COVID Pandemic crisis has affected us all in different ways. There are still many business owners out there who do not want to sell, even though in two previous posts, we suggested that:
Even those owners that never want to sell their business need help during the COVID Crisis.
Sometimes equal ownership transfers to an owner's children is not always "equal."
Have questions before getting started? Schedule a meeting with BEI or Contact Us