Business Enterprise Institute has provided a free report that complies in-depth insights on how business owners just like you feel about relevant and timely topics concerning their company. Who Is BEI?BEI is the leading innovator…
A fundamental aspect of a successful business exit is assuring that your business has enough value to allow you to exit with financial security. This, coupled with wisely invested non-business assets, gives you the best chance to pursue the Exit Path you want on the timeline you want.
Planning for a successful business future is like being confronted by a bear. If you run from it, it’ll catch up to you and eat you. If you attack it without a strategy, it’ll overwhelm you. And, to stretch the metaphor, simply rolling over and playing dead isn’t in the DNA of many business owners, especially when it comes to their businesses.
Succession planning is an important concept for owners who are leaving their businesses, but this type of planning primarily focuses on the transfer of leadership and/or management from one generation to the next within the business.
For many owners, the answer to one question determines whether they can leave their companies: “How much money will I get when I sell?” This question is critical, and answering it is Step Two of…
Different Exit Paths for Business Owners Let’s begin with a fictional-company case study. Ben (55), Tom (45), and Larry (35) purchased Front Range Powder Coating from its former owner. They paid book value of about…
Many business owners instinctively gravitate toward transferring ownership to their children. However, they must be mindful of the common, sometimes devastating, problems that go along with a transfer to children. While disagreements in third-party sales…
For many owners, a sale to a third party is either their favorite or second favorite Exit Path. In fact, according to The BEI 2016 Business Owner Survey Report, 59% of business owners were interested in…
By Fortress Business Advisory Two roads diverged in a wood, and I— I took the one less traveled by, And that has made all the difference.-Robert FrostStarting your own business can be like having a baby —…