Practicing What You Teach Are you a family business advisor whose age starts with a 5 or more? Are the people in your office walking on eggshells wondering what happens to them when you retire? Are you practicing what you teach about planning for what happens to your practice when you begin your “third phase?”… [Read More]
Every Exit Is An Entrance
“I feel like I’m molting,” I found myself saying to a friend earlier this week. Have you ever experienced that—you experience so many big changes in a compressed time period, that you feel like you’ve shed a layer of skin, or maybe two or three? I recently celebrated a birthday—my 54th trip around the sun… [Read More]
Planning a Graceful Exit
Unprecedented but not unpredicted storms have again wreaked havoc. Just as Texas was recovering from Hurricane Harvey’s destruction and record setting floods, Hurricane Irma utterly devastated many Caribbean Islands before turning to make landfall in Florida. According to The National Hurricane Center, Irma was the longest-lasting powerful hurricane or typhoon ever recorded, worldwide, with 185-mph… [Read More]
Exit Planning Strategy – Proposal Template
Use this simple template to help develop your exit planning strategy proposal. The exit planning strategy example template includes a foundation for building a successful exit plan process, in a proposal format. This document will help advisors prepare a scope of work that describes the steps they can take to help their client companies develop… [Read More]
Key Facts About Exit Planning and ESOPs
A strategic way for private and family-owned companies to implement succession and sale strategies is through utilizing Employee Stock Ownership Plans (ESOPs). With this method, the unique goals of the owners and company serve to focus our approach, as we assess, structure, and implement transactions for our clients. Critical to the ESOP opportunity is its flexibility. Sellers can control the means… [Read More]
Clarifying Management Roles and Expectations
As a business evolves and grows, the roles and expectations of managers, including owners, begins to shift. However, in many cases, this simply happens by default, with little or no discussion. Problems can arise when expectations differ and when people don’t perform in a way that is consistent with expectations. I recently visited a company… [Read More]
6 Steps To Get The Most Out Of Your Exit Plan
Family business owners often ask us how a solid exit plan can increase the value of their business and ensure a fair price if and when they put their business on the market. In addition to making sure you have a successful products and services, there are actions you can take to increase both the value of… [Read More]
Business Valuations: How to Cut Through the Confusion
And offer services that meet your client’s goals Paul Svendson and Paul Hajek, Business Valuation specialists, experienced consultants, and coaches will help us to understand the different types of valuations, how to prepare your clients, when to introduce this process and how to help your clients to understand next steps. This information is for members… [Read More]
