Category: Transfer & Exit
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12 Items to Consider When Selling Your Privately-Owned Business
September 26th, 2023
Here are twelve important factors to consider when selling your business.
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12 Exit Planning Considerations for Private Company Business Owners
June 6th, 2023
Exit planning is a crucial process for private company business owners who are looking to transition out of their businesses. It involves developing a comprehensive strategy to maximize the value of the business and ensure a smooth transition for the owner. Here are twelve key considerations for exit planning: Start early: Exit planning is not […]
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3 Ways to Limit the Risks to Your Business of a Tightening Credit Environment
April 18th, 2023
On the heels of the Silicon Valley Bank collapse, there has been increased attention and scrutiny on the banking system. When the banking system gets stressed, banks focus on managing their balance sheets and default risk rather than making new loans. This leads to a pullback on lending and tougher access to credit. So, what should a […]
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12 Reasons to Consider an ESOP as Your Private Company Transfer Strategy
November 9th, 2022
An ESOP can be a very viable transfer strategy for a private company owner, and we have seen a significant increase in ESOP transactions in recent years. However, ESOPs still represent a relatively small number of the total transactions in the private markets. We believe the reason is that many owners and their advisors don’t address it […]
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Don’t Underestimate the Emotional Tax of a Business Exit
June 6th, 2022
Much has been written about the financial aspects and considerations of an exit from your business, and there are plenty of pundits who will provide their various do’s and don’ts. However, a critical element of an exit that is often underestimated, if not totally overlooked, is the emotional energy that is expended on an exit […]
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Will Your Business Exit Be a Transaction or a Transition?
April 19th, 2022
Many business owners oversimplify their view of what their exit will involve. They just assume that there will be some sort of transaction at some point in the future. However, having such a passive mindset is a mistake. While individual situations differ, no one is immune to the passage of time. There will be an exit from your […]
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What to do When Your Exit Plan Doesn’t Work Out (The First Time)
March 3rd, 2022
Although everyone knows the saying “If at first you don’t succeed, try, try again,” you may not think about how it applies to exit planning. However, in a business transaction, it is not unusual for one of the parties to walk away from a proposed deal. It may occur during initial discussions, prior to or […]
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5 Reasons Why an M&A Deal May Fail to Close
November 1st, 2021
The opportunity to work in public accounting for over thirty years has provided me insights into a multitude of businesses and owners across industries and geographical areas. Each business may be unique in its own way, but there a number of similarities regardless of an entity’s size or service offering. A business owner’s profile is […]
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No One Gets Everything They Want in a Successful Family Ownership Transition
September 13th, 2021
Family ownership transitions are complex, both financially and emotionally. These transactions are executed best when everyone is on the same page regarding the goals of the transition. Generally, we try to accomplish the following in a family transaction: Allow the senior generation to exit the business in such a way that their retirement financial needs […]
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Now is the Time to Organize Your Documents and Consider Your Exit Strategy
July 22nd, 2021
As we enter the proverbial “dog days of summer” and look to spend time recharging and recovering from the effects of a pandemic that has been physically, emotionally and financially challenging, it’s an opportune time to consider your exit strategy. The owner of a private company knows that there truly is no day off from […]