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Exit Strategies
During the pandemic, due to much uncertainty about the future, business owners held on to their businesses. Would their industry fare well? Would there be a great shift in technology as a result, and would they have the bandwidth to keep up? By early 2022, M&As found their foothold and a lot of businesses have...
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Grooming the right leadership team or bringing new owners into your company must be carefully orchestrated. Future owners need to match your goals for transfer of ownership, but they should also mesh well with daily operations and employee expectations. If you plan to exit gradually, your chosen successor must also be open to your continued...
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Many business owners only consider the value of their company when they begin planning their exit strategy, but by then it may be too late to significantly impact value in a positive way. There are also many circumstances that could require an owner to sell or transition the business sooner than expected. If you know...
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