OWNING A BUSINESS IS NOT FOR THE FAINT OF HEART.

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“The things you do for yourself are gone when you are gone, but the things you do for others remain as your legacy.” – Kalu Ndukwe Kalu Although the taste of success is sweet, the reward of leaving a legacy is even sweeter. In business, as well as in life, if you are not moving […]

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So you’ve pulled it off, you have successfully exited your business! Congratulations! Many business owners live for the day that they can finally sell their business or pass it on to the appropriate heir, and when they do it often comes with a sigh of relief. Though this often marks as a time to celebrate, […]

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Anyone looking to sell their company to a third party knows that the first step in sales readiness is to examine the market, but what happens after that? Simple. This is the point where you will need to factor in competitors, potential buyers, industry acquisition activity, and your own competitive advantage. Advisors will want to […]

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When selling or transitioning to an insider, pre-sale planning is just as vital as it would be for an outside sale. Insider transactions often involve rewarding a long-time and loyal employee, while also extracting value from the business for your own family and retirement at the same time. In order to ensure a successful transfer […]

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Though many wouldn’t guess it, the transition of your business to a family member can be the hardest transition to pull off. Naturally you would assume that handing off your business to like-minded individuals whom you love, and who love you, would be easier than any other passing of the proverbial torch; however, this is […]

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Often we hear of people leaving their legacy on the world, and in their families, but what does that mean? Leaving a legacy means to hold onto heritage, history, and family identity. What is a simple and ultimately rewarding way to achieve leaving a legacy? Through stewardship. Stewardship is a word that is somewhat outdated […]

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Every business owner knows that longevity, not just short term probability, is the goal of any company. In order to ensure this durability, one must be devoted to creating a business that can last for generations. Business durability and continuity face two key challenges: the loss of an owner and the loss of the company’s […]

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The goal of every business owner is to create more value in his business. The value of your business is important because it determines not only the quality of your life once you leave your company, but also how long it will take for you to be ready to leave. The sad fact is, too […]

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Ask yourself, “Will I prepare my family and business for my exit or will I leave it to the winds of fate?” Often business owners don’t want to address their exit because it may entail giving up control of a company that they have poured their life into building. However, avoiding the topic of exiting […]

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Today, many well-meaning and successful business people are forced out of their businesses by events beyond their control… …making exit planning absolutely imperative for the protection of their businesses. The failure to plan for a transition is the greatest threat to any family business bar-none. Though contemplating an exit forces a person to confront their […]