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One of the most important elements of a successful business transition is transferable value. No matter what an owner sees for the future of the business, transferable value can be the common denominator that makes all goals more achievable. What is Transferable Value Transferable value, for a closely-held business, is most simply what a business […]

Business Growth, Exit Planning, Family Business

Where Does Transferable Value Comes From

September 2, 2022

At their core, successful business owners like you are builders. Whether you founded your business, or purchased one and took it to new heights, doing it yourself runs through your veins. Why, then, would you need professional help to plan for a successful business future? We could go on and on about all the reasons […]

Business Growth, Exit Planning

4 Reasons Why Planning for a Successful Future Isn’t DIY

August 23, 2022

When planning for the future, you have a wealth of options related to who should continue to run your family business. Many business owners’ plans fall short because they are unaware of the many options, they have available to them and the pros and cons of each path.  One common exit path is a family […]

Exit Planning, Family Business

Should you leave your business to your Family?

August 22, 2022

It is safe to say 2020 was full of surprises. Some businesses thrived, while in other areas jobs were lost, companies were forced to go under, and we even lost loved ones along the way. Many businesses were affected by the pandemic in some way or another. According to a survey conducted by the PNAS […]

Business Growth, Exit Planning

What Did We Learn from 2020?

August 16, 2022

As an owner of a successful business, it’s likely that you got where you are today through efficient planning. You may have planned out your business model, your competitive advantage, or your target customers and how you’d get them to use your products or services. However, you didn’t get where you are today overnight. It […]

Exit Planning

Planning When You’re Too Busy to Plan

May 31, 2022

Myth: “My CPA will tell me when it is time to start planning for my business transition.” (Replace CPA with “attorney,” “financial planner,” or “insurance professional” and the myth remains intact.) Fact: Your advisors, be they CPA’s, attorneys, Financial or Insurance Professionals, may not initiate planning discussions primarily because you have not told them you […]

Exit Planning, Family Business

Exit Planning Myths

May 10, 2022

Most, if not all, business owners have been approached by at least one of their advisors with the ever-popular question, “What would happen to your business if you died or became disabled?” Few business owners fail to recognize this question for the thinly-veiled pitch to buy insurance that it is. Our goal is not to […]

Business Growth, Exit Planning, Family Business

Continuity of Ownership

May 10, 2022

The strongest businesses often have written plans for how to address unexpected events and mitigate risk, known as business continuity instructions. Their owners ask questions like, “What happens if a co-owner or I die?”, “How do we protect key employees from competitors?”, and “How do we address interruptions in our supply chain?” Here are three […]

Business Growth, Exit Planning, Family Business

Business Continuity: Is Your Business Built on Sand or Stone?

April 11, 2022

It’s interesting how many times what I do is confused with a Business Broker. People hear Exit Planner and they assume I help them sell their business. Well, I do and I don’t. In this 4 minute video, I break down exactly what Exit Planning is and why it’s vital to your successful transition out […]

Business Goals, Exit Planning, Family Business

What is Exit Planning

April 4, 2022

The Exit Planning process should begin by determining your goals and objectives such as: The income you and your family will need after you leave the business; and Who you wish to transfer the business to — whether it is children, key employees or others. And, Exit Planning involves the determination of business value and […]

Exit Planning

Estate Planning or Exit Planning?

March 22, 2022

“12 Questions Your Business Must Answer To Prepare For Exit”

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