You have worked to grow your business, and you are ready to think about an exit strategy – first, congratulations! Your hard work and dedication should not go unnoticed, and you deserve to exit with a solid plan to take you to the next chapter of your life. When it comes to selling your business,…
This is a guest post written by Chris Caldwell, CFP®, AIF®, AEP®, ChSNC®, CRC®, MBA, Partner, Highland Trust Partners. It is a normal Wednesday afternoon at your business when you receive a call that could change your outlook on life. On the other end is a person representing a buyer of businesses similar to yours…
Every business owner has a big dream of selling their business and heading off to see the world. The problem is there’s very little planning that’s been done, leaving the business owner uncertain about the future. Many business owners fall into the trap of the “rolling five years” saying, “I’m planning to retire five years…
Every business owner has a big dream for their business and wants to make it happen. The problem is many business owners don’t have a clear strategy of how we’re going to transition the ownership and management of the business to another party because we’ve done no planning. We have our heads down working in the business…
A successful business exit can be a complex and daunting process. There are many factors to consider, such as the value of the business, the best way to sell it, and how to ensure a smooth transition. That’s why it’s essential for business owners to consider following these three major steps. One of the best…
Host Bill McDermott welcomed two accomplished entrepreneurs to this edition of ProfitSense with Bill McDermott: Barry Adams, Peachtree Awnings, and Marika Ponton, Office Angels. Barry shared how his inspiration for starting his business was to “make people smile” and how that mission guides both their work and care for their associates. He also talked about associate…
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