Key Takeaways The 2013 (and 2016) State of Owner Readiness indicated that by numerous metrics many business owners have not adequately planned their business exit. Comprehensive and holistic exit planning has many moving parts that requires a dedicated exit advisory team. Exit planning is a… Read More »What We Can Learn About the State of Owner Readiness
Key Takeaways · An owner must determine their own financial readiness to retire: how much money do they need to retire comfortably? · In addition, an owner should understand the current value of their business and correlate that with their financial readiness. · Finally, owners… Read More »The Three Things Every Exit Plan Must Consider
Key Takeaways · For many business owners, personal and business wealth are tightly correlated. · Business owners should devise a plan (and execute upon it) for each of the five stages of Value Maturity to maximize their personal and business wealth. · To optimize results,… Read More »The Five Stages of Value Maturity
Key Takeaways Value creation requires a paradigm shift for many owners in how they manage their companies. A value creation mindset can appeal to both growth-oriented and exit-oriented owners. A value creation mindset can inspire owner-managers to take their businesses in directions… Read More »Value Creation: A Paradigm Shift
Overview Many small and medium-sized business owners start off with two objectives in mind: pay themselves a reasonable wage and minimize taxes. This approach is suitable to a person who is more of a “lifestyle” owner, however, as the business grows a greater focus is… Read More »Value Acceleration and the SMB