Business owners working on exit planning and maximizing the value of their company for sale often take a wrong turn. Litigation is a nightmare. When we work with owners to sell their companies and advise on the value-building process, we find they are sometimes destroying business value without realizing the extent of it. We are […]
Optimizing the sale of your company should not be a DIY undertaking. A business sale is complicated, not a do-it-yourself activity. This is not like selling your home. Business owners can and do a lot themselves, we all do. The riskiest thing you can do: The most complex transaction you will ever likely engage in […]
Exit planning now?? Yes, for most businesses, this is probably the toughest year over the last few decades. The recession 12 years ago was devastating but 2020 has been a catastrophe in many more ways. Yet, coming up with an exit plan is more important than ever. “Should I sell my business now?” We have […]
Have you gotten this phone call, regardless of where you are in your exit planning? During challenging, tumultuous times, this call comes from many corners. Some are legitimately interested, some are fishing, some are trying to take advantage. It may or may not be the right timing for your exit planning. Over the last few […]
Relax and Enjoy These Tourist Sites, Zoos & More Until You Can Get There!! Tourist Destinations • Buckingham Palace, London – https://www.royal.uk/virtual-tours-buckingham-palace • Colosseum, Rome – https://tinyurl.com/thrprzfhttps://www.youvisit.com/tour/machupicchu?pl=f • Northern Lights – https://explore.org/livecams/aurora-borealis-northern-lights/northern-lights-cam • Pyramids – https://www.tripsavvy.com/virtual-field-trip-pyramids-1259200 • Stonehenge – https://tinyurl.com/wz3xgz7https://streetart.withgoogle.com/en/ • Taj Mahal, Agra, India – https://tinyurl.com/qpz7vmthttps://www.thechinaguide.com/destination/great-wall-of-china • Tour of Rome, Italy – https://tinyurl.com/s5vlzbc General Sites • Berliner Philharominker – https://www.digitalconcerthall.com/en/home • ExoPlanets […]
Relax and Enjoy these Museums – Until You Can Get There World Museums • Anne Franke Museum, Amsterdam, Netherlands – https://www.annefrank.org/en/museum/web-and-digital/ • British Museum, London – https://britishmuseum.withgoogle.com/ • Guggenheim, Bilbao, Spain – https://www.guggenheim-bilbao.eus/en • Hermitage Museum, St Petersburg, Russia – https://www.youtube.com/watch?v=49YeFsx1rIw&feature=youtu.be • Louvre Museum Paris – https://www.louvre.fr/en/visites-en-ligne • MASP, Sao Paolo, Brazil – https://masp.org.br/en • Met Museum, New York – https://www.metmuseum.org/art/online-features/met-360-project • […]
As I noted in my last blog, we all need to address the urgent. At the same time, we also must get creative. And that creativity may very well save your business, preserve value and help you grow as quickly as you might have had the COVID-19 crisis not happened. You really can and should […]
You need to address the urgent needs of keeping your family safe and healthy. You need to address the critical issues around employees, payroll, managing your cash and other realities of the current crisis. Period! Absolutely! If you haven’t spoken to your bank about the financial relief bills that congress is about to pass, call […]
Family Business Succession Are your children ready to take over your business? The answer I usually get is something like “No, she has only been in the business for 10 years, she’s not ready to run a business.” Or, “He will get it eventually, but there is no rush.” Exit planning and succession planning are […]
My Business is Worth HOW MUCH?!?! The Problem When we present a valuation to our clients, they are usually horrified. The value is most often nowhere near their expectations or needs. The disbelief and devastation are apparent. Why is this? Business owners do not have a full understanding of what drives business value. Research says […]