Third-Party Sales: Perceived Pros Think about some of the most successful . Whether it’s Facebook buying Instagram for $1 billion or Google offering to buy Snapchat for $30 billion, a common presumption that business owners make when considering a third-party sale is that they can make the most money by selling to a third party. Typically, they’re correct: Of all Exit Paths, third-party sales tend to provide business owners with the most money the mo...
Successful small and mid-sized businesses usually share a few common elements. First, they’re headed by owners who shoulder most of the important burdens. Second, they must . Third, when owners realize that they must change their already-successful businesses to make them even better, they either or rush to action. Lets look at owners like ...
The fourth element of a successful Exit Plan is to know what your company is worth. To accomplish this, you should retain (if you haven’t already) a valuation specialist to give you and your advisors a good idea of what your company is worth. As you know, any Exit Planning Process should be owner-based. Its foundation is your goals—one of which is how much money you want when you leave your company. The other part is k...
For many business owners, building a company often takes a lifetime of dedication, hard work, and relentless passion. However, there will come a time when the torch needs to be passed, either by selling the business, passing it to heirs, or perhaps merging it with another enterprise. This process, often referred to as ',' requires the same level of meticulousness and forward-thinking as building the business itself. For busin...