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So far wmcharg has created 8 blog entries.

DIY vs Expert Planning

2018-06-10T14:25:51-05:00

Some business owners believe that once they understand the basic Exit Planning process, they can develop and implement their Exit Plans by themselves. They feel that the idea of bringing in a team of professional advisors is both time-consuming and expensive. After all, they’ve built a successful business, why can’t they do an Exit Plan [...]

DIY vs Expert Planning2018-06-10T14:25:51-05:00

Common Errors of Omission in Business Continuity Arrangements

2018-06-10T14:27:33-05:00

Business continuity and buy-sell agreements go hand-in-hand. For many advisors a buy-sell agreement is business continuity planning. Indeed, buy-sell agreements are a staple of business continuity planning, but they are only one part of that planning. Today we’ll look beyond buy-sell agreements and discuss the planning omissions that can be fatal to the continuity of [...]

Common Errors of Omission in Business Continuity Arrangements2018-06-10T14:27:33-05:00

Begin with the End In Mind

2018-06-10T14:28:54-05:00

The Importance of Establishing Goals “To will is to select a goal, determine a course of action that will bring one to that goal, and then hold to that action ‘til the goal is reached. The key is action.” –Michael Hanson Philosophers, business owners, and successful people from all walks of life appreciate the importance [...]

Begin with the End In Mind2018-06-10T14:28:54-05:00

Common Problems With Business Transfers to Children

2018-06-10T14:30:06-05:00

Many business owners instinctively gravitate toward transferring ownership to their children.  However, they must be mindful of the common, sometimes devastating, problems that go along with a transfer to children.  While disagreement in third-party sales and sales to management can affect owners' business lives, those same disagreements can have wide-ranging effects on the personal lives [...]

Common Problems With Business Transfers to Children2018-06-10T14:30:06-05:00

How to Sell Your Company for Top Dollar

2018-06-10T14:31:02-05:00

There is no more important concept in Exit Planning than that of transferable value. Transferable value is how much your business is worth to buyers without you. The characteristics that buyers demand to pay top dollar for your business we refer to as Value Drivers. As the owner, if you are vital to any one [...]

How to Sell Your Company for Top Dollar2018-06-10T14:31:02-05:00

Why Business Owners and Advisors Must Set an Exit Date

2018-06-10T14:32:44-05:00

Avoiding the Rolling 5-Year Exit Plan After Miles told Sally that he wanted to do something to make sure that he could leave his business on his terms, Sally asked him an important question.  “Have you decided precisely when you want to exit your business?”  Miles sheepishly slid his BEI Value Driver Analysis across the table [...]

Why Business Owners and Advisors Must Set an Exit Date2018-06-10T14:32:44-05:00

What Is Your Business Worth?

2018-06-10T14:33:32-05:00

Common Assumptions: Most owners base their estimates of their businesses’ value on prices they’ve heard quoted for similar businesses. Additionally, many owners tend to overvalue their businesses, which prevents them from growing value and often leads to a rocky exit at best. Building business value often takes years, so it’s important for owners to understand [...]

What Is Your Business Worth?2018-06-10T14:33:32-05:00

Keeping it in the Family

2018-06-10T14:35:19-05:00

Sticking With What You Know: Benefits for Business Owners As we’ve discussed throughout this series, The BEI Seven Step Exit Planning Process™ is a proven process for several types of ownership transfers, including sales to outside third parties and transfers to management. Some of the benefits for owners who use the Process to transfer ownership [...]

Keeping it in the Family2018-06-10T14:35:19-05:00

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.