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 [...]
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 [...]
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 [...]
