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Category: Exit Planning

Category: Exit Planning

Retaining Key Employees: One Size Doesn’t Fit All

Thursday, 01 July 2021 by Business Exit Planning
Retaining your company’s key employees is one of the most important steps toward your business’ success. Key employees can reduce your workload, noticeably improve company performance and operations, and act as the backbone of a successful business sale in the future. So, how can you keep these employees on board and engaged as you work
  • Published in Exit Planning

Guiding Your Wealth to Where You Want It to Go

Thursday, 01 July 2021 by Business Exit Planning
When you die, how much money do you want to have to pay lawyers to wrangle the complications of your estate? How about the IRS—how much of your life’s work would you like to hand over to them? And if given the choice, would you prefer a smooth and responsible transfer of wealth to your
  • Published in Exit Planning

5 Ways to Address Deal Killers Before They Kill Your Deal

Thursday, 01 July 2021 by Business Exit Planning
When you set your business up for future success, you can set yourself, your family, and your personal interests up for similar success. But a common problem owners overlook is how to address Deal Killers, which can prevent you and your company from achieving the success you want. Today, we’ll examine eight common Deal Killers
  • Published in Exit Planning

Deal Killers: Catch Them Before They Harm Your Future

Monday, 10 May 2021 by Business Exit Planning
Preparing your business for a successful future often goes hand in hand with preparing your business for a successful sale. No matter whom you sell to—and even if you believe you’ll never sell your business—you should focus on catching Deal Killers. Deal Killers are things that can affect your business’ value and future. Let’s look
  • Published in Exit Planning

5 Aspects of Strong Goals and the Consequences of Missing Them

Monday, 26 April 2021 by Business Exit Planning
Setting goals is a catalyst for success, especially if you’re planning for the future of your ownership and the success of your business. The strongest goals tend to have five aspects that help you guide the process for achieving them. In other words, when you set goals, you want to set SMART goals: Specific Measurable
  • Published in Exit Planning

There’s More to Business Than Money: Values-Based Goals

Monday, 26 April 2021 by Business Exit Planning
Successful business owners often want more than just the maximum amount of money they can get. These owners have deeply ingrained values-based goals that guide why and how they do business. But many of those same owners don’t apply an appropriate amount of weight to values-based goals until it’s too late to achieve them. Some
  • Published in Exit Planning

The Magic Behind Writing Your Plans Down

Monday, 26 April 2021 by Business Exit Planning
For nearly 5,500 years, human beings have written things down. From Hammurabi’s Code and the U.S. Constitution to your personal business plans, writing things down helps people follow rules and best practices, and pursue goals and action items. However, many successful business owners don’t have any written plans they can follow to help them achieve
  • Published in Exit Planning

Walk Before You Run: Phased Planning

Monday, 26 April 2021 by Business Exit Planning
Planning for a successful future without your business is a smart strategy. One of the traps that business owners commonly fall into as they begin planning for their successful future without the business is seeing what they need to do and trying to do everything all at once. However, much like your business didn’t spring
  • Published in Exit Planning

Poor Planning, Big Problems: The Tale of Tom Poor

Monday, 26 April 2021 by Business Exit Planning
“All those years of work are thrown away. To ease your mind is that all you can say? But what about that grandson on your knee? Them railroad songs, Tom would sing to me.” –Robert Plant Many business owners dedicate decades to making their businesses successful. Far fewer owners plan for how they and their
  • Published in Exit Planning

Change Is OK: How Planning Makes You Focused and Flexible

Monday, 26 April 2021 by Business Exit Planning
As a business owner, you manage all sorts of complexity in your work. Goals, expectations, and the people who help you meet them may change. But even though things constantly change, you can still adapt, thanks to smart and focused business planning. After all, if your company couldn’t adapt to change, it likely wouldn’t be
  • Published in Exit Planning
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