Posts Categorized: Exit Planning

The Process of Selling Your Business Has Already Begun

When you started your business, it was probably obvious that you needed a plan. It may be less obvious, though, that when you leave your business, no matter how you do it, you’ll also need a plan. The reality is that every action you take during the life of your business has an impact on… Read more »

Where Does Transferable Business Value Come From?

One of the most important elements of a successful business transition is transferable value. No matter what an owner sees for the future of the business, the transferable value can be the common denominator that makes all goals more achievable. What is Transferable Value? Transferable value, for a closely-held business, is most simply what a… Read more »

Smoothing Out Friction Between Business Owners

  All business partnerships eventually come to an end when one or more partners leave the business, whether by choice or otherwise. Being prepared for the end of the partnership decreases the possibility of unwanted challenges between co-owners down the road. Common Reasons Why Partnerships End Co-owners share a unique relationship. They have built a… Read more »

How to Be Sure You Are Leaving Your Business in Good Hands

Most business owners are considering several options for the future of the ownership of their businesses. If you’re keeping your options open, that is typical. But business owners who end up selling their businesses to an outside, unrelated buyer often report that they wish they had known more about what the sale process would be… Read more »

Thinking of Selling Your Business to an Employee?

Thinking of Selling Your Business to an Employee? Whether it’s because you want to keep the business “in the family” or because you suspect you will not be able to find a good buyer for your business, you may be thinking of selling your business to an employee. The first thing to think about is the kind of employee… Read more »

Which Planning Process Is the Best Fit for You?

Which Planning Process Is the Best Fit for You? Planning for a successful future isn’t homogenous. It simply can’t be. The needs that you and your business have are likely to be different from every other owner and business out there. So, the question you might ask about planning for future success isn’t, “How should… Read more »

It’s Time to Exit. Are you Ready?

Thinking about whether or not you are ready to exit is an important question.  It’s something that every business owner will have to address at some point.  Importantly, you don’t want to wait until the 11th hour to prepare to sell your business.  There are far too many pieces in this particular puzzle to wait… Read more »

10 Questions To Ask Yourself About Your Business: Part 1

  After over 160 episodes of Built to Sell Radio and more than 20 years interviewing and researching entrepreneurs, John Warrillow, host of Built to Sell Radio and five-time entrepreneur, shares the 10 questions all business owners and entrepreneurs need to be asking themselves — whether they are ready to exit their company or not…. Read more »

3 Ways to Position Yourself and Your Family for Future Success

3 Ways to Position Yourself and Your Family for Future Success Many business owners support their families through their businesses. If something were to happen to you, such as a sudden death or permanent incapacitation, it may affect both your business and the lifestyles of the people who rely on you. Here are three things… Read more »