Sooner or later, every business owner exits their business eventually, 100% guaranteed. However, most business owners leave value on the table when they exit their businesses. The lack of proper exit planning forces most owners to sell their business because of the Dismal Ds: Death, Disability, Divorce, Disagreement, Distress, and…
In the ecosystem of private business ownership, professional advisors often encourage exit planning, but few business owners adopt it. Moreover, fewer small to medium businesses (less than $20M in revenue) learn from strategic business planning at mature enterprises. Why? Does strategic planning not apply to small business owners? What is…
Whether you’re thinking of selling your business or you’re looking for growth, there are many reasons you may need to evaluate the economic worth of your business—in other words, when you need a business valuation. As you might imagine, determining the value of a business isn’t simple—it requires accounting for…
