I am now 66 years old. It seems like a strange statement to write here. Where did that time go? I have a grown son and my spouse and I are now empty nesters.
When is a good time to start planning the eventual exit from your business? Simply, you will be leaving your business and hopefully, this will happen in a planned and deliberate fashion.
I have been posting information on creating a business transition plan for your eventual exit from your business and the steps involved in implementing that plan.
Custom remodeling is a challenging and expensive process. In many ways, I compare custom remodeling to elective surgery. Elective surgery is when the patient has a choice regarding the work being done and the timing of the surgery.
True transferable value in a business is determined not by how well you run the business, but by how well your business runs without you. Whether or not you intend to sell your business, effective value drivers increase company value if they contribute to cash flow both during and after an original owner’s departure.
Everyone will exit their business at some point – it is inevitable! And most contractors, with no exit plan in place will simply close their doors leaving years of client good will, established contractor and supplier relationships,
In my last blog entry, I wrote about creating company transferable value. Transferable value, for a closely held business is most simply what a business is worth to someone else without its original owner. Transferable value should not be confused with profit.
Everyone will exit their business at some point – it is inevitable! And most contractors, with no exit plan in place will simply close their doors leaving years of client good will, established contractor and supplier relationships,
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