It’s time to discuss family succession. In Part One of this series we looked at exit strategies that aren’t really available to small businesses, and in Part Two we discussed selling to a third party. Now let’s talk about the … Continue reading → The post Family Succession: Exiting a Small Business Part 3 appeared Read more about Family Succession: Exiting a Small Business Part 3[…]
Selling to employees is one method of transition that is growing rapidly in popularity. Usually the driving motivation is a desire to help the people who got you this far enjoy some of the benefits of ownership, but there is … Continue reading → The post Selling to Employees: Exit Planning for Small Business Part Read more about Selling to Employees: Exit Planning for Small Business Part 4[…]
Why would you be exit planning in a crisis? At the height of the economic expansion (a few months ago in late 2019) I was reviewing a company’s financial statements. Their sales were stagnant, and profits were minimal. The post Exit Planning in a Crisis appeared first on Awake at 2 o’clock?.
Quarterbacking is a popular term when exit planners are talking to clients. It’s supposed to invoke a vision of someone who is in control. Think about a Tom Brady, Aaron Rodgers or Patrick Mahomes standing tall in the pocket, surveying … Continue reading → The post Quarterbacking is Not Exit Planning appeared first on Awake Read more about Quarterbacking is Not Exit Planning[…]
The beginning of a new year is a great time to review your Exit Planning Checklist. All business owners will stop being business owners at some point. So, there is no better time to begin planning for the inevitable than … Continue reading → The post Exit Planning Checklist for 2020 appeared first on Awake Read more about Exit Planning Checklist for 2020[…]
There is ample evidence in the marketplace that Baby Boomers’ influence is still powerful. From walk-in tubs to stand-up bikes, and from pharmaceutical commercials to river cruises, Boomer tastes are catered to in every market. We all know the sterotypes … Continue reading → The post Baby Boomers’ Influence – Still Strong appeared first on Read more about Baby Boomers’ Influence – Still Strong[…]
I’ve been meaning to share this review for a few weeks. Martin Zwilling is the founder of Startup Professionals and a contributor to Forbes, Business Insider, Inc. Magazine, The Huffington Post and Entrepreneur. The post They Called it a “Classic!” appeared first on Awake at 2 o’clock?.
Owners ask all the time, “Why Plan Now?” “I’m not planning to leave my business for years. I feel good, and I still enjoy my business. The post Why Plan Now? Exit Planning for Small Business appeared first on Awake at 2 o’clock?.
As I interact via Zoom and telephone with clients, family and friends, I keep thinking of H.G. Wells’ The Time Machine. The post Morlocks and Eloi and the Virus appeared first on Awake at 2 o’clock?.
Several friends have sent me a picture of an EBITDAC coffee mug this week. As it states, EBITDAC stands for Earnings Before Interest, Taxes, Depreciation, Amortization and Coronavirus. Will this be the new measure of cash flow for valuing your … Continue reading → The post EBITDAC : What is Your Business Worth Now? appeared Read more about EBITDAC : What is Your Business Worth Now?[…]