How the Size of a Business Affects an Owner’s Exit Options

Reading Time: 5 minutesHow the Size of a Business Affects an Owner’s Exit Options – Business exit strategies are not a one-size-fits-all opportunity. In reality, the size of a business — measured by revenue, profits, employees, and market position, for example — plays a major role in determining what exit paths are truly viable to an exiting business owner. From micro-businesses to middle-market companies, each business category offers different opportunities, challenges, buyer pools, and valuation dynamics. This article highlights how the size of a business impacts its’ exit options. Understanding these distinctions helps…

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A Strategic Approach to Succession Planning – How To Create a Family Business Succession Plan

Reading Time: 5 minutesFamily businesses are a cornerstone of the US economy – contributing significantly to generational wealth, job creation, and local markets. One challenge all family businesses face is succession to the next generation. Without a thoughtful and well-executed succession plan, even the most successful family enterprises can struggle to transfer the business to the next generation. Creating a sound succession plan not only ensures that the family business continues to thrive, but that it also preserves profitability, family harmony, and legacy.  According to an Ernst & Young Global Family Business Study,…

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