Monthly Archives: September 2013

Is it too late to put your business for sale

What Positioning Strategies Could You Use Before Transmitting/Exiting your Business? “If we keep doing what we’re doing, we’re going to keep getting what we’re getting.”– Stephen Covey We have seen in a previous post the process you should follow before exiting your company.  You should first look at your personal goals and how much money Read More

8 Ways to Escape From Becoming Another Family Business Statistic

The truth is many businesses have family members working inside the company.  Does that make the company a “family business”? There are many studies that show that family businesses go the way of the dodo bird after the second and third generation. Clients need to make a clear distinction: it doesn’t matter if there is Read More

Transitioning Out of a Business? What Process Should you Follow?

Transition planning is a multi-discipline process, which can last 2 to 4 years, with at its centre the business owner: continuing to run its day to day business, maximising its value, managing his family’s expectations and relationships, trying to optimise the tax burden for his heirs, himself, the new business owner and the business itself, Read More

Do you Know When and How you will Transition Out of Your Business?

If you do not have a written plan you cannot answer these questions! A plan to transition out of your business is a comprehensive roadmap  asking  and answering all the business of personal, financial, legal and tax questions involved in transferring a privately owned business.  It includes contingencies for illness, burn-out, divorce and even the owner’s Read More