Succeeding at Succession Planning

I recently watched a friend prepare for an ocean-going sailing trip. With three others he intended to captain a 35-foot sailboat from New York to Bermuda, an approximately 1,500 mile, roundtrip voyage. While none of the crew had ever before made this exact voyage, each was a seasoned sailor with complementary skills. Further, they packed… [Read the full article]

Planning Your Exit? Read This First

Exiting your business is often about a lot more than exiting your business. For one thing, it’s about helping you obtain maximum value at the time of sale. Comprehensive wealth-planning factors such as cash flow analysis, stock options, tax minimization, and retirement planning should be part of your exit plan.  Where’s the Money?  When most small- to mid-sized business owners begin to seriously… [Read the full article]