Blog Library

Gaining Closure After Selling a Business

Posted by Jane Johnson on Tue, Jun, 14, 2016 @ 12:45 PM

Euphoria, exhilaration, and relief are probably the emotions that most business owners expect to feel after selling their businesses. After all, this is the day they have long been waiting for; they have likely spent years anticipating the way life will be once they have sold their company and moved on.

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Topics: exit plan, business transition planning, selling your business, sell my business, preparing for retirement, planning to sell your business, closure after selling business, seller's remorse

The Best Gift a Business Owner Can Give: Contingency Planning

Posted by Jane Johnson on Wed, Nov, 18, 2015 @ 03:47 PM

As a business owner, are you prepared for the unexpected? Whether it is a serious illness, incapacity, accident, or untimely death, will your business be able to continue on without you? Not sure? Then, you need a contingency plan.

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Topics: exit plan, contingency plan, business transition, business transition planning, contingency planning

Not Surprising … Majority of Business Owners Are Not Prepared for the Future

Posted by Jane Johnson on Thu, Nov, 05, 2015 @ 02:30 PM

A recent survey of American baby boomer business owners shows that they are not prepared to transition the ownership of their businesses to others1:

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Topics: exit plan, transition planning, business transition, business owners planning, baby boomer business owners, business owners not prepared

Exploring the Benefits of Internal Business Transfers

Posted by Jane Johnson on Fri, Oct, 30, 2015 @ 11:30 AM

A recent article in National Driller magazine, “How Can a Driller Ever Retire? ESOPs May Help,” highlights the fact that business transitions are an issue across industries in the U.S. And while many people think they may sell their businesses externally, an internal transfer or sale may provide a better option for owners to achieve their financial and non-financial long-term goals. 

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Topics: family business planning, Selling Your Business Internally, Internal Transfers, exit plan, Family Business Transfer, ESOP, Employee Stock Ownership Plan

Lessons Learned: Which Business Transition Option Should I Pick?

Posted by Jane Johnson on Thu, Aug, 27, 2015 @ 11:31 AM


Having options is always nice. Choices broaden our opportunities. But they can also confound us immensely. We don’t want to live in a chocolate-and-vanilla world, but we can stand in front of the ice cream counter at Baskin-Robbins and stare at 66 flavors for 10 minutes and still pick our one favorite.

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Topics: Selling Your Business Internally, exit plan, selling your business, Leveraged Management Buyout, business transition lessons learned, selling my business, ESOP, Employee Stock Ownership Plan, business transition case study

Business Transition Lessons Learned: Get Me Outa Here!

Posted by Kathy Richardson-Mauro on Thu, Jul, 23, 2015 @ 09:00 AM

This story of one business owner, who thought he wanted to sell his business so he could have more free time, but found out that the business he had built was more intertwined with his personal identity than he realized. His story underscores the importance that an owner be mentally prepared to exit his business, separating himself from the business, or finding another cause where he can use his talents.

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Topics: exit plan

Is Your Business Your Personal Piggy Bank?

Posted by Jane Johnson on Tue, Mar, 17, 2015 @ 10:01 AM

 

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Topics: business transitions, exit planning, business owner transition, baby boomers, baby boomer businesses, exit plan, business owner

It's Starting! Baby Boomer Retirement Is Number One Driver for Business Sales

Posted by Jane Johnson on Thu, Apr, 18, 2013 @ 10:58 AM

For the first time, baby boomer retirement is the number one reason driving business sales for the Main Street (companies with values < $2 million) and lower middle market (companies with values between $2 million and $50 million) sectors, according to the fourth quarter 2012 Market Pulse Survey Report by the International Business Brokers Association (IBBA) and M&A Source.

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Topics: exit strategy, exit plan, selling a business