Exit business strategies Archives

Questions Owners Ask About Business Valuations

Overview of small business valuations A lot of small business owners start planning their exit...

Retiring Boomers And Their Impact In Small Business Transition

We are currently in the midst of the silver tsunami. That is, entrepreneurs aged 55–73 years old who are part of the Baby Boomer generation, are now retiring from their businesses or are currently in the stage of transitioning their businesses.

Does It Make Sense To Sell Your Business To A Competitor?

Selling a Business

Preparing to sell your business can be an emotional rollercoaster ride, and the last thing you may consider during this time is selling your business to a competitor.

Why I Started ExitGuide

ExitGuide, Planning

In the spring of 2020, I heard a story on the radio about baby boomers that want to retire yet are struggling with exiting their small businesses. As an entrepreneur, this struck me as odd – how can this be an issue? A few hours later I was searching online for more information and was shocked at the magnitude of the issue.

Business Continuity Plan

Definitions, Personal

No one expects it but unforeseen circumstances do happen and cause major disruptions to your ability to run a business. So if these situations happen, do you have a plan?

7 Things To Consider Before Passing A Business On To A Family Member

Alternatives to Selling, Personal, Planning

Passing a business down to a family member can be an occasion for celebration for the business owner and the family, there are several considerations the business owner has to keep in mind to make this process as streamlined as possible.

3 Questions To Ask To Tell If Your Business Is Too Closely Tied To Your Personal Life

Personal

If you feel as if your life and business are intertwined, that’s probably because they are.
As a result, it might be difficult to distinguish between the two. Failing to establish clear boundaries between your business and personal lives can have a substantial influence on both.