Growth To Exit Blog

When you have been running your own business for years, one of the things that you probably always keep in the back of your mind is who is going to become the successor after you retire. If no one in your family is interested in taking over your company, and your kids do not want to be part of it either, then you have to find yourself a suitable buyer. Regardless of whether you built the...

Corporate succession is one of the most defining moments in the history of a family business. Many parents and grand-parents that have built family businesses from scratch, hope that one day, their lives’ work will pass down to their children and their children’s children, and their legacy will stay alive even after they retire.

This is, however, not always the reality, as surveys...

^{“People with clear, written goals, accomplish far more in a shorter period of time than people without them could ever imagine.” ~ Brian Tracy}

One of the main concerns that buyers have when they are thinking about buying your company is its consistency and predictability after the transaction.

What does that really mean?

Buyers are usually worried that when there's a change...

You spent a lifetime making mistakes and learning how to be successful in your chosen field or industry. Through trial and error, you learned how to monetize your business and establish your brand in the marketplace. Revenues and profits are stable and you may be thinking about the next step for your company – either succession to the next generation or a liquidity event.

But do you know...

Timing is everything.

It’s a saying we have all heard before and when it comes to running a business, it rings truer than ever. Proper timing can mean the difference between success or failure. You invested a great deal of thought and planning into starting your business and growing it into a successful enterprise.

When you want to sell your business or pass it on to the next generation,...

"There are no secrets to success. It is the result of preparation, hard work, and learning from failure." ~ Colin Powell

You have spent countless hours, sleepless nights, and won hard-fought battles to grow your company. You are the first person to laugh if anyone calls you an "overnight success." Success is the reward for bringing your vision into reality.

But do you know how to...

When you own a business that provides a service or product, you know the importance of timing. You have probably experienced a mistimed product launch or a delayed service opportunity. With the perspective of time, you can probably look back on those "mistakes" and identify the lessons you and your team learned.

Timing also applies to the sale of your business. 

Many business owners wait...

Life is unpredictable and, many times, uncontrollable. Sudden death of a business owner can throw the company into turmoil. Divorce and the subsequent division of assets can disrupt the life cycle of a business. A stroke or other disability of the founding owner causes disarray in the strategy, relationships, and, ultimately, the revenue of the business. Natural disasters and internal...