Gene Friedman, better known as the “King of Taxis” in New York City, had it all just a few short years ago. He really did. He owned more than 900 taxi cab medallions, EACH worth more than $1,000,000. Life was good. Then it happened. It didn’t seem...
One way or another… you are going to leave your business. It is a sure thing. 100% guaranteed. Just like death and taxes! How handsomely you reward yourself on that occasion depends on the strategy (better known as an “Exit Plan”) you put into motion...
Question #1: How much money do you need to exit the business? At first glance, this sounds like an easy question to answer, but as you dig deeper into what makes sense for you as you leave your business, the answer gets much more complicated. For example, even if you...
There comes a time in nearly every business owner’s life when it’s necessary to put a price tag on the value of your company. Maybe you’re selling. Maybe you’re buying. Maybe you’re adding a partner or investor. Or maybe you’re adding an employee stock option plan....
As a business owner, you need to be prepared when opportunity strikes. Or when the unthinkable happens. The two most common reasons owners unexpectedly sell or exit their business is getting approached with an unsolicited offer; or having a health scare (e.g., heart...
Business owners have lots of questions when it comes to selling their business. Here are the ones I hear most frequently and ones that you should get answers to before deciding to sell your business… * What is my business REALLY worth? * How can I find the right buyer...
