What’s your exit strategy? From Tony Robbins’ Business Mastery

Do you run your business like you could sell it? Or are you on a course to crash and burn?

Sourced through Scoop.it from: www.youtube.com

I like this short video from powerhouse motivator Tony Robbins. So I’m sharing it as a kick in the pants if it applies to you. EGS is ready to build and implement your clear exit strategy beginning with a courtesy consultation.

Impact of Tax When Selling a Business – Google Partner Team-The Trusted Google Experts

The tax implications happen at two levels. The first level is the tax consequences preparing the business for sale. The second level is the impact on taxes when the business moves from the current owner to the buyer.

Sourced through Scoop.it from: googlepartnerteam.com

Tax implications usually come near the end of all other exit strategy thinking. But tax should be up front. You need expert help and you can get it at EGS beginning with a no-cost consultation.

Aging small-business owners unprepared for retirement: survey

The majority of [Canadian] small-business owners don’t have a detailed retirement plan in place despite little interest in expanding their business, according to recent study conducted on behalf of Toronto-based Canadian Imperial Bank of Commerce. In fact, 78% of aging business owners haven’t prepared any sort of formal plan to prepare for an upcoming retirement or in the event of an unexpected emergency, the report says.

 

Sourced through Scoop.it from: www.investmentexecutive.com

What happens in Canada doesn’t stay there. This Toronto bank-sponsored report is quite accurate for small U.S. businesses, as well. EGS stands ready to help, beginning with a complementary consultation.

How to Sell Your Business – Transition360 Business Development & Broker

One size does not fit all…
Every company is different, so as a result various phases are used depending on the need to optimize the value and the transition of a business from the owner to the buyer with little or no stress.

Sourced through Scoop.it from: www.transition360.com

Here’s a quick but clean view into the selling process from a Seattle agency. We’re particularly fond of the short section on Exit Planning. It’s some of what we do best at EGS.

Biz Tips: Planning a Successful Exit from Your Business

Bob Gellman

Bob Gellman details how business owners can grow and protect the value of their business, transition that value into personal wealth and then grow and protect that wealth for this and future generations.

Sourced through Scoop.it from: www.cbiz.com

Strong video insight and advice from a celebrated consultant. Take 6 minutes to watch, then call me (Alan Mischler) or Bob to gear up for a successful exit.

The four essential questions CEOs must ask before hiring a part time CFO

Prior to onboarding a part-time CFO, companies can prepare all tasks that less experienced personnel would be able to handle. For example, migrating the company’s financials to an accounting system. This will free the part-time CFO up to immediately dig in and spend their time on high-impact initiatives, such as building out the internal finance team, connecting with investors, analyzing bolt-on acquisition opportunities, and developing exit strategies.

Sourced through Scoop.it from: thenextweb.com

Good insight and advice in this article. At EGS, our Lease a CFO program is ready to tackle your specific situation.

What is Exit Strategy Planning?

What is exit strategy planning? The definition lies within the exit planning process of preparing a business for sale or transfer while maximizing enterprise value.

Sourced through Scoop.it from: exitpromise.com

OK, here’s an Exit Planning 101 article for folks embarking on the voyage for the initial time. Good content if you are completely green on this important topic. EGS can take it from here.