Exit Strategies Tactics to max out your end game

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Each day, EndGame Success considers dozens of breaking hard- and soft-news stories, selecting only the most important and reliable for inclusion. Watch for illuminating comments by our curators.

Built to Sell: Creating a Business That Can Thrive Without You


Built to Sell: Creating a Business That Can Thrive Without You - Kindle edition by John Warrillow, Bo Burlingham. Download it once and read it on your Kindle device, PC, phones or tablets. 

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

Highly recommended. This well-written book covers the key issues.

Know When and How to Sell Your Business


Experts say selling a business takes just as much thought and effort as starting it.

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

Good article offers valuable advice. Makes an interesting contrasting comment to other articles about not starting a company with the end in mind (sale), recommending that solving a problem is a better startup reason. The most valuable piece of advice: "Don't Ever Go It Alone"

Startup Exit Strategy Planning: 10 Surprises Buyers Don't Like to See


Potential buyers don’t want to discover anything new that wasn’t previously disclosed, anything that raises any questions, anything at all unexpected. Surprises can cause your potential buyer to reduce their original offer…or even walk away.

Sourced through Scoop.it from: earlygrowthfinancialservices.com

These 10 surprises are valid... and avoidable when you gain the benefit of professional insight as early as possible. When is the best time to plan your end game? When you start the business!

3 Questions You Should Ask Before You Sell Your Business - Huffington Post


Building up a business is a valuable life experience, and selling it is just as exciting. Obviously there is the financial gain, but you can also point to it and say "I made that." But before you put up the virtual "for sale" sign, stop and ask yourself three questions: "What's next?", "How much will I pay in taxes?", and "Can I add significant value by waiting?"

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

Retaining Talented Employees via an Integrated Competency Framework - TalentGuard


Employee retention is one of the largest problems facing companies today. Every organization has its own way of handling the issue, from competitive compensation packages and flexible schedules to interior promotions and regular evaluations. Goals like improved retention, however, are always easiest to meet once they are clearly stated. What does “improved” employee retention look like?

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

Selling your business or not, retention is a key driver of business value.

Want To Sell Your Small Business? How You Define Small Means A Lot


The fact is that the term “small business” has become meaningless. The media and politicians use it to describe pretty much any business that is not trading on the New York stock exchange. If it is smaller than Exxon then they call it “small business”.

A 1-20 business is one that does $1 million or less in sales, has 20 or fewer full time employees and is owner-operated. Selling your 1-20 has a different rule book and you are best served by consulting a professional.

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

Selling your business doesn't have to be one of the toughest things you ever do. Like preventative medicine, you can prevent a host of difficulties with advanced professional planning.

Three Ideas to Boost Employee Retention


Companies that take the problem seriously and implement programs to ensure employee satisfaction have the highest retention rates. “Show me the money” is not the singular solution. While bonuses, stock-options, and flextime are appreciated, what employees really want is some assurance of continued employability. Here are the most popular worker retention strategies:

Sourced through Scoop.it from: switchandshift.com

Even the smallest company will benefit from studies that reveal the most important retention tools. And it's not money.

Use flexible working to improve employee retention and attraction - HR Grapevine


The option to work remotely is a huge factor in employee attraction and retention, yet many are failing to keep staff informed of their options. “There has been a huge cultural shift in the workplace over recent years, which we believe will only continue to grow. As a conference calling service provider, we have seen first-hand how technology has revolutionised the way we do business. These innovations in technology will only continue, facilitating and streamlining the way employees stay connected to their business from any place, at any time.”

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

This report from the U.K. is universal. A key measure of business value is employee retention, and remote work policies definitely improve retention.

Why You Need Key Man Insurance


How do you determine who needs this insurance? Look at your business and think about who is irreplaceable in the short term. In many small businesses it is the founder who holds the company together--he may keep the books, manage the employees, handle the key customers and so on. If that person is gone, the business pretty much stops.

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

The role of key man insurance can be simple or complex in any end game strategy. You'll want to acquire guidance from professionals who have walked the walk many times. Then you'll be able to make a bespoke decision about the value of key man insurance.

Ready to sell your business? Strike before market conditions change - The Denver Post


Over the past several months, a number of business owners have told me that they are ready to sell but haven't pulled the trigger. Most think that if they wait, their business valuations will continue to increase. They are taking a gamble.

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

Key point in this good, short article: "Preparing a business for sale can take six to 36 months, and then another 12 to 18 months to complete the deal. Depending on where you are in the cycle, things can change dramatically during such a time frame." EGS plans for the unexpected. And, we encourage a longer prep cycle for many businesses.

Planning Your Exit Strategy


Steven Covey famously wrote, “Begin with the end in mind,” and he was really on to something. Even if the end of your business is decades away, it’s still beneficial to think about running it like you could sell it someday. You’ll want to plan your exit strategy as early as you can in your business.

Sourced through Scoop.it from: succeedasyourownboss.com

Sage advice, indeed. EGS suggests that professional insight, secured early, is preferred to "inside the box" thinking. Teaming early with a pro is a high payback investment.

Why You Need an Exit Strategy Today - Huffington Post


Maybe you want to run your business until you're ready to retire in your 60's. Perhaps your dream is to pass your business on to your children. Now is the time to really decide which path you'd prefer to take when the time comes.

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

We agree. Now is the time to really decide...

M&A: how to maximize your return when selling your business - Lexology


As a family or private business owner, you know how to sell your product or service. But do you know how to sell the company itself? Prepare in advance so when the time comes, you have more control over the entire sales process. Here are some tips for private owners, whether looking to sell soon or just considering the long-term possibility.

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

This is an insightful article. However, it glosses over the hard work of preparing in advance. The right time to get professional help is well in advance of your intent to sell... years in advance in most cases.

What is The Best Possible Exit Strategy When Looking to Sell Your Business


Selling your business is one of the biggest decisions which you will take in your life. There are many reasons why an entrepreneur decides to sell their business and it’s always best to consider all options and possibilities before you make this decision. It’s best to prepare your Exit Strategy so that you can gain the best possible price for your business.

Sourced through Scoop.it from: www.business2community.com

You are not your own doctor. Why try to be your own expert on the sale of your business? That's our job...

The Exit Strategy Handbook - The BEST Guide for Selling Your Business

For more information, visit http://www.theexitstrategyhandbook.com The United States declared its independence from Great Britain in 1776 and a nation was ...

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

How to Sell Your Business

Anna Barber offers tips on how to identify the best time and ways to sell your business. Anna Barber is a strategy and M&A advisor. Learn more about her at ...

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

Selling Your Business: How to Prepare Your Business for Sale

Roger Whitney talks with Layne Kasper about Selling Your Business: How to Prepare Your Business for Sale. Today there are far more buyers looking for quality ...

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

How To Sell Your Small Business The RIGHT Way!

Ready to sell your business? Don't miss out on money you've already invested! Kerri Salls is the exit planning specialist for small and medium-sized companies ...

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

Make Employee Engagement a Strategic Priority by Focusing on These 4 Things


At Disney Institute, we believe that by intentionally overmanaging – or paying extraordinary attention to – certain critical human resources processes, an organization can create and sustain a workplace culture comprised of highly engaged employees.

According to HR Magazine, employee engagement and retention will be the number one issue for most organizations in 2015. Here are the four interconnected processes that, when intentionally designed and nurtured, can help to create a “culture by design.”

Sourced through Scoop.it from: disneyinstitute.com

Quality article, serious player

How To 10X Your Business And Sell Like A Champion

Chatting With Champions Podcast Interview #89. Tyler Basu and Grant Cardone: How To 10X Your Business And Sell Like A Champion. For show notes and ...

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

Selling Your Business Internally: Ensure Your Legacy Continues


Many business owners would prefer to see their business go to someone they know, such as key employees, partners, or family members in order to ensure that their legacy continues.

There are many benefits of selling your business internally that should not be overlooked:

  • Insiders already know the business, which means less disruption and a smoother transition.
  • Owners can negotiate a level of involvement that fits with their own personal goals.
  • Internal sales may be structured in a more tax-efficient manner that mini­mizes owner risk and keeps more of the proceeds in the seller’s pocket.
  • Loyal partners, employees, or family members are more likely to carry on the seller’s legacy than outside buyers would.

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

BTA's article offers solid advice, invites you to a free seminar and offers a downloadable white paper.