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How to Sell a Business: Why Entrepreneurs Need to Have an Exit Strategy

For most entrepreneurs, the thrill of the beginning is addicting. The idea of taking an idea, something so small and abstract, and then turning it into a full-fledged and functioning business is invigorating. Sometimes this feeling can be so exciting, though, that it causes entrepreneurs to lose sight of the end of the road.

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

EGS takes pleasure in discovering our core beliefs embedded in the thinking of new groups. Here’s a case in point, and it’s a quick read. Will it prompt you to pick up the phone and call EGS for a courtesy consultation?

Preparing your small business exit strategy

The key to successfully selling your business is to devise an exit strategy… to help you decide how much money you can make from a profitable business or how much of your initial investment you can retain from a struggling business.

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

Solid insight. Worth a quick read. And a free consultation at EGS.

The Importance of Exit Planning for Small Business

It’s estimated that 75 percent of business owners regret selling their businesses within the first year.

Sourced through Scoop.it from: northbaybiz.com

The writer of this article is my mental doppelganger. He’s on the West Coast and I’m on the East Coast. Absorb his sage insight, then give him or me a call to get your exit planning ball rolling.

Accounting Management Solutions – Five Tips for Creating Your Family Business Succession Plan

Family businesses are the backbone of the American economy,  accounting for 50 percent of the US gross domestic product. They are also responsible for 60 percent of the nation’s employment and 78 percent of new jobs created. With so much at stake, it is troubling to read the results of a CNBC Poll that found that only 20 percent of family-owned business owners had any succession plan in place to ensure a smooth management transition.

Sourced through Scoop.it from: amsolutions.net

Keen insight here. What’s Next for your family business? Contact EGS for a custom evaluation beginning with a courtesy consultation.

11 Steps Every Entrepreneur Should Consider When Preparing for an Exit

These actions will help you avoid leaving money on the table when selling your business.

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

Worth repeating for the new year. Here’s a fresh spin on exit decision making for entrepreneurs and small business owners. If any of this resonates with you, contact EGS to move the ball forward.

The sweet taste of succession planning | Virginia Business 

Planning the next steps for your company helps ensure stability for your brand and its stakeholders and can also provide a source of income for your family. By outlining next steps through succession planning, you can stay ahead of the competition and maintain the legacy of your family business.

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

Written with the wine industry in mind, this succession planning argument rings true and provides incentive to get your exit plan up to snuff. Vintage stuff? You be the judge. Or contact EGS to get it right. We’ll toast together for 2018.

Why Must Business Co-Owners Collaborate on Exit Plans

Business co-owners cannot successfully exit if their goals are incompatible. Goal compatibility can only be achieved with co-owner alignment.

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

Navix Consultants in Atlanta offers keen exit insights for companies that have co-owners. Good content here, but contact EGS for a courtesy consultation to get the ball rolling. We’ve helped many co-owned firms.

Killer Company Exits Illustrates the Big Leagues

To help you see how others (the 1%) have succeeded in successfully exiting their companies, we have gathered some of the most successful (and interesting) company exits of 2017. Enjoy.

Sourced through Scoop.it from: www.slideshare.net

Here’s a slide show portraying exits for some of the globe’s largest companies. Interesting reading over the holiday break. Contact EGS early next year to get your exit in harness.

The Five Years’ Fallacy: Exit Planning Facts vs Fiction

Much of the conventional wisdom suggests you should start serious planning no earlier than five years before you are ready to exit. This misperception is so common; we call it the Five Years’ Fallacy.

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

Initially, the title of this article was contra-intuitive. But a quick read makes it the opposite: Five Years is too little time for most businesses. EGS teaches Begin with the end In Mind.  Happy holidays to all.

How to Sell a Business: Why Entrepreneurs Need to Have an Exit Strategy

For most entrepreneurs, the thrill of the beginning is addicting. Sometimes this feeling can be so exciting, though, that it causes entrepreneurs to lose sight of the end of the road. It might not seem like it now, but there will come a time when you will want to exit your business and move onto something else.

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

“A Business Worth Selling is a Business Worth Owning” is just one of many good pieces of insight in this interesting article.