Today’s guest is Michael Coyle from Centerpoint Business Advisors. He is going to help us understand the options you have when it comes time to leave your business. Michael has been in the business of selling and getting businesses ready to sell for years. He’s one of the people in this industry who is well respected and has been at it for his entire career. He understands that in most cases before a business can be sold, it has to have work … [Read more...]
3 Magical Keys You Need To Know Before Leaving Your Business
For lots of business owners like you the Holy Grail of having a successful business is being able to sell it to a 3rd party when it becomes time for you to retire. Before you even think about getting ready to sell your business you’re going to have get your business in a position where a buyer is going to want it. You might think a buyer is going to want your business, warts and all. You might even be able to find someone to buy it. I … [Read more...]
Want To Retire Someday……Do Some Succession Planning First!
Public Domain from pixabay Business Succession Planning Key to a Successful Retirement You don't even have to have a formal plan, although doing one is better than not doing one. What you do need to do is make sure you know what you need if you ever want to be able to leave your business. Too often I see people like you tell me retirement is five years away. If it's always five years away, you have a problem. That problem is you … [Read more...]
A Different Way To Leave Your Business
If you're in a professional services business you might think there are only two ways you can leave your business. You could believe that you can sell your business and take back a huge amount of paper. This is a risky play. Or, you could just close the business down and walk away. I don't think either serve you especially well. Instead, why don't you watch this video and you can learn about a third option. It's called the wind down … [Read more...]
