Skip to main content

Posts

Business Sales

A successful business sale is a transfer of the business to the business owner's desired successor at the desired time and for the after-tax money that the business owner wanted or needed to financially secure his or her post-business lifestyle. Business owners that have engaged in the planning process generally have stronger businesses that have higher transferable values. They have intentionally focused on assessing and increasing the business' Value Drivers to ultimately increase the market value of the business. The business sale may be to one or more insiders or to a third party. The business sale may be to effect a transfer of wealth to the next generation within the family. Whether insider or third party, the considerations have been accounted for in the planning. And, those considerations are vastly different. A planned sale to insiders has provided for the successors to accumulate the training and necessary skill sets to successfully run the company so th...
Post a Comment
Read more
Recent posts

Contingency plan example

Contingency plan example 
Post a Comment
Read more

business sales tips

Your Objectives Any type of plan is only successful if it achieves your desired objectives. When do you want to leave your company? To whom do you want to transfer or sell your company? How much cash do you want or need to secure your post-business life? Do you want certain employees to be benefited by the transfer? Do you want to pass wealth down to your children or to other family members? Your Financial Resources If you sold your company tomorrow for its present market value, would the cash you derived from the sale be sufficient to provide you with a financially secure post-business lifestyle? Is there a gap between the current value of the business and what you need for your financial security? Building and Protecting Business Value Do you know which Value Drivers exist in your business and which, if any, are missing? The term "Value Drivers" encompasses those things that build value in a company such as a strong and motivated management team. It also encompa...
Post a Comment
Read more

Business Sales

A successful business sale is a transfer of the business to the business owner's desired successor at the desired time and for the after-tax money that the business owner wanted or needed to financially secure his or her post-business lifestyle. Business owners that have engaged in the planning process generally have stronger businesses that have higher transferable values. They have intentionally focused on assessing and increasing the business' Value Drivers to ultimately increase the market value of the business. The business sale may be to one or more insiders or to a third party. The business sale may be to effect a transfer of wealth to the next generation within the family. Whether insider or third party, the considerations have been accounted for in the planning. And, those considerations are vastly different. A planned sale to insiders has provided for the successors to accumulate the training and necessary skill sets to successfully run the comp...
Post a Comment
Read more

Business Exit Planning

Generally speaking, a business owner's company is the largest financial asset that the owner has. More often than not the business owner is relying on the sale of the company to fund his or her retirement, With proper planning, the owner can successfully transfer or sell the business to the chosen successor, within the owner's desired time frame and for the money the owner wants or needs to provide a financially secure post-business lifestyle. At LA Business Pros, we utilize the proven Seven Step Exit Planning Process™ developed by Business Enterprise Institute, Inc. to help business owners maximize their business value and exit the business on their terms and conditions. Over the past ten years, we have worked with hundreds of business owners that wanted to sell their businesses. From that experience, we know that a successful exit requires that the business owner establish three key exit objectives before moving forward towards the business exit.  How much cash do you...
Post a Comment
Read more