Being in business with a partner presents its own unique set of challenges; when that partner is family, however, the dynamics and complexities increase considerably. My father was in business with his older brother for more than 30 years.… Continue reading →
Fate. That is the word that my father uses to describe his path to becoming a business owner. The genesis of my father’s entrepreneurship is somewhat unique compared to most of the publicized stories we read about these days. … Continue reading →
So here’s a fun tidbit…my father once accepted a job at Pizza Hut out of college. I NEVER KNEW THAT! When I started down the road on this concept (which I’ll explain in a moment), I knew that I… Continue reading →
A business owner can expect to sell their company once, possibly twice, in their lives. As with most things done infrequently, it is hard to be successful and upwards of 75 percent of business owners who sell have ‘seller’s remorse.’… Continue reading →
Takeaway: Business owners: prepare for the single largest financial transaction in your lifetime.
The succession or exit by a business owner is usually the single largest financial transaction in their lifetime with a lot at risk as typically a majority… Continue reading →
Takeaway: We asked seasoned exit planning professionals how to avoid leaving wealth behind when selling a company. Their answers educated and inspired us.
I recently attended the Exit Planning Institute (EPI) annual conference. Besides the great presentations and the… Continue reading →