With the time to sell a business averaging from 6 to 12 months, the transition plan for your business is imperative to the success of the sale—see the steps necessary to formulate your transition plan.
Careful planning can help you achieve a smooth business transition. Here are four steps to take as you begin the process.
It can be hard to imagine how your company will operate after you leave—and it’s not always best to keep things in the family. Find the succession plan that’s right for your business.
After years or decades of sacrificing time, money and effort to a small business, it’s really hard to release the reins, which is why many business owners place transition planning on the back burner.
More than half of the small business owners in the U.S. are 50 or older. There are many reasons for this trend, including goals still left to achieve and lack of a transition plan.
See how to transition your family business to a successor.
Learn about when to consider restructuring debt and how capital restructuring can reduce costs in your business while funding growth.
See how a small business owner achieved a smooth transition from long-time employee to proud new owner.
See why a strategic sale—a sale where the buyer and target company have complementary businesses—can create synergies for both companies.
Planning ahead for the sale of your mid-sized business when you retire means making the process easier and more profitable.
How today’s small business owners are (sometimes) planning for next steps.
How to use Employee Stock Option Plans (ESOPs) for a specific goal: transition to a new management team, increase employee participation, create owner liquidity, or add leverage to the company at favorable tax rates.
Developing a Six-Year Plan can be a daunting task. Use this checklist to help break your plan into manageable tasks as you plan your business's future.
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