1. Established. An existing business is a known entity. It has an established and historical track record. It has a customer or client base, established vendors, and suppliers. It has a physical location and has furniture, fixtures, and equipment all in place. The term “turnkey operation” is overused, but an existing business is just that, plus everything else. New franchises may offer a so-called turnkey business, but it ends there. Start-ups are starting from scratch. 2. Business … [Read more...]
Planning Your Exit
February 15, 2013 by
By: Tom Lindahl, CABI President Transferring your business to the control of someone else is the single most important financial event in every business owner’s life. Transferring it to whom you wish on terms that are favorable is a huge challenge and one that business owners need help with. Think of planning for your exit as planning for the succession in ownership and leadership of the company. The best way for you to exit is with a competent, motivated leadership team executing a proven, … [Read more...]
