by Holly Cloutier | Jan 5, 2021 | All, Business Exit Planning
Many people don’t understand the importance of establishing and maintaining an emergency fund until it’s too late. Are you financially prepared for a leaky roof? How about a broken-down car? If you lost your job, how long would you be able to support yourself and your...
by Holly Cloutier | Jan 5, 2021 | All, Business Exit Planning
According to surveys, up to 79% of business owners plan to exit their businesses within the next 10 years, with more than half saying they want to exit within the next five years. However, many business owners fall into the trap of the “rolling five-year Exit Plan,”...
by Holly Cloutier | Jan 4, 2021 | All, Business Exit Planning
As a business owner, you’re likely the most important person in your business. You’re probably the breadwinner for your family. Your employees rely on your leadership and success for their livelihood. A lot of people depend on you. What would happen if, without...
by Holly Cloutier | Jan 4, 2021 | All, Business Exit Planning
Building business value is a common goal among business owners. Many successful small business owners find that after years of growth, the company can begin to plateau. It can be frustrating if you and your longtime managers realize that all of the things that grew...
by Holly Cloutier | Jan 4, 2021 | All, Business Exit Planning
As you’ve likely read in the headlines, many companies have been victims of data breaches in recent years. For many of us, this situation can feel overwhelming. If businesses can’t protect themselves from cyberattacks, what chance does the average consumer have? Time...
by Holly Cloutier | Jan 4, 2021 | All, Business Exit Planning
Many advisors to business owners think a sale to key employees is a great option for companies that don’t reach the “sale to third party” threshold. Typically, they define this threshold as the point at which a business can be sold for (largely) cash. Depending on a...
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