exit strategy Archives

Finance

How to Measure Gross Profit for Construction Businesses

"Our construction company has commercial and residential clients. Commercial projects last longer and use up more resources. Forecasting profits can be a real challenge. Can you help?" Forecasting gross profit can be challenging, but there's an easy way to do...

Leadership

What Business Owners Need to Know About Exit Planning During a Crisis

Stressful economic times often cause business owners to put their heads in the sand to try to withstand the storm, or abandon their businesses completely. For some business owners, the right move might be to keep pushing forward. For others,...

spouse as employee the family business in the family

Leadership

Family business: Should I stay or should I go?

My parents run the family business and I'm working for them. With only general promises that someday it will be mine, I don’t have any shares. I don’t agree with what my parents are doing and think they’re making some...

Leadership

Family Business Succession Plans

Facing family business succession, we need a plan. We’re dealing with a family member who should be retiring. Unfortunately, she still owns the stock and is very controlling. We want to take the company forward, but don’t have the...

Leadership

Get Your Succession Plan in Order Now

Our business needs a succession plan. The strategy has been to recruit good people, promoting from within if possible. With the people in place who could play a significant role in the company’s next generation, we're ready. Next we...

Building an Effective Sales Marketing Planning lead generation

Leadership

Stop Reacting and Start Planning

Ask Andi: We need to start planning. We react to day-to-day issues, instead of looking ahead. We create problems by not fixing them. Can you help us stick to top priorities? Thoughts of the Day: Stop reacting, start planning. Identify...

Rethinking retirement Business Succession

Human Resources

Rethinking Retirement and Succession Plans

Ask Andi: I'm rethinking retirement. As the owner of this business, it's giving me a headache. And my retirement is underfunded. No one can run this business in my absence. I have no idea who I’d sell it to. Or...

selling business You Need to Know About Buying or Selling Your Business

Finance

Should You Sell Your Business Now?

Ask Andi: Should sell my business? Someone has offered to buy it. I'm not really ready to get out. But I'm hearing about tax rate changes that reduce what I will get if I wait to sell until next year...

Leadership

Move Carefully in Making an Acquisition

Ask Andi: We're thinking about making an acquisition. This may be a good time to try. Prices are lower and owners are anxious to get out. However, we're not sure where to start or what to look out for. And...

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