Barbara Taylor is both a business broker (Synergy NWA) and a blogger. Her NY Times blog,Â TransactionÂ helps North Americaâ€™s business owners understand the arcane world of selling a company.
If you own the family business and your children work for you OR you work in the family business and your parents are still involved, you need toÂ read this taleÂ to get the benefit of this sonâ€™s trials and tribulations.
I imagine you and your familyâ€™s intention is to preserve your wealth and make sure you have a successful transition to the next in line.
This is part 1 of a series on why 90% of businesses donâ€™t find buyers when they try to sell and what you can do in your company to be part of the 10% that actually exit rich. Which exit path are you on?
When you started your company, how did you intend to get your return on your investment?
Many of the terms used in discussing a deal can be confusing for business owners. In this blog we demystify â€śDealmaker Speakâ€ť with an article or two every month.
Victoria Wells at the Financial Post noted that BMOÂ HarrisÂ Private Banking did aÂ survey of business owners in Canada.Â They asked if they had done a succession plan. 89% of owners in Canada have not.
I was talking to a wealth manager a few months back.
Are you a business owner? Do you have employees? If you do, and you have a product, service and marketplace thatâ€™s growing, you might be able to sell your company one day.
You will be gone through step-by-step evaluation process that will discover both strong and weak sides of your business. In such a way you will have a second opinion, fresh look at the current situation and as a consequence you will be able to take necessary actions if you think those are good points to apply.
Every business owner should know if their biggest asset is saleable. Learn inside tips to improve your odds and test yourself.
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