I imagine you and your family’s intention is to preserve your wealth and make sure you have a successful transition to the next in line.
Succession Planning is Not Enough
When you started your company, how did you intend to get your return on your investment?
Despite the fact that Michael Gerber wrote the “E-Myth” some 25 years ago, many business owners today still don’t know the difference between working “IN” their business and working “ON” their business.
Victoria Wells at the Financial Post noted that BMO Harris Private Banking did a survey of business owners in Canada. They asked if they had done a succession plan. 89% of owners in Canada have not.
What’s Your Lawyer Done for Your Business Lately?
Are you a business owner? Do you have employees? If you do, and you have a product, service and marketplace that’s growing, you might be able to sell your company one day.
What did you talk about around the dinner table this past Christmas? Maybe you sat around the festive table and talked about exiting your business this year.
It’s the Ride of Your Life, and More.
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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