A buy-sell agreement is a contract between business owners that outlines the terms for the potential sale of an owner's shares. Of course, no one ever starts a business thinking they’ll sell their shares. In fact, most business owners forgo the creation of a buy-sell agreement. But having a buy-sell agreement is all about being
Disagreements among co-owners can be a major source of stress and conflict. If left unchecked, they can even lead to the dissolution of the Company. While not every disagreement can be easily resolved or prevented, with proper planning and foresight, some disagreements can be prepared for and dealt with before they become a problem.
You’ve finally decided to retire. But, you have one problem: you don’t feel completely comfortable allowing others to take over. This is a very common feeling. You’ve invested your blood, sweat and tears to grow your business to what it is today. No one knows your business better than you. Protecting its future requires
Starting and running a business takes huge effort and commitment. But smart entrepreneurs know their work isn’t done once the company succeeds. Planning for your own future outside the business is just as crucial as starting the business. As a business owner, it’s helpful to ask yourself four key questions to begin to define what
A buy-sell agreement is a legally binding contract that outlines what happens if a business owner leaves the business or passes away. This important agreement helps protect both the departing partner and the remaining business owners. For companies with more than one owner, having a buy-sell agreement is considered a business necessity. While it
Enterprise Value (EV) is a fundamental concept in the realm of business valuation. It represents the total worth of a company, encompassing both its equity and debt. In essence, EV provides a holistic picture of a company's value, factoring in its market capitalization, outstanding debt, cash reserves, and other essential financial elements. By considering these
So, you're thinking about transitioning your business. Maybe you're looking to retire, take a step back, or move on to something new. Whatever the reason, transitioning your business is a big decision—one that shouldn't be taken lightly. After all, your business is your life investment. You've spent years (maybe even decades) building it up
You've worked hard for years, and now it's time to retire. But for business owners, retiring can be more difficult than it is for other people. An owner is very used to pushing themselves, and they’re devoted to the success and greatness of their business. Unfortunately, non-owners rarely understand this. It's very hard for
Although many business owners don't always want to retire, they should still plan for it in case something happens that is out of their control. Unfortunately, for one reason or another, many seem happy to die at their desks, and very few take the initiative to actually sit down and map out a retirement strategy.
