Principles of Exit Planning – Part 6

Step #6: Identify Your Exit Options As  a business owner there are several ways that you can exit your business. Four options to exiting your business Privately held business owners have four basic ways to cash out: Sell to an outside entity Transfer the business to the next generation Sell to the ...

Categories: Exit Planing, Sell a Business
Posted on Mar 3, 2014

Principles of Exit Planning – Part 5

Step #5: Conduct Current State Analysis for Exit Planning Next begins the process of determining how to achieve the goals set in in the previous step. Key Point Analysis This involves a careful analysis of three key points — the value of your business, the strengths and weaknesses of your bu...

Categories: Exit Planing, Sell a Business
Posted on Mar 2, 2014

Principles of Exit Planning – Part 4

Step #4: Set Goals for Exiting Your Business Set goals This first step to setting goals for exiting your business addresses three critical questions: When do you, the CEO, want to stop working here? After selling the business, how much would you like to have in the bank so you don’t ever have ...

Categories: Exit Planing, Sell a Business
Posted on Feb 23, 2014

Principles of Exit Planning – Part 3

Step #3: Learn the Process of Exit Planning For a successful exit plan you want to include these 4 steps: Step 1: Include all the components of a successful plan. Exit planning encompasses a wide range of activities that include: Deciding how, when and to whom to sell the business Identifying a succ...

Categories: Exit Planing, Sell a Business
Posted on Feb 15, 2014

Principles of Exit Planning – Part 2

Step #2: Know Your Role As the owner of a privately held business, your company represents your biggest and most important asset. According to experts, the difference between a planned and an unplanned exit can be very significant. Your Have 2 Roles First, understand that as the owner of a private...

Categories: Exit Planing, Sell a Business
Posted on Feb 7, 2014

Principles of Exit Planning – Part 1

Everyone Exits Their Business at Some Point At some point every owner leaves his or her business, voluntarily or otherwise.  At that time every owner would like to get the maximum value out of the business. Is your personal net worth tied primarily to your ownership of the company? Do you have a te...

Categories: Exit Planing, Sell a Business
Posted on Jan 30, 2014

The Truth About Selling Your Business Yourself – Part 5

Truth #5: You Can Learn the Process Although selling a business is complex, as a business owner, it is a process and you can learn it with some guidance. The Business Selling Process The process to sell a business is the following: Prepare the Business to sell Determine the listing price (via a valu...

Categories: Sell a Business
Posted on Jan 23, 2014

The Truth About Selling Your Business Yourself – Part 4

Truth #4: Valuing Your Business Properly Maximizes Your Price. Many business owners are in awe when on the other end of the phone someone is saying, “I am interested to buy your business, would you consider selling?” All kinds of thoughts swirl in your head: What is it worth? Will they offer me ...

Categories: Sell a Business
Posted on Jan 15, 2014

The Truth About Selling Your Business Yourself – Part 3

Truth #3: Selling a Business Requires Advisors Selling a business is not easy, simple or risk free. The truth is this is NOT a process you are going to do alone. You are going to need advisors. Your advisors are the few people that you can tell about your intentions to sell the business. Advisors [&...

Categories: Sell a Business
Posted on Jan 7, 2014

The Truth About Selling Your Business Yourself – Part 2

Truth #2: Confidentiality is Critical. When employees, vendors and customers learn that your business is for sale, this can create devastating events for the business. One bar and restaurant lost most of their staff, had credit lines cut and lost over 30% of their sales when it was learned they were...

Categories: Sell a Business
Posted on Dec 29, 2013

Contact Info – David Bandars

 12110 Port Grace Blvd. #201, LaVista, NE 68128

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