The 6th Exit Strategy
Go ahead and Google “exit strategies.” The five standard exit strategies below appear. Five Most-Common Strategies for Business Exit Sell the Business to Family or Friend Sell the Business to Employees Merge or Get Acquired IPO Liquidate or Quit For quite a few...
Business owners say the funniest things
Have you ever heard a business owner say something like the real-world quotes below? “I read an article that said my business is worth two times revenue.” (i.e., Sales are the real value of the business, not profits) “I never took a salary.” (My sacrifices must have...
Are there only five business exit strategies?
When you Google “exit strategies,” you will see the five standard methods below. Five Common Exit Strategies Sell the Business to Family or Friend Sell the Business to Management or Employees Mergers and Acquisitions Initial Public Offering Liquidation Sometimes, none...
Guide to Understanding the 44% Rule
There’s an old saying, “Business owners don’t sell for money; they sell because they are frustrated.” The price tag to end that frustration can be millions of dollars. In a low-interest rate economy, a big pile of cash is worth far less than an income stream. So when...
What is your business REALLY worth?
The oversimplified formula is 3X owner’s annual “take.” If you’ve ever had a formal business valuation and then tried to sell your business, you realize the business valuation is really only an estimate and indication of what a buyer might pay if all assumptions line...Get Started Half-Retiring
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Half Retire
- I will sell your business for nothing! December 12, 2024
- Can delegation be the enemy of Half-Retirement? January 12, 2024
- Why are business owners so mean… December 2, 2023
- Why did 1587 businesses just disappear? February 2, 2023
- The 6th Exit Strategy January 30, 2023
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