Building a business with the goal of eventually selling to an external buyer, or transitioning it to the next generation, means doing what it takes to remove yourself from its daily operation and taking strategic steps to enhance the company’s value. In other words, it pays to make yourself obsolete as a business owner/operator when …
Business succession takeaways from the Bridgewell Sessions Vol. 2 Read More »
Most entrepreneurs dream of founding, operating and growing a thriving business. Few will ever produce a start-up plan that accounts for their eventual exit. That’s because business succession planning is often de-emphasized or overlooked when day-to-day operations and expansion are a leader’s top priority. A better approach is to plan ahead, building your business on …
The Bridgewell Sessions Vol. 2 — Meet our panel of business succession specialists Read More »
The highly-analyzed saga of the Rogers family has taught us more than a few lessons about business succession, family governance—especially when large sums of wealth are involved—and the need to carefully envision the future you want for your family once the main wealth builder passes on. But it’s also a clear lesson in the importance …
Structuring shareholder agreements: Lessons from the Rogers family feud Read More »
It’s a special day when an entrepreneur achieves their lifelong dream: transitioning to the next phase in life by making a financially-beneficial exit from their company. For most, achieving that goal will take a great deal of hard work and business succession planning. While we’re conditioned by media reports to believe that billion-dollar business sales …
Business succession: How to position your company for a sale Read More »
As noted in the first blog in this series, it takes a deliberate effort to plot out a business succession strategy. Transitioning out of your company and moving on to the next phase of life—whatever that may entail—requires balancing a number of family, financial and strategic considerations. While there are many ways to approach the …
For business owners, one of the keys to achieving long-term financial wellness is to develop a plan that allows them to eventually leave their business behind and retire—or transition to the next phase of their always-busy lives. Because entrepreneurs typically lack any kind of formal pension, their corporation and personal assets are their golden-year nest …
The surprising complexity of business succession Read More »
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