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Articles in the Ownership Category

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[27 Jul 2009 | No Comment | ]
Don’t Wait To Benefit From Your Succession Plan

So you finally got over the emotional hurdles and are now really ready to do a succession plan. Almost by definition this is a once-in-a-lifetime event and, as such, you have no experience doing one. There are a few things to keep in mind as you’re creating your succession plan that will help ensure that it is effective and productive.
First, a succession plan is a natural extension of good business principles. If you look past the family and emotional issues, this is exactly what you would do …

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[14 Jun 2009 | No Comment | ]
Four Things You Can Do Now To Increase The Value Of Your Business

One of the ultimate goals of a business owner is to maximize the value of their business. There may be no need or desire to sell right now and ultimately that day will come. There are a myriad of factors that determine the value of a business, here I’ll discuss just four that you can begin improving now.
Build Your Management Team
A good management team is essential for operations and growth and also has a big impact on the value of a company. Anyone who is …

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[8 Apr 2009 | No Comment | ]
Are You Important Or Valuable?

As strange as it sounds, the more important you are to the daily running of your business the less it‘s worth. When you started your business you had to do everything, that’s the way of a startup. Now that you’ve grown quite a bit your activities may actually be diminishing the potential of your company. As the founder and CEO, the buck stops with you and in some respects you are the keystone of the organization. Remember though, when you remove the keystone from an arch, the whole thing collapses. …

Ownership »

[12 Sep 2008 | No Comment | ]

A generation ago someone running a private company had a fairly simple set of options when it was time to retire. Have the child(ren) take it over and collect retirement pay or sell it and live off the interest. Now things are more complex and the demographic wave adds another challenge. Here are eleven reasons why anyone contemplating the sale of a business in the next several years needs to start getting ready now.

Boomers are a crowd whatever they do, in this case lots of business owners …

Ownership »

[5 May 2008 | No Comment | ]

The Fifth Component Of Value – Dynamic
Here’s where it really gets exciting – and you definitely can’t do this by yourself. Once you have the ‘perfect storm’ of company value and interest in the market by acquirers, the right process will ignite an auction for your company among all the buyers. You’ve seen an exciting auction, and may have even been caught up in one. The auctioneer expertly presents the offering and then deftly works the crowd until, when the gavel finally falls; the price received is something that seemed …