by Chris von Szombathy | Jan 13, 2021 | White Papers
All business owners will exit their businesses, either by choice or as circumstances dictate (e.g., death, incapacity). Ideally, owners want to exit on their terms: leaving their businesses in the hands of successors they choose, on a date they pick, and for the money...
by Chris von Szombathy | Jan 13, 2021 | White Papers
Owners begin thinking about the Exit Planning Process when two streams of thought begin to converge. The first stream is a feeling that they want to do something besides go to work every day: either they would like to be someplace else—doing something else—or they...
by Chris von Szombathy | Jan 13, 2021 | White Papers
When business owners start to think about exiting their companies, the number of possible Exit Paths can seem limitless. In reality, there are only eight. Download...
by Chris von Szombathy | Jan 13, 2021 | White Papers
As business owners plan to exit their businesses, they must confront the challenge of incentivizing employees—specifically, management—to stay with the company after they have left. Having a strong, established, and committed management team to take the reins once an...
by Chris von Szombathy | Jan 13, 2021 | White Papers
If business owners want to grow their businesses, it’s practically a given that they must change their roles within the business at some point. Peter Drucker, who is widely considered to be the founder of modern management and wrote nearly 40 books on the topic during...
by Chris von Szombathy | Jan 12, 2021 | White Papers
Successful owners are usually optimistic people, somewhat averse to dwelling on the more unpleasant aspects of business. Contemplating one’s demise certainly qualifies as an unpleasant aspect. Consequently, advisors tend to use a lot of softer phrasings when they talk...
