Dealing With Complex Co-Ownership Setups

Co-owned businesses come with numerous complexities. One of the biggest challenges for co-owners is determining how to approach the exit of another co-owner, especially when that co-owner cannot or will not exit gracefully.    Let’s look at a...

Business Value Is More Than a Measuring Stick

Is it possible for a $5 million business to be more valuable than a $15 million business? Let’s look at a fictional but representative story to show how a larger valuation doesn’t always mean that the company is in the right position for you...

Nepo Baby Business Planning

The sense of pride in building a business and keeping it in the family can be a huge motivator for business owners. But transferring a business to children for its own sake can have consequential risks for your future, your business, and your legacy.   If one of...

What Does Your Exit Map Look Like?

Most business owners have never exited their businesses before. Just like taking a big trip to a new place requires good planning to truly enjoy it, so too does a successful business exit.   While the details will certainly differ based on your unique...

Logic vs. Legacy in Exit Planning

When planning for your eventual business exit, achieving financial security is the most important goal. But what happens when the emotional side of planning an exit—namely, ensuring your legacy—conflicts with that most important goal?  Let’s look at a fictional but...