Succession
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Business owners urged to plan for succession before it's too late

Business owners urged to plan for succession before it's too late | Succession | Scoop.it
Bill Hartmann has breathed business for nearly 60 years, returning from the Army in 1953 and, a year later, opening Hartmann Construction in Seward, Neb.
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Succeed at succession: Learning from Ballmer’s Microsoft exit | TransitionWorks.com

Succeed at succession: Learning from Ballmer’s Microsoft exit | TransitionWorks.com | Succession | Scoop.it
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Why All Family Businesses Should Start Succession Planning Today

Why All Family Businesses Should Start Succession Planning Today | Succession | Scoop.it
Succession planning is likely the most common topic presented by family business advisors and other experts, but for good reason. It is something every family business should do, yet less than 70% of them make it to the ...
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“The vital tool for business continuity is a good succession plan” - BusinessDay

“The vital tool for business continuity is a good succession plan” - BusinessDay | Succession | Scoop.it
“The vital tool for business continuity is a good succession plan” BusinessDay Michael Stevens Consulting is an outsourcing and business advisory body which has partnered with PGL Consulting to launch an international succession planning programme...
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How to Succeed in Succession Planning

How to Succeed in Succession Planning | Succession | Scoop.it
Since 1987, The Greater Lansing Business Monthly magazine has been known for its consistent quality and positive focus of its content.
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GTA Valuator: Exit Planning Doomed to Fail Without Effective ...

GTA Valuator: Exit Planning Doomed to Fail Without Effective ... | Succession | Scoop.it
Last week, I had the privilege of speaking at the CICBV 2013 Eastern Regional Conference on the issue of business valuation and exit planning in light of the unprecedented transfer of business wealth expected over the ...
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“People are leaving significant amounts of money on the table when they choose to sell a business”

“People are leaving significant amounts of money on the table when they choose to sell a business” | Succession | Scoop.it
Benjamin Ross Group Business Broker Urges Entrepreneurs to Employ Exit Strategies to Prepare Businesses for Sale. by wolverine on ...

Via Rachel Riddle Davis
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Rachel Riddle Davis's curator insight, February 13, 2013 3:42 PM

Lefkowitz suggested serious plotting should start at least three years in advance before deciding to list your business for sale. Early on, owners should be developing management depth, exploring tax implications, improving financial statements, formalizing partnership agreements, purchasing minority interests and negotiating lease transferability. If you will have a franchise for sale, you should be reviewing franchise agreements carefully.

 

As the sale gets closer, Lefkowitz suggested making sure the company’s books are in order, taxes are up-to-date, technology is functioning smoothly, and potential environmental issues are addressed. In the last six months before selling the business, owners should clean up their premises to increase the business’s “curb appeal,” sell or replace obsolete equipment, resolve receivables and inventory issues, trim payroll and negotiate any contractual agreements.

 

Nationally, only about 20 percent of businesses for sale on the market really sell, according to a recent study by INC magazine. By contrast, the Benjamin Ross Group arranges sales for about 95 percent of its clients by working to make their businesses marketable.

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Who's In Your Exit Planning Conversations? | Small Business ...

Who's In Your Exit Planning Conversations? | Small Business ... | Succession | Scoop.it
Opening up to those you trust most will heighten your ability to exit your business successfully. Learn why and who you can turn to.
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Why advisers are skipping succession planning - InvestmentNews

Why advisers are skipping succession planning - InvestmentNews | Succession | Scoop.it
Why advisers are skipping succession planning
InvestmentNews
Advisers underestimate the importance of succession planning and don't spend enough time devising and implementing plans, according to panelists on yesterday's InvestmentNews webcast.
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Preparing a Family Business for the Next Generation

Preparing a Family Business for the Next Generation | Succession | Scoop.it
As boomers reach retirement age at the rate of 10,000 per day, family businesses are being forced to deal with succession challenges (Preparing a Family Business for the Next Generation - Good points on succession!
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