Author: Larry Guess

Most savvy business owners develop a business plan that includes an exit strategy. However, many companies fail to put a succession plan in place. In fact, only 34% of family-owned businesses have a succession plan , and those are usually very informal — meaning most don't survive for later Read more…

There comes a time that every business leader must ask themselves a question: "Before leaving my business, how do I go about planning for a successor?" With factors such as generational wealth, future goals, and executive strategies all tied up in your leadership role, you need to know how to Read more…

While you might not equate your business exit strategy with a family vacation, it actually helps to think of it like one (metaphorically speaking, of course). You probably wouldn't wait until a couple of weeks before your departure to start planning the trip. You wouldn't hold off until a few days Read more…

As a business owner, you may have spent years growing, cultivating and shaping your company to match your strategic vision. It’s your baby, your lifeblood. While moving on or selling it might not be on your mind currently, but considering an exit strategy and succession plan now will help you to be Read more…

Like most major life decisions, the choice to exit your business should not be made alone. Read more…

There’s no right or wrong reason to sell your business; when you’re ready, you’re ready. Read more…