The Role of Financial Executives in Exit Planning for Business Owners
The Role of Financial Executives in Exit Planning for Business Owners
Commercial Bankers Must Know the Owner/Manager’s Exit Plan
Commercial lenders must know the Owner/Manager’s exit plan.
Exit Planning Exchange-Connecticut chapter event – May 12
On Wednesday, May 12, the Exit Planning Exchange Connecticut chapter will have a breakfast in Westport, CT with a panel discussing “The Top 10 Things Every Business Owner Must Know Before Their Exit”.
Upcoming XPX Events
Upcoming XPX events at Babson College on January 22, 2010 and the 2nd annual XPX Summit on March 16, 2010.
Marathons and Exit Planning – A Different Approach
Remember, to get to the finish line successfully, you’ll need a plan.
Marathons and Exit Planning
I completed the Baltimore Marathon on October 10. Finishing the marathon achieved a personal goal, after a few months of long training runs (three over twenty miles) and overcoming a little nervousness. The easy thing to do here would be to compare the building of a business to the running of a marathon. So let’s do it.
Reading List: Sustaining the Family Business by Marshall B. Paisner
This is an enlightening read for anyone interested in this large segment of American business and why it is a viable exit strategy when done correctly.
Three Must-Haves for Owners – A Different Approach
For business owners to be truly prepared, they should have the following:
* a will
* a succession plan for the business
* an exit strategy to monetize the value in the business
Three Must-Haves for Business Owners
More than 2/3 of business owners did not have an exit plan for their business.
Reading List: Exiting Your Business, Protecting Your Wealth by John Leonetti
The book lays out a compelling argument for the development of a new type of advisor—the exit planning advisor.
