Exit Planning

Economic downturns give all business owners, quite literally, pause:pause in growth, pause in hiring, pause to reconsider exactly where our companies are heading — or need to head — if we are to meet our owner-based goals. There are many benefits of using the time afforded by an economic downturn to create and enhance the value drivers in your company. The fundamental questions owners must ask are: Am I using this precious commodity — time — to prepare my company and myself for sale on the day that the economy revives?Or, on that day, will I be where I am today: wishing to sell, but buried in the everyday details of my business and doing little to chart a course toward my ultimate goal? In addition to using your time to install and energize your company’s value drivers to prepare for sale, an economic recession may also has give owners time to evaluate if their current business advisors are equipped to help them prepare their companies to sell. When times are good, … [Read more...] about Economic Downturn Gives Owners Time to Prepare for the Recovery of the M&A Market