Written by John Leonetti—attorney, wealth manager, merger and acquisition associate, and fellow exiting business owner in his own right—Exiting Your Business, Protecting Your Wealth will guide you in thoughtfully planning out your exit options as well as helping you analyze your financial and mental readiness for your business exit. Easy to follow and essential for every business owner, this guide reveals how to establish an exit strategy plan that is in harmony with your goals.
Exiting is a process, not an event: Don't limit your exit strategy planning with what you don't know -- Setting your exit goals -- are you ready to leave?:The mental game of business exits -- What type of exiting owner are you? -- Selling the buisness -- private equity group recapitalizations -- Employee stock ownership plans as exit vehicles -- Sale versus recapitalization versus ESOP -- Management buyouts -- Gifting strategies for exiting business owners -- Deal structuring and taxes: It's not what you get but what you keep that counts -- Exit strategies and estate tax planning: protecting your wealth with some extate planning strategies -- Legal agreements that you need to know: you will sign agreements; know them before you sign them -- Forming an exit strategy advisory team: your agenda comes ahead of your advisors -- Pulling it all together.
The essential guide to selling your business—and walking away with maximum wealth Nearly every entrepreneur dreams of one day selling their business for big bucks, but far too many aren’t aware of exactly what it takes to do so. The sobering truth is that it’s very easy for the entrepreneurs who don’t know what they’re doing to walk away from a sale without the financial freedom they hoped for. In fact, only about 20 percent of businesses for sale will successfully transfer to another owner! In Walk Away Wealthy, Mark Tepper--a leading authority on wealth management and financial planning for entrepreneurs--shows you how to build a strong exit plan, an absolute requirement if you hope to get the full value from a sale. Tepper’s twelve secrets debunk myths and deliver practical advice as he walks you through what most people don’t know (or refuse to believe) about the process of planning their exit. And although it’s best to start planning the exit as early as possible, the book also delivers advice for those who may have waited too long and feel lost in the face of a rapidly approaching sale. Selling the business you worked so hard to build can be a confusing and intimidating proposition. Let Mark Tepper clear away the misconceptions, steer you clear of common mistakes, and help you walk away wealthy!
Written by John Leonetti—attorney, wealth manager, merger and acquisition associate, and fellow exiting business owner in his own right—Exiting Your Business, Protecting Your Wealth will guide you in thoughtfully planning out your exit options as well as helping you analyze your financial and mental readiness for your business exit. Easy to follow and essential for every business owner, this guide reveals how to establish an exit strategy plan that is in harmony with your goals.
How entrepreneurs plan to leave their businesses should define how they run them, who they employ, and how they fund them. This book reviews in detail the seven main exit strategies from which entrepreneurs and their key executives can craft their operating strategies and create a more financially sound organization.
Too many entrepreneurs push off planning for the sale of their business until the last moment. But for a business to sell for what it’s really worth—or even more—owners need to prepare for the sale from the very start. In Exit Rich, author and mergers and acquisitions authority Michelle Seiler Tucker joins forces with Sharon Lechter, finance expert and author of Rich Dad Poor Dad, to create a must-have guide for all business owners—whether they’re gearing up to sell a business now or just getting started building out their company into something to sell for a profit in the future. Seiler Tucker’s twofold approach to selling your business for maximum profit combines two of the most powerful elements of her mergers and acquisitions toolkit: the “ST GPS Exit Model” to help business owners set goals for the sale before their business hit the market, and the “6 P Method” to help them objectively evaluate their business’s worth, before their potential buyers do. Combined, these tools provide invaluable insight into the process of preparing a business for sale, finding the right buyers, and staging the sale itself. Throughout the book, Sharon Lechter’s wisdom peppers each chapter in the “Mentoring Corner” section, providing forward-thinking entrepreneurs with the perspective that they need to take control of their business’s future and exit rich. This book is a rich resource for any business owner looking to: • Objectively evaluate their business before a sale • Improve their chances of finding the right buyer • Sell their business for maximum profit
Most business owners begin their businesses with one goal to become independently wealthy. In Deciding to Sell, Ned Minor shows business owners how to take charge of their decision to sell. Having coached hundreds of owners over years, Minor synthesizes their trials and successes into this essential guide for owners considering whether or not to leave their companies.
Create A Greater Vision for Your Wealth, Your Business, Your Legacy Every successful business owner goes through three distinct stages: Survival, Growth and Maturity. No matter what stage your business is in, you are likely preoccupied with how the business can better the lives of your family, your employees and your community and how it can be grown for a successful exit. In WEALTH ON PURPOSE(R), Wealth Steward for Business Owners, Carlos H. Lowenberg, Jr., ChFC(R) provides leadership, clarity and confidence to help you make informed decisions about your business wealth as he covers three core areas: 1. Creating Your Vision: discovering and developing a vision for your wealth 2. Building and Managing Your Wealth: nurturing your team and tackling taxes while you build your wealth 3. Safeguarding Your Future: preparing for succession and windfall events while protecting your legacy With proper planning and management, you and your business can thrive and provide for your family, your key stakeholders and your community.
"No two exit experiences are exactly alike. Some people wind up happy with the process and satisfied with the way it turned out while others look back on it as a nightmare. The question I hope to answer in this book is why. What did the people with 'good' exits do differently from those who'd had 'bad' exits?" When pioneering business journalist and" Inc." magazine editor at large Bo Burlingham wrote "Small Giants," it became an instant classic for its original take on a common business problem--how to handle the pressure to grow. Now Burlingham is back to tackle an even more common problem--how to exit your company well. Sooner or later, all entrepreneurs leave their businesses and all businesses get sold, given away, or liquidated. Whatever your preferred outcome, you need to start planning for it while you still have time and options. The beautiful part is that if you start early enough, the process will lead you to build a better, stronger, more resilient company, as well as one with a higher market value. Unfortunately, most owners don't start early enough--and pay a steep price for their procrastination. Burlingham interviewed dozens of entrepreneurs across a range of industries and identified eight key factors that determine whether owners are happy after leaving their businesses. His book showcases the insights, exit plans, and cautionary tales of entrepreneurs such asRay Pagano founder of a leading manufacturer of housings for security cameras. He turned down a bid for his company and instead changed his management style, resulting in a subsequent sale for four times the original offer.Bill Niman founder of the iconic Niman Ranch, which revolutionized the meat industry. He learned about unhappy exits when he was forced to sell to private equity investors, leaving him with nothing to show for his thirty-five years in business.Gary Hirshberg founder of organic yogurt pioneer Stonyfield Farm. He pulled off the nearly impossible task of finding a large company that would buy out his 275 small investors at a premium price while letting him retain complete control of the business. Through such stories, Burlingham offers an illuminating and inspirational guide to one of the most stressful, and yet potentially rewarding, processes business owners must go through. And he explores the emotional challenges they face at every step of the way. At the end of the day, owning a business is about more than selling goods and services. It's about making choices that shape your entire life, both professional and personal. "Finish Big" helps you figure out how to face your future with confidence and be able to someday look back on your journey with pride.
