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12 articles for “Exit planning”
Exit Planning: Consider All Your Options
For many business owners, the idea of eventually exiting their business means selling the company to a third-party buyer, collecting the proceeds, and retiri...
The 4% Rule and Exit Planning: Will Your Business Sale Fund the Retirement You Want?
For many business owners, their business is their largest asset and a substantial portion of both their current income and future retirement plan. That makes...
Understanding Cash Flow Statements and Profit & Loss Statements
As we approach the end of the school year, school bus operators are already planning work that must be done over the summer months. For most operators, the s...
Understanding “Working Capital” in a Buy/Sell Transaction
“Working Capital” is an important part of business buy/sell transactions, but it is not a term commonly used or known by most business owners. Working capita...
Succession & Exit Planning Road Map
Whether retirement is five years away or fifteen, succession and exit planning is one of the most important strategic steps a business owner can take to prot...
What Is EBITDA—and Why Business Owners Should Care
If you’ve ever talked to a banker, investor, or potential buyer, chances are you’ve heard the term EBITDA thrown around. It sounds technical, but the idea be...
Exit and Succession Planning – Start Now
A family business is more than just a company; it’s a legacy, or maybe it’s a retirement asset. Yet, without a thoughtful and strategic succession plan, that...
Planning your Route to Retirement - Close the Gaps and Secure Your Legacy
As a school bus contractor, you’ve built a business that helps the community while supporting your family. But what is your long term future plan? Business o...
End of Year Legal Considerations for your Business
As the end of the year approaches, there are several legal considerations and tasks that businesses should address. Here are some end-of-the-year to-do items...
Is Your Contract Still Relevant? Why Annual Contract Reviews Matter
Businesses rely on agreements with other businesses to get things done. Your formal and informal agreements with suppliers, service providers, subcontractor...
The Power of Succession Planning
When change is the only constant in the business world, organizations need to equip themselves with a strategy that ensures continuity and adaptability. Succ...
Cultivating Excellence: A Guide to Leadership and Management Development
In the dynamic landscape of business, leadership and management development stand as cornerstones for sustainable growth. This guide aims to illuminate the p...