Exit Strategy
What’s Your Exit Strategy?
In 2007, when a potential investor asked business owner Dan Throop, 61, what his exit strategy was, he responded by saying, “When I’m done with this meeting, I’m going to turn around and walk out […]
ESOP
HR & Employees
Selling Your Business To Employees
It may be more practical than you think One of the biggest challenges for owners of closely held businesses is finding a way to turn their equity in a business into cash for retirement or […]
HR & Employees
Phantom Stock
It’s an ongoing challenge for many small business owners in virtually every sector of the economy: figuring out how to motivate and retain employees who are essential to the company’s success without granting them an actual ownership stake. […]
Exit Strategy
When I’m 64: Why Business Owners Need An Exit Strategy
It’s been called the largest wealth transfer in human history, and with good reason—some 76 million baby boomers will retire and dispose of an estimated $40.6 trillion in wealth and property over the coming decades. […]