Succession & Exit Strategies Archives

Want the Best Exit Strategy Outcome? Prepare, Prepare, Prepare

The following is an excerpt from “Exit Path: How to Win the Startup End Game” by Touraj Parang. Copyright 2022 by McGraw Hill. RATIONALE AND TIMING Plans are worthless, but planning is everything. —Dwight...

byTouraj Parang

August 2, 2022

7 Steps to Getting the Best Price When Selling Your Business

You may think that selling a business is just like selling a house: identify a buyer, support your price with comparable sales, fill out some paperwork, wire the funds and your deal is closed. Unfortunately,...

byChris Vanderzyden

June 16, 2022

Your Business Legacy: Why Succession Planning Is a Crucial Step in Estate Planning

Running your own business is a mammoth task and a considerable investment. Statistics have consistently shown that small business owners have to work longer and harder than the average employee. So, after dedicating so much...

byRenee Fry

May 23, 2022

WJR Business Beat: How to Make A Family Business Last Generations (Episode 402)

In this Business Beat, Jeff talks with Weingartz family members who explain what makes a family business thrive for generations. Tune in to today's Business Beat to learn the characteristics that lead to long-term success:...

byStartupNation

May 4, 2022

Launching a Family Business? Keep These 3 Things in Mind

Are you wanting to start a family business? If so, you’re not alone. According to the United States Census Bureau, roughly 90 percent of American businesses are either family-owned or controlled. The size of these...

byMatt Jeffery

April 11, 2022

5 Strategies to Turn Around a Program Launch That Isn’t Working

If you’re a few days into your program launch and you’re disappointed by lack of results, don’t waste your time by wallowing in what you think is failure. Before diving into these five steps, first...

byEllie Swift

April 8, 2022

The Ideal Pitch Deck Is a Story, a Science and an Art

In the startup world, it's pitch decks, not business plans that get companies funded. A deck is often the first impression an investor will get at the company, so it needs to look stunning. Making...

byJose Cayasso

April 6, 2022

Have a Startup? Make Sure You’re On the Right Fundraising Path

The following is adapted from "Exit Right: How to Sell Your Startup, Maximize Your Return and Build Your Legacy" by Mark Achler and Mert Iseri. Most of us know Travis Kalanick from his meteoric rise...

byMark Achler

March 31, 2022

For the Smoothest Deal Process, Know the 6 Legal Stages of Your Startup’s Acquisition

The following is adapted from "Getting‌ ‌Acquired‌: How I Built and Sold My SaaS Startup" by Andrew Gazdecki. Nothing derails an acquisition faster than legal problems. Legal procedures are the most critical aspect of a...

byAndrew Gazdecki

March 28, 2022

Why Grit is Essential to Your Success as an Entrepreneur

For entrepreneurs building a business, the initial startup stage is an exhilarating time: you’re energized by your idea and engrossed in building the business. It feels like it’ll always be fun. The hard truth is...

byMarjorie Radlo-Zandi

March 28, 2022

How Venture Capitalist Diane Yoo Chooses Her Startup Investments

With so many entrepreneurs and startup ventures seeking investment opportunities, it’s crucial that venture capitalists (VCs) create a list of criteria they want their potential investments to meet. Of course, every VC dreams of investing...

byDiane Yoo

November 16, 2021

12 Keys to Family Business Success

Family members start a major portion of new businesses launched in the U.S. every year. Brothers come to mind, of course, when it comes to family business. Whatever the family ties, however, starting a business...

byThe Sloan Brothers

September 21, 2021

3 Lessons for Balancing a Side Hustle When Launching a Business

Any founder will tell you that starting a new business while working another job (or two for that matter) is lousy. Figuring out what that side hustle, or main hustle, will be to support launching...

byEd Cornell

September 16, 2021

How to Use Talent Optimization to Build a Better Business

The following is excerpted from “The Science of Dream Teams: How Talent Optimization Can Drive Engagement, Productivity, and Happiness” by Mike Zani, pp. 29-35 (McGraw Hill, July 2021).” Through the hot summer of 2018, Elon Musk, the founder and...

byMike Zani

August 24, 2021

4 Important Questions to Ask When Buying a Business Right Now

The market looks vastly different than it did a year ago, which means new opportunities — for better or worse. As businesses reopen, they offer clues to which industries proved to be pandemic-proof, meaning they...

byJonathon Angell

July 29, 2021

This Angel Investor Shares Why You Need an Exit Strategy from the Start

For founders and entrepreneurs building up their business, the initial startup stage typically focuses on the product, technology or service offering. You’re energized by your idea and engrossed in building the best business concepts possible....

byMarjorie Radlo-Zandi

June 7, 2021

Why It’s Key to Have an Exit Strategy Before Starting a Business

Some authors swear that writing the ending of a book first is imperative to the plot. Knowing where you want to end up can be invaluable, as it helps you plan out the beginning and...

byBruce Hakutizwi

February 21, 2018

Your Business May Have Failed, But You Can Still Prevail

Upper Street was a dream for any entrepreneur. The bespoke shoe label, started in 2010 by Julia Elliott Brown and her sister Katy Chandler, allowed customers to design their own shoes online using 3-D technology...

byDottie Chong

January 22, 2018

What’s Your Website Worth and Where Can You Sell It?

As an internet entrepreneur, situations arise where you may need to sell your website and want to ensure you’re going to get the highest price possible. Before you list your website for sale, you’re going...

byJordan Kasteler

January 10, 2018