What’s Next?

Beach house porch

Business owners deal with this question daily.  It can be the question asked when a significant account is landed and there is now a need to figure out how to deliver.  It can be the question asked in exasperation when a series of unfortunate events happen in rapid succession. It is also the question asked [...] Read more »

Transferring Your Family Business to a Child Can Have More Complications Than You Think

Money Path

You are probably saying to yourself, “I know when I am going to retire and I know my son/daughter wants to take over, so what could possibly prohibit that from happening?” Unfortunately, lack of a capable or interested successor for your business is not the only problem. The most significant challenge to family business owners [...] Read more »

Does your company have a succession plan?

Many succession plans exist only the minds of the owners but are never formalized or discussed with family members or business partners. In the article “Death of a Small Business Owner” there are some unfortunate examples of why it is important to formalize a succession plan. “A good succession plan takes five to seven years [...] Read more »

Jon Fudeman’s February Newsletter

WHAT IS A BUSINESS WORTH? February, 2011 Now that I help owners sell their business (I think the hot new term is Exit Planning) I find people are asking me frequently: What is my business worth?  That is, how much can I sell it for?  Frankly, I am finding a lot of misconceptions. Some business [...] Read more »

When is the right time to exit your business?

DoneDeals

Making the “Right” Exit We came across an article last month that discussed business owners who regret the exit they made over the last few years and in some cases end up buying back the business after selling to the wrong buyer. At Beacon we understand the sale of a business is a process not [...] Read more »