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Your Family Business Will Transact: Are You Ready?

Auto Dealer Valuation Insights

Approximately 75% of business owners regret selling their business within the first year following the sale, according to a new report. The emotions of running and owning a family business are complex, and disentangling your identity from the business can be challenging.

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The Silver Tsunami is Here

Viking Mergers

Many also learned that unexpected disasters could severely impact the value of their business. While many are retiring from traditional employment, statistics show that Boomers own more businesses than any other demographic. In fact, according to a 2022 report by Guidant Financial, over 45% of businesses in the U.S.

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Complete Checklist for Selling a Business

Viking Mergers

Without proper direction, selling a business can quickly become overwhelming and chaotic. Selling a Business Checklist: #1 Gather Advisors. Find the following professionals to advise and assist you in the process of selling your business. Even the best-intentioned people can inadvertently compromise your sale.

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Four Traps Boards Should Avoid

Harvard Corporate Governance

Pandemic-related or not, some boards seem to have forgotten their strategic role, inserting themselves into areas squarely owned (and for good reason) by the C-suite. This is especially apparent in cases where an executive retires and takes a seat on the board but can’t leave their former duties alone.

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Have You Done The Math On Your Most Valuable Asset?

Viking Mergers

The closest thing most small business owners have to a business valuation is a speculation. A recent bank survey revealed that 98% of small businesses can’t put a figure on their company’s value. Lack of valuation information limits your awareness of the financial health and well-being of your business.

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Exit Planning Made Easy: 7 Key Elements for a Successful Business Exit

Startup Valuation Blog

Are you planning to exit your business? Read on to learn the 7 crucial elements that you need to include in your business exit plan for a successful transition. It's crucial for small business owners to make future plans, even if that means eventually shutting down their operations.

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How to Facilitate a Strategic Planning Session in 2022 [Strategic Planning Workshop]

Rhythm Systems

This is the role of an excellent virtual planning facilitator that can help you better define your strategy, create a winning annual plan and leave with an action plan to get your annual initiatives done. If you've never run a strategic planning workshop, it is too valuable of a meeting to try on your own.

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