Where Manufacturing Matters

5 Key Questions For the Exit Planning Process

Posted by Larry Gard, Ph.D on Jul 19, 2018 9:52:55 AM

If you’re a business owner, in the future you won’t be.  It’s just that simple.  There is no escaping the reality that eventually you will exit from your business.  Perhaps you will sell it, perhaps you will retire.  You may grow bored with it or you may fall ill.  The list of positive and negative possibilities is vast.  And yet very few business owners engage in proactive exit planning.  Most fail to establish arrangements for a thoughtful transfer of ownership that protects their interests, and the interests of other stakeholders including employees, vendors, and valued clients.
 
This whitepaper is designed for business owners who ought to be working on an exit plan, but haven’t yet done so.  

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Topics: Succession Planning, Business Planning, Exit Planning Process, White Paper, Business Retention, Financial Planning, Three Pillars of Exit Planning, Business Advisor, Trusted Advisor

Does Every Business Need a Business Plan?

Posted by Adam Sonnhalter, Maximum Value Partners on Jun 13, 2016 4:02:10 PM

That’s a great question! Nearly every small business owner I’ve met has been told “You need a business plan”.  What a bunch of BS!

Unless you are looking to raise money for your business, you don’t need to waste your precious time pulling together a 30-50 page business plan that won’t be used.

So what should you do instead?  How about coming up with answers to the following questions:

  1. Where are you today?
  2. Where do you want to go?
  3. How are you going to get there?
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Topics: Accelerate Cleveland Manufacturing, Business Growth, Business Planning, Maximum Value Partners

Five Things to Plan for Before Selling Your Business

Posted by Matt Roberts on Jan 14, 2016 1:00:00 PM

We all know the quote by Alan Lakein, "Failing to plan is planning to fail." This can be especially critical for business owners when they are contemplating selling their business. From our experience, below are five areas where an owner can focus to help maximize the value of their company.

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Topics: M&A, Business Planning, MelCap Partners, LLC

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