Working Backward: 3 Questions to Ask During Your Exit Planning
Do you remember trying to solve a complex maze as a child? You’d start at the beginning, trace a line toward what you thought was the correct path to the [...]
Five Reasons Owners Sell Their Companies to Key Employees
Your key employees are usually an integral part of your business and its success. So when it comes time to sell, it’s no surprise when owners choose to sell the [...]
3 Things to Remember About Third-Party Sales
As a business owner, you’re likely used to having as much control over how your business functions as possible. You’re the go-to person for big decisions and you own the [...]
Key Employees and Covenants Not To Compete
Covenants not to compete are meant to protect a business but can harm the employee and prove unenforceable. JMCO partner Roger Swanger explores how to approach such covenants in regards [...]
What Business Owners Assume About Financial Planning Hurts Them
One of the most important goals of exit planning is to position business owners for post-exit financial security. To do that, business owners and their advisors must have several pieces [...]
The Dangers of Transferring a Business to Children Without Planning
After building a successful business, many owners decide on transferring their business to their children. Too often, those owners assume that transferring a business to children will go smoothly and [...]