Tag: exit planning

Your Exit Strategy

If you are thinking (or should be thinking) about exiting your business, now is the time to begin working on your exit strategy. Unfortunately, this is new territory for the vast majority of business owners. Many have concerns about the value of the business and very few know how to start the exit process. Finally, some… Read more »

Managing Cash Flow Complexities – Part 3: Establishing Priorities

Establishing priorities is critical to just about every facet of our lives.  I have a good friend who gained a lot of wealth by speculating in commodities futures.  Over many years he built up a lot of cash flow, but then in a short series of bad trades he lost just about everything in his life, including… Read more »

What in the World is T.E.E.M.M?

If you are a business owner, at some point in your life you will probably want to start thinking about this acronym –  T.E.E.M.M. (pronounced “team”).  Why?  Because at some point you may want (or need) to exit your business…either through a sale, the formation of an ESOP, passing it to your descendants, or by other means. There are several key… Read more »

Sales Growth for Entrepreneurs

Need help in planning and executing sales growth opportunities in your small business? The Goldman Sachs 10,000 Small Businesses is a $500 million investment to help entrepreneurs create jobs and grow sales by providing improved access to education, financial capital, and business support services. The program currently operates in Chicago, Cleveland, Detroit, Houston, Long Beach,… Read more »

Looking to sell your business? Consider this. . . .

Selling one’s business is easier said than done.  There are a plethora of issues that, if addressed methodically with the right team of professional advisors can greatly improve the odds of a successful sale.  If they are not addressed by the proper advisors these issues will significantly reduce the chances of success.  In fact, some… Read more »

MSSB and B2B CFO® Form Alliance

Morgan Stanley Smith  Barney Announces Alliance with B2B CFO Professional alliance offers more holistic approach for business owners   Morgan Stanley Smith Barney has announced a new national alliance with B2B CFO, the largest CFO services firm in the United States.  This agreement provides an innovative blueprint for a coordinated effort to meet both the corporate   and… Read more »

A retrospect of my 39-years-and-counting career in accounting

I am fortunate to have grown up in lower-middle class, urban Sioux City, Iowa during the relatively simple Happy Days of the 1950’s, where my only worries were how a couple of girls at Emerson Elementary might react to my May Day and Valentine Day cards, sitting at the table until I finished my mashed… Read more »