Selling Your Business

5 Ways to Avoid Bankruptcy

Entrepreneurs and small-business owners have many stresses to deal with, and due to their level of both financial and emotional investment, may end up heading towards bankruptcy without being fully aware of the circumstances. Being on the lookout for warning signs is obviously key, but there are other steps you can take to salvage a bad situation. I interviewed Jon Paul Kelly … [Read more...]

Understanding ESOPs and How They Can Benefit Small Business Owners

A large, demographic shift is occurring. The baby boomer generation is now experiencing significant wealth accumulation and its inevitable distribution.  Many business owners from the "boomer" generation are now in the position to turn over the reins of their businesses to the next generation or to the highest bidder.  However, what if the business owner wants to see his or her … [Read more...]

When Selling a Business, Mind Your Emotions

It’s not easy stepping back from a business you’ve spent your whole life building. Not only is the company a source of income, for many entrepreneurs, it’s how they define themselves: innovator, leader, employer. Even a sale to a family member can be emotionally charged. Over the years, I’ve seen many situations where the business owner managed to keep his or her feelings in … [Read more...]

Do You Have an Exit Strategy?: An Interview with Dr. Pamela Dennis

According to Dr. Pamela Dennis, most business owners wait too long to start thinking about, and planning for, the sale of their businesses. In this interview, Dean Rotbart of Monday Morning Radio talks with Dr. Dennis about how she advises business owners who are seeking to develop exit strategies for leaving their businesses, and also how she helps them prepare for life after … [Read more...]