As I have built my practice I have found that one of the most valuable services I provide to my clients is connecting them with the right trusted advisors. These trusted advisors must provide the best service and value. Finding and retaining great professionals is not easy, nor is it without risk.
What is it and why you should prepare for it According to www.Investopedia.com, Due Diligence (DD) is defined as follows: Due diligence (DD) is an investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to a sale. Generally, due diligence refers to the care a reasonable person… Read more »
Employee Stock Ownership Plans (ESOPs) can make wonderful business exit vehicles in some circumstances. That said, ESOPs are commonly misunderstood and prematurely dismissed from consideration by business owners when considering a business exit. Some would even go so far as to compare the claims of ESOP proponents to the works of the ancient Greek writer… Read more »
We know. Its hard to keep up with so many terms. What are the differences between exit planning, succession planning, and transition planning? There is no right answer, but here’s how we keep the terms straight. Succession Planning Succession planning is a process for identifying and developing new people to assume leadership positions.… Read more »
Recently I blogged about the need for goal setting in the form of a 2016 budget aka “Profit Plan.” You say “I’ve done that in the past, and it didn’t pan out.” I understand, but consider this. As if on cue, a close friend and brother recently referred me to a great book entitled “The… Read more »