Blog Library

Business Owner Webinar: Can Your Business Survive a Lawsuit?

Posted by Jane Johnson on Thu, Apr, 19, 2018 @ 11:50 AM

Join BTA for our free Business Owner Webinar all about Risk Management and Insurance: Critical Components for Maximizing Your Business Assets

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Topics: risk management, can your business survive a lawsuit

How New Tax Reform Law Will Impact Selling Your Business

Posted by Jane Johnson on Mon, Mar, 26, 2018 @ 06:03 PM

About the Tax Reform:

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Topics: tax reform

Which Business Transition Strategy is Right for You? 

Posted by Jane Johnson on Mon, Mar, 19, 2018 @ 05:16 PM

An Overview of Business Ownership Transition Strategies

Owners often believe that when the time comes for them to retire, they’ll simply sell or pass on their business and move on to the next phase of their lives. The reality is it’s a complex process not an event. When considering selling options, owners typically focus on the financial considerations, often assuming that the higher the sales price, the more they will net – but that might not necessarily be the case – 30% to 50% of the sale proceeds could be consumed by taxes and fees. Thinking about selling to a third-party buyer? Did you know that only about 25% of businesses that go on the market actually sell? Or, maybe you want to pass your business on to your children. Did you know that less than one-third of family businesses survive the transition from first to second generation ownership?

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Topics: business transition, ESOP, Free Business Transition Resources, planning business transition, selling my business to a third party, warren buffett, external business transition, internal business transition

Small Business Transactions Reached Record Highs in 2017, Up 27% from 2016

Posted by Jane Johnson on Thu, Mar, 08, 2018 @ 01:30 PM

The Details:

According to a recent report, a record number of small businesses changed hands in 2017, up 27% from 2016. 2017 represents a significant increase, with 9,919 closed transactions reported compared to the 7,842 in 2016. This year-over-year growth rate is the largest since 2013.

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Topics: small business market

Big Shoes to Fill – What to Do When Succession Requires More than One Successor

Posted by Jane Johnson on Fri, Mar, 02, 2018 @ 11:01 AM

In our recent article, “Warren Buffet, Mortality, and the Importance of Succession Planning,” we discussed a few aging, high-powered CEOs at publicly traded companies, and the challenge of finding their successors. Two of these stories highlight an interesting challenge when it comes to replacing certain chief executives – sometimes it takes more than one person to replace the skill set, experience, expertise – and even charisma – of the outgoing leader.

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Topics: succession planning, succession, Grooming a successor, family business successors, choosing a sucessor, warren buffett

Warren Buffet, Mortality, and the Importance of Succession Planning

Posted by Jane Johnson on Wed, Feb, 07, 2018 @ 04:37 PM


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Topics: baby boomer businesses, Grooming a successor, succession plan, baby boomer business owner, baby boomer retirement, aging CEO, choosing a sucessor, warren buffett

It's 2018 - Time to Get a Plan!

Posted by Jane Johnson on Thu, Jan, 25, 2018 @ 04:50 PM

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Topics: business transition plan, business owner planning retirement, baby boomer business owner, Business ownership transition plan, increasing business value before selling, sell my business 2018, baby boomer retirement

Will Your Business Survive Digital Due Diligence?

Posted by Jane Johnson on Tue, Jan, 16, 2018 @ 11:23 AM

businessman-3075828__340.jpgPerception is reality. And now more than ever, your online perception of your business is reality. What’s the first thing you do after you meet someone in a business context or learn about a new company that you’re interested in? You probably do an online search and check out their website, social media presence, reviews, etc. As it turns out, private equity firms (PEFs) and other types of buyers or investors are doing the same thing as they scope out potential investment, merger and acquisition (M&A) opportunities.

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Topics: due diligence when selling your business, selling to a private equity firm, selling your business to a private equity firm, sell my business 2018, 2017 M&A activity, online presence, online due diligence

All Signs Say that 2018 May Be an Ideal Time to Sell Your Business

Posted by Jane Johnson on Wed, Jan, 03, 2018 @ 04:28 PM


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Topics: sell your business, sell my business 2018, 2017 M&A activity, tax reform selling a business, tax reform

Retirement Shouldn’t be Detrimental to Your Health

Posted by Jane Johnson on Tue, Dec, 05, 2017 @ 12:18 PM

Like most business owners, you have probably invested many years of your life and a large portion of your financial resources in your business, taking precious little time off to focus on yourself outside of the business. Frequently, owners are so focused on their business that their other passions fall off the radar. And after working in the business for so long, you are probably not used to thinking about yourself independently from the business. Chances are – even if you’re getting close to thinking about selling your business and retirement – you’re still putting yourself last, focusing mainly on the financial aspects of a transition. However, the non-financial aspects and, dare we say it, emotional preparation are also an essential part of the transition process. In fact, before anything else, the first step in our 6-step Business Ownership Transition Process is “Getting Yourself Prepared.”  

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Topics: Business owner readiness, business owner retirement, planning for retirement, preparing for retirement, business owner planning retirement