Blog Library

Join the New England Chapters of XPX and AM&AA for a Joint Winter Social at Jack's Abby Brewery

Posted by Jane Johnson on Tue, Jan, 29, 2019 @ 11:12 AM

Join us for the XPX and AM&AA New England Joint Winter Social at Jack's Abby Brewery

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Topics: exit planning, business transition planning, Exit Planning Education, Business owner education, exit planning exchange, business owner networking, AM&AA, exiting planning professional

Beyond the Great Unknown: Overcoming Fears about Transition Planning and Retirement

Posted by Jane Johnson on Thu, Jul, 20, 2017 @ 03:02 PM

In a recent post Baby-Boomer Business Owners Are Still Not Planning, we talked about some of the reasons why business owners aren't planning for their eventual transitions and retirement, including the complicated emotional issues that emerge around finality, mortality - and a loss of one's sense of self and purpose. 

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Topics: business transition planning, business owner retirement, planning for retirement, business owner fear

Baby-Boomer Business Owners Are Still Not Planning

Posted by Jane Johnson on Tue, Jun, 20, 2017 @ 02:03 PM

When you consider that the majority of business owners are baby-boomers, it's surprising that only around 40% of them have a business transition plan in place, according to a recent report from RBC Wealth Management Services

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Topics: baby boomer businesses, estate planning, succession planning, business transition planning, baby boomer business owners, business transition plan

Should I Consider an ESOP for My Business? Part 2

Posted by Jane Johnson on Wed, Apr, 05, 2017 @ 06:32 PM

In part 1 of our series on ESOPs (Employee Stock Ownership Plans), we discussed some of the basics of these plans, including some of the major benefits of this type of transaction for a business owner. During our recent webinar with ESOP attorney Tabitha Croscut, we delved further into some of the finer details of what ESOPs are, how they work, and what types of companies are good candidates for ESOPs.

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Topics: business transition, business transition planning, due diligence when selling your business, ESOP, Employee Stock Ownership Plan, business transition plan

Gaining Closure After Selling a Business

Posted by Jane Johnson on Tue, Jun, 14, 2016 @ 12:45 PM

Euphoria, exhilaration, and relief are probably the emotions that most business owners expect to feel after selling their businesses. After all, this is the day they have long been waiting for; they have likely spent years anticipating the way life will be once they have sold their company and moved on.

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Topics: exit plan, business transition planning, selling your business, sell my business, preparing for retirement, planning to sell your business, closure after selling business, seller's remorse

Creating Your Perfect Calendar: How to Prepare Yourself to Sell Your Business and Create a Plan for the Life You Want to Lead

Posted by Jane Johnson on Wed, Feb, 24, 2016 @ 03:33 PM

If you’re like most business owners, you have invested some (or most) of the best years of your life and most of your financial resources in your business. And you have taken precious little time off to focus on yourself.

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Topics: exit planning, business value, business transition planning, selling your business, tax planning, Create Your Perfect Calendar, tax planning for business owners, business valuation

Advisors Beware: Are You Working With Your Clients’ Heirs and Successors?

Posted by Kathy Richardson-Mauro on Mon, Feb, 22, 2016 @ 02:08 PM

“66% of children fire their parents' financial advisor after they receive an inheritance,” which is significant, especially given that: “Over the next 30 years, an epic $30 trillion will be passed down from baby boomers to Generation X to millennials,” according to a recent article “The Great Wealth Transfer is Coming, Putting Advisors at Risk” in Investment News.

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Topics: business transition planning, business transtion, business advisors, Great wealth transfer, Business advisors for family business

The Great Wealth Transfer is Coming, Is Your Practice Ready?

Posted by Kathy Richardson-Mauro on Tue, Feb, 16, 2016 @ 12:21 PM

If your practice consists of primarily business owners, it could be at great risk. According to a recent article in Investment News Magazine, Game Changers - Generational Planning, “a whopping 66% of children fire their parent’s financial advisor after they receive their inheritance.”  

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Topics: free webinar, business transfers, business transition planning, Business transition team, Business advisors for family business, helping your financial clients

The Process of Selling Your Business to an External Buyer

Posted by Jane Johnson on Tue, Jan, 05, 2016 @ 09:30 AM

We’ve said it many times: Selling your business is a process! And, it can be long and arduous – 9-12 months or longer. Make no mistake, there will be a tremendous amount of work involved. The world of third-party transactions is a complex world and an expert “team” is needed to make your transaction a success. Your team should consist of key players, including an intermediary – a broker or investment banker who will help you sell -- and a number of other key advisors who should be involved in the process.

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Topics: Selling Your Business Externally, business transition, business transition planning, selling your business in 2016, process of selling a business

Understanding Your Buyer to Position Your Business in the Best Light

Posted by Kathy Richardson-Mauro on Mon, Dec, 14, 2015 @ 06:04 PM

The process of business transitioning is an art, not just a transaction. And by developing your business transition plan, you have the power to create the art. Once you’ve determined your goals, quantified your financial needs, improved your business value, and understand your options, the art is in how you manage the transaction to ensure a successful outcome. This involves understanding what different buyers are looking for so you may position your business in the best possible light. Here are some things you will need to do:

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Topics: business transition, business transition planning, selling your business, Understanding potential buyers for your business, positioning your business to sell, buyers for your business