Blog Library

70 is the New 50: Aging CEOs Provide Both Opportunities and Challenges for Businesses

Posted by Jane Johnson on Wed, Jun, 12, 2019 @ 11:30 AM

Over the last 15 years, the person occupying the corner office is greyer and staying longer, according to numerous studies. The average age of hire for C-Suite positions has risen 15% since 2005, from an average age of 45 to 54, at the time of hire, according to the Crist|Kolder Associates Volatility Report for 2018.

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Topics: exit planning, succession planning, when should i retire, benefits of older CEO, when should I start my exit plan, Aging CEOS, 70 is the new 50, when should I start succession planning

How to Plan for Life After Your Business

Posted by Jane Johnson on Wed, Mar, 20, 2019 @ 12:43 PM

 
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Topics: exit planning, exit strategy, exit plan, selling my business, Thinking about selling my business, business exit, exit planner, life after my business, retirement plan, life after your business

BTA Market Pulse: 2019 M&A Outlook Survey: It’s Still a Seller’s Market – For Now

Posted by Jane Johnson on Thu, Mar, 07, 2019 @ 01:28 PM

The Details:

A recent survey finds that expectations for the middle-market M&A transactions are high for this year among both buyers and sellers, but many are expecting a slowdown in the next two years.

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Topics: exit planning, exit plan, business exit, market pulse, Citizens Commercial Banking’s annual survey, exit planner, M&A activity, middle-market M&A transactions

2019 Might be the Best Time to Sell Your Business

Posted by Jane Johnson on Thu, Feb, 28, 2019 @ 11:42 AM

2019 could be a pivotal year for business sales, according to Bob House of BizBuySell in a recent Inc. article. For a number of reasons, including the torrent of baby boomer owners looking to sell their businesses and the predicted slowdown of the economy by 2020, he believes that: “For owners waiting on the right time to sell, it might be wise to accelerate the process and make 2019 your selling year.” And, we agree. Let’s discuss some activities that you can start now to prepare for your business transfer in 2019.

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Topics: exit planning, planning to sell a business, sell my business, Thinking about selling my business, Selling your business 2019

Business Transition Academy Launches Free, Online Business Valuation Tool

Posted by Jane Johnson on Fri, Feb, 15, 2019 @ 12:13 PM

What's Your Business Worth? Find Out Now With Our Free Business Valuation Tool

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Business Transition Academy (BTA) is pleased to announce the launch of a free resource for business owners who are looking to exit or transition out of their businesses – our Free Business Valuation tool. It provides owners with a baseline valuation of their business, which as part of an overall Business Ownership Transition Plan, provides clarity and insight into retirement and estate planning discussions, succession planning, and exit strategies. Read More

Topics: exit planning, exit plan, business value, increase business value, how much is my business worth, building business value, business valuation, increasing business value before selling, maintaining business value, business exit

What’s YOUR Business Worth?

Posted by Jane Johnson on Thu, Feb, 07, 2019 @ 10:53 AM

If asked, most business owners would probably say that it’s their goal to sell or transfer their business in order to fund their retirement. And the first question they have is: “How much is my business worth?” They may have a vague idea of what they think it should be worth, but don’t usually have any tangible numbers. More often than not, it’s unrealistically high in comparison to what a buyer would actually pay.

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Topics: Maximizing Business Value, exit planning, business value, how much is my business worth, business exit

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

How to Plan a Successful Business Ownership Transition

Posted by Kathy Richardson-Mauro on Thu, May, 12, 2016 @ 03:51 PM


“While 54 percent of business owners plan to leave their business in the next 10 years, 72 percent [of those] have taken no exit planning action,” according to a recent study. For most business owners, their business is by far their largest asset, and not properly planning for its transfer can put them, and their employees and family members, at risk. Being prepared is the key to success. It starts with owner education, allowing enough time to plan, seeking the best advice, and creating a Business Ownership Transition Plan (BOTP). A BOTP is a comprehensive written document that outlines how and when the ownership of a business will be transferred to others, either internally or externally, in order to achieve the owner’s long-term financial and personal goals.

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Topics: Business Ownership Transition Planning, exit planning, selling a business, business ownership transition, selling your business, selling my business, deal structure, business transition plan

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

5 Things You Can Do Now if You’re Considering Selling Your Business in 2016

Posted by Kathy Richardson-Mauro on Wed, Dec, 02, 2015 @ 09:04 PM

The market for U.S. business sales is hotter than it’s been in years, according to business sales site BizBuySell. It’s a boom time for selling a business and will likely remain that way through 2016. If you’re a business owner who is thinking about selling or transferring your business to someone else within the next year, you need to start preparing. You want to make sure that you’re ready to sell when the time is right from a market perspective and from a business and personal standpoint as well.

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Topics: exit planning, exit strategy, business value, business owner, business transition planning, selling your business, end of the year business planning, selling your business in 2016