Business Owner Insights
Exit Plan vs. Succession Plan: Which Is For You?
When it comes to planning the future of your business, you’ll hear two terms over and over: exit plan and succession plan.
While they might sound similar, these paths represent two very different ways to transition out of your business and each requires a unique mindset and set of goals.
The Art of Letting Go: What Every Business Owner Needs to Know
If the words “exit” or “succession” sound like giving up, think again. Having the right plan is not about walking away; it’s about ensuring a smooth transition when the time comes.
Let’s look at why every business owner needs the right exit or succession strategy and more importantly, how to create one.
Employee Ownership: A Great Alternative to Selling to Trade
Business owners often find themselves at a crossroads when it comes to the future of their companies. One traditional path has been to sell the business to a trade buyer or an external investor. However, an alternative approach has advanced – employee ownership. This model offers an alternative exit strategy and comes with many benefits for business owners.
The Key Differences: Venture Capital, Private Equity and Employee Ownership
When it comes to selling a business there are various options to choose from. Three prominent options are: Venture Capital (VC), Private Equity (PE), Employee Ownership (EO) .
While all three serve to support businesses in growth and development, they differ significantly in their approach, focus, and impact on a company.
A Season for Reflection, Family, and the Gift of Employee Ownership
Giving the gift of Employee Ownership. Amidst the merriment, thoughts often turn to our professional lives - the jobs we dedicate countless hours to and the impact our work has on our well-being. This holiday season, consider the possibility of a workplace where employees aren't just contributors but valued stakeholders, a concept known as employee ownership.