Many owners dream of passing the business to a child or family member. The family name continues.Employees stay with familiar leadership.Customers see continuity.The owner’s life work remains connected to the next generation. But family succession is not automatically simple. In fact, it can be one of the most emotionally complicated… Read More »Family Succession: Protecting the Business and the Family
What a WATT morning! We went from Arizona’s water future, to financial empowerment, to health insurance realities — all before lunch! Annmarie opened our eyes to just how Arizona uses water, including the impact of agriculture, municipalities and industry, the realities of our megadrought, and the proactive steps Arizona has… Read More »WATT Power
Family succession can be beautiful. It can also be messy. Good intentions are not enough when value, control, timing, and payment terms are unclear. This Thursday, I’ll cover why family succession should start with value — not assumptions. Start with a Selling Price Analysis before the family conversation gets emotional.
In many types of businesses, “customer concentration” can be a real concern, with a few big customers that make up a substantial portion of the company’s revenues. Buyers, of course, are concerned that if any of those big customers leave after the sale closes, the buyer is not getting the… Read More »Tip #91 Does the company have a customer concentration issue?
Selling to an employee or management team can be a powerful legacy option. The buyer knows the business.Employees may feel secure.Customers may experience less disruption.The owner may feel the company is in trusted hands. This can be especially meaningful for owners in smaller Arizona communities where the business is part… Read More »Employee and Management Buyouts: Loyalty Meets Structure
What happens when you put a room full of smart, accomplished women together? Business ideas. Life updates. Celebrations. Shopping advice. Grandbabies. Jean jackets. And, of course, plenty of laughter. Nicole had us all thinking about something very important: What should I wear? After 16 years styling businesswomen, Nicole has made… Read More »The butterfly effect
Sometimes the best buyer is already inside the company. A general manager.A key employee.A leadership team. They know the customers, culture, and operations. But wanting to buy the business and being able to buy it are very different things. This Thursday, I’ll explain what owners should consider. If an employee… Read More »Your Best Buyer May Already Work for You
Business owners can manage their financials as they wish (within standard accounting principles). But when it comes time to sell their company, it becomes a whole new ball game. Buyers and lenders will scrutinize everything, especially questionable items on the financials. If there are items that do not make sense… Read More »Tip #90 Clean up the Financials!
A competitor can be a very logical buyer. They understand your industry. They may know your market. They may see value in your customers, employees, contracts, location, and reputation. That can create strong strategic value. It can also create exposure. A competitor may want access to: That does not mean… Read More »Competitor Buyers: Value, Risk, and Confidentiality
Loren Yaskin kicked us off with five creative shifts that make communication notable and a great reminder that communication is not just about what you say, but how you make people feel. One of the biggest takeaways: show, do not just explain. Use visuals, examples, and a little creativity to… Read More »Women Rising
