Business transition planning 2015

izikizik at izikizik
DOWNLOAD THAT BOOKS INTO AVAILABLE FORMAT (2019 Update) ......................................................................................................................... ......................................................................................................................... Download Full PDF EBOOK here { http://bit.ly/2m6jJ5M } ......................................................................................................................... Download Full EPUB Ebook here { http://bit.ly/2m6jJ5M } ......................................................................................................................... Download Full doc Ebook here { http://bit.ly/2m6jJ5M } ......................................................................................................................... Download PDF EBOOK here { http://bit.ly/2m6jJ5M } ......................................................................................................................... Download EPUB Ebook here { http://bit.ly/2m6jJ5M } ......................................................................................................................... Download doc Ebook here { http://bit.ly/2m6jJ5M } ......................................................................................................................... ......................................................................................................................... ................................................................................................................................... eBook is an electronic version of a traditional print book that can be read by using a personal computer or by using an eBook reader. (An eBook reader can be a software application for use on a computer such as Microsoft's free Reader application, or a book-sized computer that is used solely as a reading device such as Nuvomedia's Rocket eBook.) Users can purchase an eBook on diskette or CD, but the most popular method of getting an eBook is to purchase a downloadable file of the eBook (or other reading material) from a Web site (such as Barnes and Noble) to be read from the user's computer or reading device. Generally, an eBook can be downloaded in five minutes or less ......................................................................................................................... .............. Browse by Genre Available eBooks .............................................................................................................................. Art, Biography, Business, Chick Lit, Children's, Christian, Classics, Comics, Contemporary, Cookbooks, Manga, Memoir, Music, Mystery, Non Fiction, Paranormal, Philosophy, Poetry, Psychology, Religion, Romance, Science, Science Fiction, Self Help, Suspense, Spirituality, Sports, Thriller, Travel, Young Adult, Crime, Ebooks, Fantasy, Fiction, Graphic Novels, Historical Fiction, History, Horror, Humor And Comedy, ......................................................................................................................... ......................................................................................................................... .....BEST SELLER FOR EBOOK RECOMMEND............................................................. ......................................................................................................................... Blowout: Corrupted Democracy, Rogue State Russia, and the Richest, Most Destructive Industry on Earth,-- The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company,-- Call Sign Chaos: Learning to Lead,-- StrengthsFinder 2.0,-- Stillness Is the Key,-- She Said: Breaking the Sexual Harassment Story That Helped Ignite a Movement,-- Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones,-- Everything Is Figureoutable,-- What It Takes: Lessons in the Pursuit of Excellence,-- Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!,-- The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness,-- Shut Up and Listen!: Hard Business Truths that Will Help You Succeed, ......................................................................................................................... .........................................................................................................................
Vor 1 Monat Antworten

Sind Sie sicher, dass Sie … Ja Nein

Ihre Nachricht erscheint hier

B2BPlanner Ltd. at B2BPlanner Ltd.
Vor 4 Jahren

Aufrufe

Aufrufe insgesamt

719

Auf SlideShare

Aus Einbettungen

Anzahl an Einbettungen

Aktionen

Geteilt

Downloads

Kommentare

Gefällt mir

Einbettungen 0

Keine Einbettungen

Keine Notizen für die Folie

How many people here have a retirement plan? Why?
Who has their entire retirement plan in one stock?
How many have an equivalent business transition plan? Why not?
A big part of retirement and business transition plans is tax and estate planning to keep as much as you can.
This will be a central aspect that Chris will talk about while Gerry will discuss how to maximize the sales value of a business.

A huge number of baby boomers 55 and older who own successful businesses are at a point where they need to consider how their business will impact their future, and that of their family.
The statistics regarding the ability of these owners to successfully transition their business are tragic.
A particularly dangerous transition that is overlooked by most owners is the unplanned inability to work due to illness or an accident. Even worse is if the owner dies unexpectedly.
In these situations it is quite possible that the business could end up costing surviving spouses money.
The stories we have heard from people about this situation has motivated us to put together an initiative to educate and assist businesses in the Dayton area to successfully plan their exit from their businesses.

The process…
Document goals and a choice of exit path,
Consider alternatives , and
React quickly to unexpected events

Why is this?
Lots of reasons, mostly emotional, and none logical

There are a number of possibilities for business transitions.
Some are planned and some are not.
Too often a business is just shut down with no financial benefit to the business owner.
Planning should equip you to effectively deal with all possibilities –
One question a plan answers is, who is capable of running the company if the owner can not?

The key questions that need to be answered are
How much do you and your family need from your business?
Is the business worth that much today?
What has to be done to increase the value of the business to the amount needed?
What do you need to do to retain the maximum proceeds?
How will you get there from here?

I would like you to answer these questions about your situation, or that of your clients.
If you can only answer one positively, we need to talk.

These facts contribute to the other fact that 3 out of 4 businesses fail to transition successfully.

Some additional facts will not make you fell better.
The fact will be a wave of over 5 million businesses for sale as baby boomers exit the workforce.
But only 1 out of 4 businesses listed will actually be sold based on historical data.
How do your feel about these odds for you or you clients? Would you put your 401k plan on the line with 1 in 4 odds?

Hell, you get 50-50 odds on the craps table at a casino. Might as well do that and have more fun.

Ok, don’t sell.
Another concerning fact is that about 30% of inherited family businesses will survive into the second generation.
Again, go to the casino and try you luck.
Or, improve your odds significantly by taking the time to plan a business transition

If this sounds to you like the discussion about retirement planning, it is.

Because businesses can sell at a multiple of from 3 to 8 times earnings, the effort you put into improving your business benefits from financial leverage.
The math is that for every $1 you can add to your bottom line, you can put up to $8 in your pocket from a business sale.
The result is another fact: you can make at least $1000 per hour by executing a good transition plan.

So how hard is it to create and execute a transition plan?
Not too hard, but not too easy. In fact it can be done in a few months while still running your business.
The process takes discipline and a team of knowledgeable people working with you.

The team makeup depends on the transition type and business situation, but typically would include this group of advisors and advocates, some of whom may already be in place and some that are probably not, such as the business broker.
All member should be trained in the specialized aspects of business transition.

A multiple of EBITA or earnings before interest and taxes is one way used to value a business for sale.
A sellability score has been developed by the authors of “Built to Sell” which uses a number of factors discussed to determine the EBITA multiple for a given set of business operating characteristics. They claim that businesses that can achieve a sellability score of over 80 can realize a 71% increase over a similar business with an ‘average score”. By focusing on the factors that have the lowest value, a business can increase it’s multiple by improving these individual areas.

The International Business Broker Association (IBBA) and M&A Source, in partnership with the Pepperdine University, have summed up survey results from 250 respondents about businesses being marketed and sold in the United States. The data was drawn from businesses listed for sale and sold during the second quarter of 2014 from “Main Street,” defined as those with a value up to $2 million, as well as from the “Lower Middle Market,” defined as those with a value between $2 million and $50 million.

There are a number of factors contributing to the sellability score, and the focus of the improvement effort is on those items having the lowest scores which are those that will most increase the multiple.

How can we overcome the emotions of fear, anger, frustration which are
all magnified when personal or family relationships are involved as is the case with most small businesses.
The way to deal with this, is the same way you would in any situation – be open and communicate to build trust and remove uncertainty.

Business transition planning 2015

B2BPlanner Ltd.

Business transition planning 2015