In addition to the uncertainties that business owners typically grapple with, 2020 has brought us the pandemic. What are the consequences for business continuity planning? Business continuity planning is particularly important for sole-owner businesses with fewer than one hundred employees. In such a business, if the owner becomes disabled or dies, there is a danger that some employees will fear… Read More
In 1997, fans of the British rock group Marillion began an internet campaign to raise funds to finance a U.S. tour. The campaign, which was not organized by the band, raised $60,000. The band picked up on this idea and in 2001, funded the production and distribution of its album Anoraknophobia by preorders from its fans without the involvement of… Read More
On November 3, 2015, the S&P 500 Index (a better measure of the overall market than the Dow Jones Index) stood at 2,109.79. As I write (on January 14), the S&P 500 stands at about 1,880, a decline of almost 11%. What, if anything, does this mean for the valuation of privately held companies and the 2016 M&A environment? In… Read More
On May 1, 2014, I conducted a webinar entitled, “How to Leave Your Business in Style” in conjunction with Central Penn Business Journal. If you couldn’t attend the webinar, I am including the Powerpoint and audio files below for your reference. (1) The Powerpoint slides. Webinar 5-1-14 How to Leave Your Business in Style (2) The audio playback. The Powerpoint and audio can be… Read More
As I wrote in my previous blog post, I recently invited John Brown, the leading North American authority on succession planning, to Lancaster. I sat down with him to get his personal insights on succession planning following his presentations with business owners and professional advisors. To begin with, he stated that two major problems facing business owners wanting to retire… Read More
I invited John Brown, a Colorado native who is the leading authority in North America on exit planning for business owners, to make two presentations in Lancaster on February 5, 2014 before a select group of ten business owners and five professional advisors. Brown’s presentations focused on the planning process for sales to “insiders” (key employees and family members) as… Read More
