Archive for April, 2015
CEO Confidence Remains High in 1Q15 – Vistage CEO Confidence Index
Confidence among CEOs has remained higher for a longer period
than at any other time in the past ten years, according to a survey of
1,541 small- to mid-sized business owners. The survey, which took
place from March 9 to March 18, 2015, provides a clear snapshot of
current economic, market and industry trends.
The Vistage Confidence Index was 105.8 in the 1st quarter of 2015,
between the 107.5 in the 4th quarter and 101.3 in the 1st quarter of
2014. The recent survey represented the eighth consecutive year-to-year
increase, a new record for the persistence of optimism. The small
1st quarter loss involved all components, although none registered a
significant decline. The stability in CEOs’ confidence stands in sharp
contrast to the slowdown in the pace of economic growth at yearend,
which has persisted into the 1st quarter of 2015. Confidence
in the underlying strength of the economy has been maintained
undiminished despite a number of factors: a harsh winter, a tightening
labor market, rising wage pressures, weakening export demand, and
a pending shift in Fed policy. To be sure, some of these trends reflect
the growing strength of the U.S. economy. Overall, firms anticipate
that the economy will continue to make substantial progress, with
a resurgence in growth as the year progresses.
What are you doing to keep your company moving forward?
Follow these links for more information:
Navix Exit Strategy Checklist – Selling to an Outside Buyer
Every business owner will exit from the business, one way or another. In fact, there are four potential strategies to exit from a privately owned business. Identifying which strategy is yours creates a clear path to plan and execute a successful exit. The four possible business exit strategies are:
1. Pass to Family
2. Sell to Outside Third Parties
3. Sell to Inside Key Employees
4. Planned Liquidation
If your strategy is to sell your business to an outside buyer, in our terminology we call that being an “Outie.” Being an Outie presents may rewards. Sale to a third party may create financial freedom, validate your years of hard work and sacrifice, and launch a legacy as the business continues forward because of your efforts and accomplishment. Selling a business for top dollar, with minimal taxes, while fulfilling your business legacy, takes hard work and preparation. Owners cannot afford to be surprised late in the game and realize they are failing short of meeting the conditions required to successfully exit via sale.
In our experience, there are four absolutely essential conditions that Outies must meet in order to achieve a happy exit. Review the checklist below to evaluate how prepared you are, and to identify actions that will help you achieve a successful exit.
Click this link to open the checklist:
Tim Kinane
Tim is a Consultant to Business, Government and Not-for-Profits Organizations specializing in innovative and challenging ways for organizations to survive, to thrive and to build their teams.
