Archive for August, 2016
To Tell or Not to Tell
The Dilemma of Talking with Key Employees about Your Exit
One of the most common question for a business owner is who or how many of his key employees should know about his or her exit plans? On the one hand, confidentiality is an important issue and owners rightly have concerns about too many people knowing about their exit plans. On the other hand, it is difficult if not impossible to effectively prepare a company for exit without including the business’s top leaders in the conversation, openly and transparently.
The answer is to define precisely which employees need to be included in the process. The following short video offers several tips and guidelines on how to resolve the dilemma.
To find out more about this process and exit planning solutions contact us and ask about our complimentary proprietary tools and checklists. All inquiries are confidential.
The 12 Steps Required to Successfully Sell Your Business to an Inside Buyer
Once you decide that your exit strategy is selling your business to an inside buyer, we call that being an “Innie”, you need to gear yourself for a successful transition. It is never too early to start the planning process. As buyers, key employees can threaten the success of the sale of your business.
In our experience, there are twelve essential conditions that Innies must meet in order to achieve a happy exit. Download the NAVIX Exit Strategy Checklist- Selling to an Inside Buyer and watch the video below to evaluate how viable selling your business to an inside buyer may be. Use the checklist as a guideline to identify actions that will help you achieve a successful exit using this strategy.
Contact us to learn more about a customized plan for your successful exit – all inquiries are confidential.
Watch the video below and download the complimentary case studies.
For more information on this subject, read these two case studies:
An Exit Planning Case Study: Third Time is the Charm
An Exit Planning Case Study: The Best Deals are the Ones You Don’t Do
Contact us to learn more about planning and achieving your own happy exit.
The 12 Steps Required to Successfully Sell Your Business to an Inside Buyer 7 2016
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.
