By Paul West
Whether it’s because you want to keep the business “in the family” or because you suspect you will not be able to find a good buyer for your business, you might be thinking of selling your business to an employee. The first thing to look for is the kind of employee who can and should …
By Paul West
Sometimes when planning the next chapter in your life, the most important people feel left out. Deciding to transition out of ownership of your business is one of the most important decisions a business owner can make, so it only makes sense to include your loved ones in that planning. How …
By Paul West
Many business owners love the companies they’ve founded, whether it’s because of the work they do, the changes they effect, the money their companies provide, or something else. When you carve out a comfort zone within your business, you might question why you would want to plan for your bu …
By Paul West
Economic crisis and business disruption make it necessary to revisit the existing plan for the future of a business, and sometimes it becomes necessary to return to the beginning of the planning process and retrace our steps. But how long does that take? Here is an overview of what to expect.