Make sure you leave something for the grandkids
- November 29th, 2013
- Jeremy
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This is not an unusual story. In fact a liquidator friend of mine in Sydney tells me this story is not uncommon. Many owners get to retirement age or run out of steam and simply wind things down. Then they call my friend in his capacity as a registered liquidator to complete the liquidation. Where there was clear saleable value before, ends up as only fire-sale value. Here is an extract from an excellent book by John H. Brown, “How to run your business so you can leave it in style”that drives home the point of this blog. I met with…
Smarter business exit decisions
- November 16th, 2013
- Jeremy
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Should you be planning on a business exit or liquidity event for your business, back up a little and consider all your options, BEFORE making any major decisions. This post should start you thinking about the many options open to you in a business exit. Do any of these strike a chord? An acquisition opportunity is on the radar A strategic joint venture An unexpected approach from a trade buyer Realisation that its time to exit your business Intergenerational transfer The irony of course is the bigger the challenge and the greater its consequences, it’s often the quicker the fix that is applied – which will inevitably come out of…
