How to find right fit with your banker.
Size does matter when it comes to designing an exit strategy for your business. Buyer demographics, valuation multiples, completed transactions, financing structure and available debt are just some of the variables that differentiate “Main Street” companies, defined as those with a value up to $2 million, from “Lower Middle Market” companies, defined as those with a value between $2 million and $50 million.
EXIT PLANNING STRATEGIES
An amazing 40 percent of American workers will be classified as freelancers by 2020, according to the Bureau of Labor Statistics. Once the province of recent graduates and those “in between” jobs, the wave of the future seems to be contract work as a long-term career for millions of Americans.
With the right education and planning, transferring company leadership can be handled in a strategic and well thought-out manner. After years of helping business owners and families, I want to share some straightforward steps to help ensure a successful transition.
EVERCORE WEALTH MANAGEMENT
Things are going well. There’s no urgency to think about what to do next.
Then the “unexpected event” happens, and suddenly you need to hastily plan an exit in a crisis environment. From your experience in creating and building a business, you know this kind of reactionary planning usually results in lost income, personal and family stress and unintended consequences.
POINTS OF VIEW
HOW TO UPSIZE gives you access to a wide range of how-to articles written by experts in areas critical to business growth.