eXITS Monthly Newsletter
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Upcoming 2010 Events |
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Volume 1, Issue 3 |
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Guest LecturesMarch 18, 2010 April 20, 2010 May 19, 2010 Business Owner
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Frequently Overlooked, but ALWAYS Powerful – The Need to Build Value for a Successful Exit |
Ed Wekesser President Fulcrum Business Solutions, Inc. Guest Lecturer March 18, 2010 Click Here for Details Value… Business Value. As entrepreneurs we tend to think of the value of our businesses only when we need to; and typically, that’s when we are looking to finance something – a working line of credit, new machinery, a building or land, possibly even an acquisition. But what happens when we decide it’s time to sell the business; time to EXIT? As we all know, business value is not created evenly, year to year. It comes in spurts with some years better than others; and at times, our businesses lose value. And, most of the time we as owners just aren’t focused on the overall “value” of our businesses – we have too many other issues to take care of. The problem arises when we as owners decide it’s time for us to leave the business. This could mean we’ve reached a point where we just want to retire; or it could mean ownership issues have become so difficult we either want to or “have to” move on; or it could mean the business is at a point where it needs to grow rapidly by acquisition (and ownership control will be lost); or our business will be best served if it is acquired. And, for a only few very well organized owners it may mean we have been actively planning our exit and the circumstances are now right to move forward. Regardless of the issue that finally triggers an EXIT decision, when the time comes the actual dollar value of the business is now very important. On March 18 Ed Wekesser and Doug Hawkins will engage you in an open panel discussion about building value in your business; being intentional about it; and how and why (or why not) you may want to think about engaging outside resources to help in this process. |
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Ed Wekesser