We have to start thinking positively about the words “exit planning.” You say the words, and owners shut down – could be because of emotional attachment, the fear of change, lack of resources…. Could be worse – could be lack of awareness or procrastination. But guess what? Studies have shown that 75% of those whoRead More…
It was August 1999, nearly 25 years after Ted Gunkel founded Madison Valuation Associates, and he had an important choice to make. He could retire and sell the office furniture and computers, or he could pass the torch of ownership to the next generation of key employees of his valuation firm. Ted wanted theRead More…
Dear Cathy, I’ve owned a plumbing business for 20 years. As I work with my financial planner on retirement planning, I need to gain a better understanding about the value of my business. A little background: I am a licensed plumber and do not have any employees, but my wife takes care of the businessRead More…