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7 Situations Where Business Owners Should Consider Bringing In Outside Investors

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You believe your business would grow faster, if you had more cash. Or, perhaps you’d buy out that partner who’s not in sync with the direction the company is going in, if you had more cash. Or, perhaps you’d take some cash home to diversify your wealth and sleep better at night, if you had more cash. Whatever your specific need is, perhaps you’d do it—if you had more cash. That’s just the thing though. How do you get more cash to accomplish your business needs, without giving up too much in return, or taking on more risk than you should?

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How to Reach Financial Freedom When You Sell, and How to Stay There

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Time after time, client after client, research study after research study, the answer remains the same—business owners’ number one goal at exit is to achieve their financial win, whatever amount that might be. In our experience, the most common financial goal is to reach financial freedom, which we define as getting to the point where working is a personal choice, not a necessity. Money cannot buy happiness, but business owners who have successfully reached financial freedom seem to smile on a regular basis.

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Steps That Will (Nearly) Always Maximize Value at Business Sale

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Take two Mercedes-Benz sedans of the same make and model, offer them both for sale, and one vehicle will sell at a higher price than the other. There are many reasons this occurs: one car may be newer, have lower mileage, include more amenities, be more collectible, or has a better service record. This phenomenon, of course, is not unique to Mercedes-Benz automobiles. The same reality happens with cars of every brand. Some conditions will universally (at least nearly so) make one car more valuable at sale than a peer of the exact make and model.

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Want to Buy Out a Partner? The Good, the Bad & the Ugly

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Maybe your business partner has reached normal retirement age and wants out. Maybe your business partner simply desires to do other things in life. Maybe your partner has a different vision of where to take the company. Maybe your partner spends money differently than you would prefer. Maybe your partner runs the business differently than you prefer. Maybe your partner works less hard than you.

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Planning to Pass Your Business to Your Family? Prepare to be Unfair

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Like many parents who own a successful family business, you may be thinking of passing the business to your children. You have built a great operation, and you are proud to present this opportunity to your family.

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What Should You Do with All Those Unsolicited Buyout Offers?

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If you are like most business owners, you are probably receiving a regular flow of emails and phone calls seemingly offering to buy your company. Private equity firms are sitting on piles of cash raised over the past five to seven years.

Publicly traded companies and other strategic buyers are struggling to create organic growth, and they have record levels of cash on their balance sheets. Everyone is poised for the flood of baby-boomer sellers that never seems to come. As a result, there is too much money chasing too few acquisition opportunities. While generally a good thing for business owners, a torrent of unsolicited offers can grow into an unwelcome time sink if not handled correctly.

So, what steps should you take when you receive an unsolicited offer, even though you have no interest in selling anytime soon?

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Top Mistakes to Avoid When Selling Your Business to an Inside Buyer

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Selling to an inside buyer such as one or more of your business partners or employees can be deeply rewarding. Long-term, valued co-workers become like extended family to many owners. To see the business continue forward under the leaders that you helped develop acknowledges all your efforts, and launches your business legacy. In some situations, your employees may be the best potential buyer. They know the business, and would rather own it after your exit than go work for somebody else.

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Case Study: What Happens When the Music Stops?

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The following case study is based on a true story. For owners of closely held businesses, this case study highlights the importance of engaging an experienced and professional exit planning team. Even when an exit appears to be years in the future, circumstances might force a change to the exiting owners’ timing. Therefore, we recommend that all business owners seek help from professional exit planners, like our NAVIX Consultants.

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Largest Video Learning Resource on Exit Planning 

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We are delighted to officially announce the largest and premier video learning resource on exit planning in the market today!

The need for owners to start with their exit plans is intensifying in the US. The aging Baby Boomer population seeking to sell their businesses may flood the market in the next ten to fifteen years, making it difficult for owners who are unprepared.

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Case Study: Can One Exit Plan Save a Million Dollars, Twice?

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The following case study is based on a true story. For owners of closely held businesses, this case study highlights the importance of engaging an experienced and professional exit planning team. Even when an exit plan looks like it will work at a high level for all parties involved, there are often hidden problems and issues that can cost the exiting owner millions of dollars. Therefore we recommend that all business owners seek help from professional exit planners, like our NAVIX Consultants.

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