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Retirement planning should begin on day one of your business. Yet many owners don’t give retirement a single thought until they’re ready to transfer ownership. That can reduce value and make the process of transferring ownership or selling more stressful than it needs to be. These 10 retirement preparation strategies for business owners can prepare you for retirement no matter where you are on your business ownership journey.  Get Your Books in Order  Buyers typically want to see at least

You’ve spent much of your career competing against other businesses. As you near retirement, though, a competitor may be the best option for a lucrative exit that allows your business to continue your legacy. Selling to a competitor requires significant due diligence, particularly in the early stages when some competitors may use a sale ruse as a way to gain access to trade secrets or a competitive edge. These strategies can help you minimize risk while maximizing the value of

A recent Firmex-Divestopedia survey assessed M&A fee structure. With very little publicly available data on this topic, the results provided significant actionable data for would-be sellers. Drawing upon that data, here are some factors to consider as you interview M&A advisors. Considerations for small-to-medium owners The smaller your company is, the larger your proportional fees will be. That’s because M&A advisors must receive fair compensation, so may charge a higher proportion of the deal. Shopping around to see which firm