When time comes to tell your banker you’re planning to exit your business, or when you need money you may experience feelings ranging from mild anxiety to outright panic. Why? We’ve been conditioned to believe that bankers say “no” far more often than they say “yes.” That may or may not be true but bankers [...]
Posts Tagged ‘business risk’
Your Banker: Forgotten Exit Planning Team Member?
Posted on November 4th, 2009 by Bay Area Business Sales
Filed under: Business Owner Objectives, Exit Strategy, Transferring Business Ownership
Protecting Your Nest Egg
Posted on March 2nd, 2009 by Bay Area Business Sales
Filed under: Exit Strategy, Increasing & Preserving Business Value
“Why do I need to create multiple entities to protect my assets?” Steve Pierce, owner of Pierce Floral Shops, asked. “I already have all of my business interests in a Limited Liability Company. Doesn’t that protect me and my business?”
The answer provided by his lawyer was about what you would expect. “Yes. And no.”
Putting all [...]
Putting All of Your Eggs in One Basket
Posted on February 25th, 2009 by Bay Area Business Sales
Filed under: Business Continuity, Exit Strategy, Increasing & Preserving Business Value, Personal Wealth, Uncategorized
We have all heard the old proverb that it’s dangerous to put all of your eggs in one basket.” But does the proverb apply in the world of business ownership? Specifically, is it a valid warning or just a worn-out cliché? It seems to make good sense to concentrate all of your business effort and [...]