Kiplinger

4 Steps to Effectively Transition or Sell Your Business

Did you know 70% to 80% of middle-market, closely held businesses put on the market do not sell? And 83% of businesses lack a formal, written transition plan?

I've had many discussions with middle-market business owners about planning for the future in order to generate the most successful sale or transition of their business. In my September 2017 article, "Small-Business Owners' Biggest Retirement Mistake," I explained why a succession plan is critical to the future of any business, and now I'll address how business owners can develop and implement a strategic succession plan.

While this may

Sie lesen eine Vorschau. Registrieren Sie sich, um mehr zu lesen.

Mehr von Kiplinger

Kiplinger5 min gelesen
Retirement and Estate Planning Opportunities after the SECURE Act
If you haven't learned by now, the Setting Every Community Up for Retirement Enhancement Act (known as the "SECURE Act") was signed into law on Dec. 20, 2019, and went into effect on Jan. 1, 2020. With bipartisan support, it is expected to generate a
Kiplinger5 min gelesen
The Secret to Finally Meeting Your Financial Goals
We've all been there. You're at the door of the restaurant, telling yourself it's salad time, picturing yourself tightening that belt another notch. But did they have to put the double-cheeseburger on special today, with a huge poster in the lobby? A
Kiplinger8 min gelesen
7 Dividend-Rich Sin Stocks to Buy Now
Pop culture has always loved the bad boy. From James Dean's Jim Stark in Rebel Without a Cause to Harrison Ford's Han Solo of Star Wars fame, everyone roots for the lovable rogue. But that's generally not true in the stock market, where "sin stocks"