In our mergers and acquisitions we practice a very important event prior to receiving letters of intent; the buyer visit. Don't be fooled into thinking that this is a simple headquarters tour. Experie...
Ready for what? Have you been planning how to fill the shoes of retiring executive team members and managers? Is your turnover rate telling you that key people are leaving for other companies.If you...
by Leslie McKerns - McKerns DevelopmentCompany A likes bricks. In fact, they will wait for one to drop on their head before they make a decision. Then, in crisis mode, the big brass assembles the q...
WHAT TO LOOK FOR IN A TRUSTEEWhen selecting a Trustee the most important qualities are honesty, stability, dependability, organization, financial experience, and ability to devote time and energy o...
Succession planning is very important to the long-term success of any company. Leadership transitions in business affect the entire organization's continuity, employee retention, client retention and...
I sit on the board of directors of the Midwest Business Brokers and Intermediaries (MBBI). An attorney from a small Chicago law firm was recently elected to the board. In his first meeting he introduc...
Most business owners sell only one business in their lifetime. It is complex, emotional and pressure packed. Given this backdrop, the odds of a great outcome are, well, not that great.One of the most ...
If you're a business owner you should consider succession planning as part of your overall estate plan with your financial advisor. Succession planning is the process of handing over the responsibilit...
It's vitally important is that you take the time to get really clear on what not only your expectations of the future of your business are, but that you know what you want - even what you dream about...
As the manager of your business, at whatever level you like; from small business owner with a bunch of dedicated expert people; through supervisors of their own teams; right up to CEO's running major ...