Small business owners are many times reluctant to use employee non-compete agreements because they have to few employees and do not want to pay an attorney to draft the required legal documents. The term non-compete agreement refers to a restrictive legal document that prevents a former employee from engaging in certain business acts for a prescribed period of time in a specific geographic area. [Read more…]
Common Reasons Business Owners Fail to Exit Plan
03/02/2019 Posted By
Many business owners fail to exit plan as they are so busy working in their business they forget to work on their business. Some of the common reasons for failure to plan for a successful exit are as
follows: [Read more…]
Planning Your Business Exit Strategy
08/19/2015 Posted By
As a society that thrives on constant labor, we give very little thought to what happens when we are ready to end our work. We spend a vast majority of our time working that we rarely focus on creating a strategy to dissolve our businesses successfully. With the professionals at Janicek Valuation & Forensic Services, you can wisely plan when and how you will transfer ownership of your business. [Read more…]
Importance of Business Exit Planning
05/11/2015 Posted By
A large number of business owners in the Boomer generation (born 1946-1964) are planning to transition out of their business in the next 10 years (University of Connecticut and Price Waterhouse surveys). However, it is estimated that less than fifty percent of business owners have been proactive in planning for the orderly exit from their business. [Read more…]