I would tell you that better than 70% of the time business owners have made short term decisions in a vacuum without thinking of the end goal of wealth and a exit. Now is all they think of resulting in really horrible outcomes at the time of sale. If your CPA is not having this conversation with you you need a new CPA.
michaelshea
How to Value Your Small Business Before Selling: A Step-by-Step Guide
Gather Financials
Collect three years of profit-and-loss statements, balance sheets, and tax returns. Buyers want clean, organized data to assess profitability.
Exit Planning For Lawfirms
This podcast provides an overview of the Six Phases of BEI Exit Planning specifically tailored for law firms, presented by a Certified Exit Planning Advisor.
From My Father’s Depression-Era Wisdom to Modern Entrepreneurs: Planning to “Keep What Matters”
My Irish father grew up during the Great Depression as one of five boys in a lively, crowded house. With four brothers, every dollar stretched to cover basic needs, and resourcefulness was a necessity, not a choice. Shoes were shared, clothes patched and worn thin, and meals planned with discipline—a vivid lesson in making the […]
Government Shutdown Adds New Challenges for Small Business Owners
By Michael Shea At midnight on October 1, the U.S. government officially shut down after Congress failed to pass a funding resolution. As federal agencies begin to pause operations, small business owners across the country are once again facing a wave of uncertainty. Already grappling with inflation, labor shortages, and rising tariffs, Main Street businesses […]