The following video was recorded during a presentation by Ron Edmonds of The Principium Group on Exit Planning for Green Industry Business Owners at the National Green Centre trade show in Kansas City on January 9, 2012.
The following video was recorded during a presentation by Ron Edmonds of The Principium Group on Exit Planning for Green Industry Business Owners at the National Green Centre trade show in Kansas City on January 9, 2012.
Have you ever wondered if you could actually sell your business if you wanted to or needed to? Find out how your business would stack up if you really tried to sell it by taking the free quiz and getting your Sellability Score. The Sellability Score is a system designed by John Warrillow, author...
By John Warrilow The other day I was speaking with a successful CEO in his fifties who runs a heating and air conditioning company generating eight million dollars in revenue and over one million dollars in profit before tax. Even though he was tired and nearing burnout, he was planning to wait another five...
In most cases, there are a variety of exit options available to a business owner, including a sale to a third party and a transfer to an insider. Often, there are a host of further options, including such alternatives as an employee stock ownership plan and a private equity recapitalization. Based on the owner’s...
The Principium Group announced the publication of Ron Edmonds’ latest book, Green Exit – Exit Planning for Lawn and Landscape Business Owners. Green Exit introduces lawn and landscape business owners to the basic concepts of exit planning, including understanding your objectives, understanding the value of your business, improving and preserving the value of your...
Every day, it happens to somebody in the green industry. Events dictate that they must leave a business that they have owned, either individually or as a part of some form of partnership. The reasons range from critical ones, such as illness, disability, divorce or other family matters to a desire for a change...
Jay was struggling as he pondered the future. His lawn and landscape business had grown to be one of the dominant landscape companies in the city. He was extremely proud of what he had accomplished in a little over 25 years. He knew that it was time for him to develop his exit plan,...
Most everyone knows that there will come a time to transition the ownership of their business, whether by a sale to a third party or a transition of ownership to employees or family members. For some business owners, this will come on an involuntary basis due to death, disability or other pressing matters. However,...
Editor’s Note: This is another in our series on Exit Planning in the Green Industry In many cases, exit planning begins long before an exit event actually happens, either planned or unplanned. In fact, traditional wisdom suggests that exit planning should begin the day you start or buy a business. Therefore, there may be...
Why Are You Selling Your Business?
One of the things we always do when we take on a new client is to try to understand why they are thinking about selling their business. This is important for a whole host of reasons. From a business point of view, it helps us to understand how serious they are about selling. It...
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