Exit Strategies … thoughts on a White Paper

Robert Young, Asst. VP with Merrill Lynch, Pierce, Fenner & Smith, Inc., recently sent me a high quality white paper produced by Bank of America/Merrill Lynch discussing Exit Strategies. The paper starts with the fact that "it's never too early to start planning for that transition."  Truer words could never be said, especially in relation to businesses owned by the self-employed.  There are too many 'what ifs' in life.  The effective transition of your business is what is best for your family and your customers. Business owners should look at a strategy that maximizes cashflow as well as value.  This [...]