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Articles Showing articles related to: Chris Goebel, Owner Crossroads Advisers

Sync your selling clocks

You’re probably familiar with the phrases “time is money” and “the clock is running.” Both are relevant in a potential sale of your family business. There are, in fact, three clocks that should be synchronized to garner the best sales price at the best time. In the Three Clock Methodology: • The business clock refers to...

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Selling your family business with Chris at Crossroads Advisers

The people who are interested in buying your family business are taking a risk. If they feel uncomfortable about their ability to operate profitably, the deal that you may be relying on to support you during retirement could fall apart. You can expect a seller to meticulously examine every detail of your financial records before agreeing to...

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When a suitor knocks at the door

When my family received an offer to buy our business—Lakefront Lines and Hopkins Airport Limousine Service—we were prepared to sell. Our financials were done correctly, we had a solid management team in place, and our internal systems and processes were well defined for a seamless transition. That preparation made our business...

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Retiring from your business: Crossroads Advisers helps you make the transition

Many business owners welcome the day when they can finally retire, but 83% have no transition plan. Sadly, 75% of business owners regret their decision after they sell their business within a year. That’s often because they didn’t plan for post-sale life as well as they could have. Generally, your business is ready to sell when...

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