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What is Exit Planning, What Non-Financial Aspects of a Business Drastically Affect Valuation, What a Buy Sell Agreement is and Why Every Business Owner Should Have One
Manage episode 344048417 series 3239375
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On this episode of Everyday M&A, we hear from Eric Boyce, a business valuation expert who also helps business owners prepare financially for life after selling their business.
On this episode, Eric shares with us:
- What is exit planning
- What industries is exit planning really important for
- When should you do exit planning
- The non-financial aspects of a business drastically affect valuation
- Ways that key customers, employees, and suppliers affect a business’ valuation
- What a Buy Sell Agreement is and why every business owner should have one
- The most common reason why valuations get discounted
Thorsen Legal, a corporate law firm in Texas and California, is a team of attorneys specializing in business, real estate, employment and labor law, entertainment law, and trademark law. Contact them today if you're in need of a business lawyer.
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