Welcome to Allen Business Advisors’ blog page. We are glad you’re here, and we look forward to helping you learn what you need to know about exit planning and business sales. Whether you’re currently considering selling your business or simply contemplating the idea of selling, we can provide the expert tips, insight, and advice that you need to make the best decision in your exit planning and strategy. Be sure to check back often, as we update our blog page regularly to provide the information you need. Contact Allen Business Advisors to learn more about our exit planning process and get the help you need.

  1. Elements of a Plan to Sell Your Business to Insiders

      Today, we discuss the essential elements of a plan owners use to transfer a business to insiders that keep the owner in control until he or she is paid the sale price. If you suspect that the children, key employees, or co-owners you would pick to succeed you do not have the funds to cash you…Read More

  2. Keep or Sell Your Business Test

      Knowing when to act and when not to act is a key component in all important decisions. Likewise, knowing when to keep your business and when to sell it can make a significant difference in the success of your exit and your future financial security. Take the following test and review your ans…Read More

  3. So You’re Never Leaving…. Got A Plan For That?

      We hear it all the time. Do any of these sound familiar? “I’m never leaving my business. I love what I do.” “I don’t intend to exit my business. I plan on working until the very end.” “I can’t leave my business. I wouldn’t know what to do with myself!” These are valid posi…Read More

  4. A Race Against Time

      Successful, active business owners seldom slow down. Many business owners are both great at planning (for their businesses) and terrible at planning (for themselves).  There are so many great business challenges to tackle, planning for your personal ownership future can get pushed to the bac…Read More

  5. Failure to Plan Has a Price

      I never worry about action, but only about inaction. –Winston Churchill “I haven’t decided what I ultimately want to do with my business, when I want to exit, how much money I’ll need, or whom to sell to. So how can I plan my exit? Besides, I don’t want to exit right now.” If you…Read More

  6. Why Should You Exit Plan When You Have No Plans To Exit?

    We’ve all pitied the well-past-his-prime athlete who refuses to retire. Does the aging business owner who stays in his business deserve our pity as well? Is there something wrong with an owner who refuses to retire — not because he needs the money or the status, but--because he finds little mean…Read More

  7. Family Succession Planning Via Sale To Third Party

    When Exit Objectives Clash Many business owners facing imminent exit have the enviable but difficult choice of either selling the business to an outside third party and achieving their financial objectives or, conversely, transferring the business to loyal motivated key employees or family. This is …Read More

  8. Biggest Exit Planning Myth

    Myth: "My CPA will tell me when it is time to start planning for my business transition." (Replace CPA with "attorney," "financial planner," or "insurance professional" and the myth remains intact.) Fact: Your advisors, be they CPA’s, attorneys, Financial or Insurance Professionals, may not ini…Read More

  9. Building Value Is the Win-Win-Win of Exit Planning

    Ultimately your success is not determined by how well you ran your business, but by how well the business runs without you. If you cannot be replaced, your business can not be sold to an insider or an outside third party. We want to fix that. With a little luck and a lot of hard work, we can help yo…Read More

  10. Equality and Fairness in Transfers to Kids

    [et_pb_section bb_built="1" next_background_color="#000000"][et_pb_row][et_pb_column type="4_4"][et_pb_text _builder_version="3.19.3"] Stan Briggs was perplexed when he told his advisor, “My son, Patrick, has worked in the business for the last twelve years. In that time, the business has tripled …Read More