Business owners need to have corporate exit plans at the ready Jun 28

Over the past decade there has been much speculation over when a wave of baby boomers would sell their businesses. Study after study predicted a mass transition that never came. As a result, there has been a shortage of supply that has pushed up prices for good businesses. Why are business owners staying on well into their retirement years?

Bob Lawrence, certified planning adviser at Veer Business Advisors, advises business owners on what it takes to be ready to sell.

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Capital Insights: Why Covenants Matter – Part 1 May 31

Part 1: Capacity (A Two-Part Series)

Financial covenants (or ratios) are to lenders what blood pressure, cholesterol and BMI are to doctors; they are measures of overall corporate health. Many entrepreneurs don’t understand why these covenants matter, or what their lender is trying to accomplish by testing them. More importantly, they don’t invest the time to understand and negotiate a covenant structure that accurately measures what matters to their business.

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