Managing Your Business
Business Growth & Strategies
Keep reaching the goals you’ve set for your business at every stage. Gain the news and information that matter.
Podcast: Growing a Business in Turbulent Times
Managing Director of Family Wealth Consulting Jeffrey Getty and Directors of Family Wealth Consulting Michael Ella and Francis Brown walk through the defining characteristics of businesses that are seeing success in the COVID-19 era.
The Top 10 Questions to Determining Financial Statement Health
If you’re thinking about selling your business, it’s important to understand how your financial statements impact the valuation a prospective buyer places on your company. Your reports—in terms of depth, breadth, and quality—deliver a message about how you run your company. If there are shortcomings, a sale can be delayed, value discounted, or broken off if a prospective buyer has trouble gaining confidence in the numbers.
Selling Your Company in 10 Steps: What You Need to Know About Investment Banks
Our experience at Key Private Bank is that approximately 50% of business owners will choose to sell their business to a third party. And just as most homeowners use an expert (a real-estate agent) to sell their house, many transitioning business owners will hire an expert in the form of an investment bank to sell their companies.
The 54 Value Factors: Your Company Through the Eyes of a Buyer
In the world of mergers and acquisitions, sophisticated buyers consider a host of factors when evaluating a company. These factors include the tried and true business-related areas like operations, financials, legal and regulatory—yet also venture into economics and the personal values and business acumen of the owner.
The Top Seven Strategic Business Transition Options
Many successful business owners we speak with choose their transition option based on something they have heard from an unreliable source. This could be from other business owner friends who might have already transitioned their business.
A Dozen Misconceptions About Transacting a Business
The next big surge of business transaction activity is being fueled by the retirement needs of aging baby boomers. Specifically, the first baby boomers turned 67 years of age in 2012.
Four Questions to Answer Before Transitioning Your Business
Most business owners approach planning for the transition of their business as a highly secretive topic and assume if they take a low-key approach they won’t raise suspicion from their employees, suppliers, customers, competitors, or even worse – their banker.
Disaster Preparedness for Businesses
As a successful business owner, you don’t want to think about your operations being interrupted by a natural disaster or other unexpected event.
Business Insurance Costs and Losses May be Deductible
Business insurance is an important protection for your business. It’s your shield against property damage, personal injury lawsuits, and other business losses.
Risk Management Considerations for Physicians
As a physician, your day is likely packed with various demands—from treating patients to managing your professional development.
Making the Transition from Employee to Partner
Making partner is an accomplishment many employees dream of their entire career.
Three Mistakes to Avoid When Rightsizing the Risk in Your Business
Developing a family legacy framework will empower your family to achieve its financial and interpersonal goals.