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 nothing more, or less, than a clash of exit objectives. Take John Conover for [...]
Work On – Not Just In – Your Home Health Care Business
The purpose of exit planning is to leave your home health care business on your terms and on your schedule. Owners begin thinking about their exit process when two streams of thought begin to converge. The first stream is a feeling that you want to do something besides go to work every day—either you would [...]
Value Driver 4: Leveraging Human Resources
We have been discussing the various methods home care owners use to build valuation in their companies to achieve their exit planning goals. Foremost in this process is creating a written value-building plan, which includes four important value drivers: Value Driver 1: Business fundamentals Value Driver 2: Strategic Planning Value Driver 3: Systemizing Internal Operations [...]
