According to Paul Simon, there are fifty ways to leave a lover. We may not be as resourceful as Mr. Simon when it comes to saying goodbye, but we were able to come up with eight ways for owners to leave their home health care business. 1. Transfer to a family member 2. Sale to [...]
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 nothing more, or less, than a clash of exit objectives. Take John Conover for [...]
First Things First: Prioritizing Your Objectives
You’ve got to be very careful if you don’t know where you’re going, because you might not get there–Yogi Berra It’s not always easy to interpret Yogi Berra. But perhaps he is pointing out how important it is to know exactly where you and your business are headed. There will come a time when [...]
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 [...]
