For more than 40 years, Bill Hawthorne dedicated his life to Hawthorne Manufacturing, a $25M business specializing in high-quality, custom-engineered parts for the automotive and aerospace industries. As a baby boomer, Bill valued hard work and loyalty, traits he inherited from his father, who instilled in him the importance of building something lasting. Hawthorne Manufacturing […]
We joined our good friend and radio host Rick Schissler on The Weekly Business Hour discussing Exit Planning for Business Owners. Originally Published on https://www.richhallgroup.com/blog
Exit Planning is a very broad term that you’ll hear a lot more of in the coming years. The concept has been around for many years but recently gained momentum through Exit Planning Institute’s CEPA program. The goal of exit planning is to ensure your personal, financial, and business goals are aligned so all three […]
In my experience working with business owners, the journey to selling a business is often as unique as the business itself. However, three common insights consistently emerge from those who’ve navigated this path. Understand the true value of your business before hand. There’s more to it than a simple website that you plug in numbers. […]
Okay, just kidding on the bar part. When working with multiple advisors, it’s important that each one knows their part and stays in their lane. Here’s how to work together best: Meet in advance and agree upon who is playing what role in the process Sit around the owner but don’t gang up. Everyone is […]
Your business journey as an owner will always end with a Final Chapter. How you approach the Chapter will define you and your family from now on. Please enjoy the video and pass along to those owners that may benefit from an exit planning discussion Rich Hall Rich Hall Group, LLC www.richhallgroup.com Exit Planning Advisor […]
When I work with family businesses to explore exit options, the conversation always comes around to value. That’s what buyers want – transferrable value. The transition to value-based is not easy. Emotions run high as the business grapples with changing the business model that was more than just a source of income; it was a […]
Many competitors take the 4th quarter off as business has a tendency to slow down. We believe this is a great time to connect with prospects and clients for driving new business. Steve Caton, Owner of Altezza Solutions, walks us through a very interactive discussion on ways to close deals in the 4th Quarter. Steve […]
Once upon a time, in the bustling heart of the city, there lived a 65-year-old family business owner named Peter. Peter had built his company, Smith & Sons Manufacturing, from the ground up, and it had thrived for decades, producing high-quality furniture renowned for its craftsmanship. Peter had two options before him, two very different […]
In my work with family-owned businesses and various enterprises, I’ve observed a recurring theme: the unexpected pitfalls during the acquisition process. And let me tell you, nothing derails a potential deal faster than financial surprises. So, how do you ensure transparency and trust from both sides of the table? The answer lies in a Quality […]
