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Posts Tagged With ‘ Rich Hall ’

 
What is Exit Planning and why should I care?
February 15th, 2024
What Is Exit Planning And Why Should I Care? &Raquo; File 2 9

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 are fulfilled when you’re ready to make a change (retirement, sell your business, transfer to kids, etc.). There’s a few thousand advisors with the designation. Most play in the wealth advisory, legal, accounting, or business transaction space. I’m what’s... Continue Reading

February 15th, 2024
3 Things I wish I knew BEFORE selling my company
February 7th, 2024
3 Things I Wish I Knew Before Selling My Company &Raquo; File 1 4

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. Ask me more if unsure. The emotional journey.  It’s not just about letting go. It’s also about those you leave behind. It’s about making sure you understand what the journey is like before hand so you don’t have regrets afterward. ... Continue Reading

February 7th, 2024
A Financial Advisor, Wealth Advisor, and Exit Planning Advisor walk into a bar….
January 31st, 2024
A Financial Advisor, Wealth Advisor, And Exit Planning Advisor Walk Into A Bar.... &Raquo; File 13 1

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 important. Ask initial questions to ensure we’re addressing the right pain Take copious notes to show your interest Discuss the roles with the owner and who solves what pain. Speak clearly and don’t ramble. Keep it simple. Don’t speak over one another. Your... Continue Reading

January 31st, 2024
Exit Planning: The Critical Final Chapter for Every Business
December 11th, 2023
Exit Planning: The Critical Final Chapter For Every Business &Raquo; File 4

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 Originally Published on https://www.richhallgroup.com/blog Continue Reading

December 11th, 2023
Transforming Legacy: The Bold Journey from Lifestyle to Value in Family Businesses”
November 29th, 2023
Transforming Legacy: The Bold Journey From Lifestyle To Value In Family Businesses&Quot; &Raquo; File 4 1

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 part of their identity. Implementing strategic changes like the following: Streamlining operations New marketing strategies Measure performance against industry benchmarks Increased profitability and fiscally responsible growth Reducing family funding that’s... Continue Reading

November 29th, 2023
Expert Advice – How to Close Deals in the 4th Qtr
October 29th, 2023
Expert Advice - How To Close Deals In The 4Th Qtr &Raquo; File 23

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 identifies ways to revisit relationships that may have been cold earlier in the year that can really bear fruit in Q4 and beyond. Link to video by selecting image above or here. Steve has a wealth of information on his website as well at www.altezzasolutions.com. Rich Hall Business... Continue Reading

October 29th, 2023
Two Paths to Exit: A Tale of Two Boomer Business Owners
October 24th, 2023
Two Paths To Exit: A Tale Of Two Boomer Business Owners &Raquo; File 22

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 paths that would define his future: one led to a happily ever after, and the other to uncertainty. Path 1: The Well-Planned Exit Peter was an astute businessman, and he understood the importance of proper exit planning. He decided to seek the guidance... Continue Reading

October 24th, 2023
Avoiding the Unpleasant Surprises When Selling Your Business – Quality of Earnings Report
October 19th, 2023
Avoiding The Unpleasant Surprises When Selling Your Business - Quality Of Earnings Report &Raquo; File 17

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 of Earnings (QoE) report. For buyers, the due diligence phase is akin to peeling back the layers of an onion. You want to uncover the core, understand the real financial health of a company, and ensure there are no hidden liabilities. A QoE report... Continue Reading

October 19th, 2023
Stress Less – Exit Planning with Rich Hall
October 10th, 2023
Stress Less - Exit Planning With Rich Hall &Raquo; File 13

Exiting your business is one of the most stressful times in a business owner’s life. In this podcast, I discuss with Jessica Harrington, MPH, ways you can prepare for a successful exit in the future without the last minute stress of worrying about what could go wrong. Exit Planning with Rich Hall Rich Hall www.richhallgroup.com Business Advisor | CEPA Originally Published on https://www.richhallgroup.com/blog Continue Reading

October 10th, 2023
Why does it take so long to sell a business?
September 18th, 2023
Why Does It Take So Long To Sell A Business? &Raquo; File 9

Most business owners looking to sell their business in the foreseeable future are unprepared for the amount of time and effort it will take. As a Certified Exit Planning Advisor, I work with business owners to evaluate their business, identify initiatives that provide the highest value increase for their company, and help them prepare for a very successful exit. I wrote the document below to explain the process, and timeline, of exiting your business with value acceleration initiatives. Originally Published on https://www.richhallgroup.com/blog Continue Reading

September 18th, 2023