Depending on your industry, this time of year could be your most demanding or your most relaxed. Either way, the posts, podcasts and videos below have helpful information as you consider what your exit will eventually look like. Whether you're hoping to sell in 2018, 2028 or further on, it's never too early to start planning for the exit you want.
1. The Buy-Side of the M&A Process
It's helpful to understand what's happening on the other side of a potential transition. This post from Investopedia walks through the major steps of a business transition from the viewpoint of the buyer, offering insights into when and why certain steps are carried out in the process.
2. Podcast: The ESOP Podcast — Introduction
Employee stock ownership plans have been a hot topic this year, and this podcast by Capital Trustees is committed exclusively to the subject. At the time of writing, they've recorded 12 episodes on everything from plan administration to communication to insurance and more — and they show no signs of stopping.
3. Podcast: The Realities of Selling your Business in a Zero Interest Rate Environment
This 24-minute episode of Exit Coach Radio addresses the importance of financial planning prior to the sale of a business, how to generate income with an interest rate of zero after the sale and more.
4. Video: Life After Your Company Has Been Sold
In this seven-minute video from Alley, promoted by Entrepreneur, seasoned entrepreneur Warren Webster opens up about the difficulty of passing his company on to another owner. He advises owners to remember that selling your business isn't the end and to remember to look forward to the next season. Warning: Mature language makes a brief appearance in this interview.
5. Video: Christmas Yule Log Fireplace with Crackling Fire Sounds
If you love a crackling fire, but not necessarily building or maintaining one, this four-hour high-definition video complete with cheery Christmas atmosphere and clear, crisp cracking, ought to suffice. And if you're a Nick Offerman fan, you might prefer this crackling fireplace.
Thinking of selling your business?