Exit Strategies: Personal Vision & Financial Planning
The most critical first step in an exit or transition plan is to develop a financial plan and personal vision of what your life will look like post-business.
How to Determine the Value of Your Auto Body Shop
Whether you’re looking to sell, expand or transition your shop, understanding the value of your business is essential.
Tales from the Crypt: Can Your Business Thrive Without You?
We all think that we’re going to live forever and never consider how, if we die, the shop will continue.
The Importance of Planning Your Exit Strategy Now
Even if you have no intention of leaving your business soon, starting the planning process early will prepare you for the time that you want — and need — to exit.
Don’t Eat the Bear in One Bite: Planning Your Future in Steps
Just like you don’t need to eat the bear in one bite, you don’t need to have a fully fleshed-out plan in order to have a successful future as a retired body shop owner.
Boosting the Value of Your Business
If you have more than five years before you plan to exit your business, there are many things you can do to increase its value and decrease your asset gap.
Planning a Buyout of Your Auto Body Shop
You’re looking to retire and your partner wants to buy you out.
What is the first step in this planning process?
Auto Body Shop Succession Planning: Having a Vision
Creating a solid succession plan helps collision shop owners align their families and businesses for generational wealth.
