In this issue, we discuss how owners of mid-sized businesses are making decisions about their futures in a quickly changing economy. As exit planners, we consistently urge business owners to take the initiative when planning their exits. Today, we apply that perspective to encourage business owners to go beyond panicked headlines and take a clear-eyed […]
https://www.gfpnh.com/wp-content/uploads/2021/08/exit-planning-options-in-tough-times.jpg8001200adminhttps://www.gfpnh.com/wp-content/uploads/2020/07/logo-granite-financial-partners.pngadmin2021-08-10 20:00:102021-08-10 21:15:44In Tough Times, What Are Your Options?
“My key employee really is key to my company’s success, but I can’t (or won’t) ask him/her to sign a covenant not to compete. Besides, I’ve heard that covenants not to compete aren’t enforceable.” This dilemma is quite common in the closely held businesses. If, for a moment, you accept a basic tenet of Exit […]
https://www.gfpnh.com/wp-content/uploads/2021/07/exit-planning-key-employee-covenants.jpg8001200adminhttps://www.gfpnh.com/wp-content/uploads/2020/07/logo-granite-financial-partners.pngadmin2021-07-20 19:34:092021-07-20 20:01:50Key Employees and Covenants Not To Compete
Experts and laymen agree that one constant of successful companies is a stable, motivated management team. This quality not only contributes to corporate success, but it is also key to the business owner’s successful business exit.
In Tough Times, What Are Your Options?
/in Exit PlanningIn this issue, we discuss how owners of mid-sized businesses are making decisions about their futures in a quickly changing economy. As exit planners, we consistently urge business owners to take the initiative when planning their exits. Today, we apply that perspective to encourage business owners to go beyond panicked headlines and take a clear-eyed […]
Key Employees and Covenants Not To Compete
/in Exit Planning“My key employee really is key to my company’s success, but I can’t (or won’t) ask him/her to sign a covenant not to compete. Besides, I’ve heard that covenants not to compete aren’t enforceable.” This dilemma is quite common in the closely held businesses. If, for a moment, you accept a basic tenet of Exit […]
Incentive Plans for Key Employees
/in Exit PlanningExperts and laymen agree that one constant of successful companies is a stable, motivated management team. This quality not only contributes to corporate success, but it is also key to the business owner’s successful business exit.