At Granite Financial Partners (GFP), we’ve always been committed to providing exceptional service, visionary leadership, and strategic guidance that empowers our clients to build and protect their financial futures. Today, we are THRILLED to announce two incredible new additions to our team, Bob Edry and Sean Edwards—two fully licensed and experienced advisors who will help take GFP to new heights!
Incentive Plans for Key Employees
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.
When Selling To Insiders, Cash Is King
If you contemplate transferring your business to an insider (employees, children or co-owner) and you want to get paid the value of your business, then, generally speaking, the value of your business cannot exceed four times or five times the true cash flow of the business.
Elements of a Plan to Sell to Insiders
Today, we discuss the essential elements of a plan owners use to transfer a business to insiders that keep the owner in control until he or she is paid the sale price. If you suspect that the children, key employees, or co-owners you would pick to succeed you do not have the funds to cash […]