Category: Business Wealth

Engage Your Employees to Increase the Value of Your Business »

CLICK HERE to return to the website Gary Fitzgerald’s Newsletter, Let’s Talk About…… To subscribe to the newsletter CLICK HERE Business owner Joan Taylor was becoming increasingly unhappy with the uneven and inconsistent performance of her employees. They all had looked good on paper, and interviewed well before they were hired. And she thought she […]

Do You Know What Your Business is Worth? »

CLICK HERE to return to the website Gary Fitzgerald’s Newsletter, Let’s Talk About…… To subscribe to the newsletter CLICK HERE Jonathan Mitchell was ready to retire. He didn’t have any family members interested in the business, and knew his employees were not in a position to purchase it. He knew the most likely buyer would […]

Planning for the Business Without You »

CLICK HERE to return to the website Gary Fitzgerald’s Newsletter, Let’s Talk About…… To subscribe to the newsletter CLICK HERE Most often, when sole proprietors die without estate planning, their business dies with them. Whatever value they once had dissipates until the only value is the inventory and office furniture. Planning for this eventuality in […]

Even a Small Business Needs a Buy-Sell Agreement »

CLICK HERE to return to the website Gary Fitzgerald’s Newsletter, Let’s Talk About…… To subscribe to the newsletter CLICK HERE A Buy-Sell Agreement is a written agreement among the owners of a business in which each owner agrees that upon the occurrence of a specified event (death, disability, termination of employment, etc.), their shares shall […]

Those Ideas In Your Head Are Not A Business Plan »

CLICK HERE to return to the website Gary Fitzgerald’s Newsletter, Let’s Talk About…… To subscribe to the newsletter CLICK HERE Rick is an entrepreneur, and he has plans for his business. He knows what he wants to accomplish, and generally how he is going to get there. He has never written these plans down, and […]

Basics Of A Business Valuation »

CLICK HERE to return to the website Gary Fitzgerald’s Newsletter, Let’s Talk About…… To subscribe to the newsletter CLICK HERE A good business valuation can be used as a tool to help any business improve and maximize its value to its owners and to future potential buyers. Contrary to what many business owners believe, the […]

Doing Good While Doing Well »

CLICK HERE to return to the website Gary Fitzgerald’s Newsletter, Let’s Talk About…… To subscribe to the newsletter CLICK HERE Depending on whether or not there are successors “waiting in the wings” to take over your business, and based on your own philanthropic goals as a business owner, you may decide to use a charitable […]

Practical Steps for Transitioning the Business to Employees »

CLICK HERE to return to the website Gary Fitzgerald’s Newsletter, Let’s Talk About…… To subscribe to the newsletter CLICK HERE Internal transitions add a new and different dimension to selling your business. Selling your business to your key staff members requires a totally different evaluation. Here are some things to consider: Who will the new […]

Buy-Sell Agreements 101 »

CLICK HERE to return to the website Gary Fitzgerald’s Newsletter, Let’s Talk About…… To subscribe to the newsletter CLICK HERE A Buy-Sell Agreement is a written agreement among the owners of a business in which each owner agrees that upon the occurrence of a specified event (death, disability, divorce, termination of employment, etc.), their sharesshall be sold […]

The Perils and Pitfall of Transferring a Family Business »

CLICK HERE to return to the website Gary Fitzgerald’s Newsletter, Let’s Talk About…… To subscribe to the newsletter CLICK HERE There are several issues to be dealt with in a transfer to family members upon death. First is the obvious problem of the lack of liquidity of a non-spouse survivor, inheriting an illiquid asset with […]