Know what could happen to your business




“Report on business exit emphasizes planning,” Family Business Magazine, September/October 2015

Barbara Roberts, entrepreneur-in-residence at Columbia Business School, believes that television shows like Shark Tank have spread the misconception that growing a company and selling it for a large amount of money is a common occurrence and easy to accomplishment.


Roberts says every business owner should be aware that there are ten things that can happen to a company:



1.

IPO.

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2.

Transfer of ownership to a family member.


3.

Transfer of ownership to management team.


4.

Transfer of ownership to employees.


5.

Transfer of ownership to a partner.


6.

Sale to strategic buyer.


7.

Sale to financial buyer.


8.

Passive owner with an independent CEO.


9.

Bankruptcy.


10.

Liquidation.

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