What is a Management Buyout (MBO)?
A management buyout is a transaction in which the existing management team purchases the business from its current owner, typically using a […]
What is a Liquidity Event?
A liquidity event is any transaction that converts illiquid ownership in a private business into cash or marketable assets, a sale, recapitalization, […]
What is Legacy Planning?
Legacy planning is the process of defining what a business, its wealth, and its impact will represent after the owner is no […]
What is Leadership Succession?
Leadership succession is the planned development and appointment of the individuals who will run the business after the current owner or CEO […]
What is Key Person Insurance?
Key person insurance is a life or disability policy owned by the corporation on a key individual whose loss would materially damage […]
What is an Income Replacement Strategy?
An income replacement strategy is the plan for how income, dividends, and financial benefits provided by a business will be replaced after […]
What is Harvesting?
Harvesting is the phase of the Value Acceleration Methodology in which the owner converts built business value into personal wealth, through a […]
What is the Freedom Point?
The freedom point is the specific financial threshold at which a business owner has accumulated enough wealth to be financially independent, no […]
What is Financial Readiness?
Financial readiness is the personal financial dimension of exit preparedness, specifically, whether the proceeds from a business exit will be sufficient to […]
What is an Exit Timeline?
An exit timeline is the planned schedule for completing an ownership transition, the horizon that determines how much time is available to […]
What is an Exit Strategy?
An exit strategy is the specific plan for how, when, to whom, and under what terms ownership of a business will be […]
What is Exit Readiness?
Exit readiness is an assessment of how prepared a business is to successfully complete an ownership transition, across the business, financial, and […]