Business Finance Terms, Explained Simply.
Learn more about common financial terms here.
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Leadership succession is the planned development and appointment of the individuals who will run the business after the current owner....
Key person insurance is a life or disability policy owned by the corporation on a key individual whose loss would....
An income replacement strategy is the plan for how income, dividends, and financial benefits provided by a business will be....
Harvesting is the phase of the Value Acceleration Methodology in which the owner converts built business value into personal wealth,....
The freedom point is the specific financial threshold at which a business owner has accumulated enough wealth to be financially....
Financial readiness is the personal financial dimension of exit preparedness, specifically, whether the proceeds from a business exit will be....
An exit timeline is the planned schedule for completing an ownership transition, the horizon that determines how much time is....
An exit strategy is the specific plan for how, when, to whom, and under what terms ownership of a business....
Exit readiness is an assessment of how prepared a business is to successfully complete an ownership transition, across the business,....
Exit planning is the process of deliberately preparing a business, its finances, and its owner for an ownership transition, so....
Exit options are the range of paths available to a business owner to transition ownership, each with different financial outcomes,....
An ESOP is a structured program that transfers ownership of a business to its employees, providing the owner with an....