BUSINESS MINDS BLOG

Sticking a Toe (or Two) in the Exit Planning Pool

Sticking a Toe (or Two) in the Exit Planning Pool

  • Posted: Mar 21, 2017
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In this issue, we attempt to dismantle the most common objections owners have to undertaking the planning necessary to exit their companies successfully. Excuses to avoid Exit Planning include the following:

  1. The business isn’t worth enough to meet my financial needs. When it is, I’ll think about leaving.
  2. I will be required to work for a new owner for years.
  3. I don’t need to plan. When the business is ready, a buyer will find me.
  4. This business is my life! I can’t imagine my life without it!

 

Assuming we are successful in persuading you that Exit Planning not only helps your business while you are in it but also is the best way to leave the company to the successor you choose, on the date you choose, and for the amount of cash you want, you might ask, “How do I, as an owner, jump into Exit Planning?”

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Exits Are Inevitable, Failure Is Not: Planning a Successful Exit

Exits Are Inevitable, Failure Is Not: Planning a Successful Exit

  • Posted: Dec 29, 2016
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Planning a Successful Exit

We understand that business owners are so busy addressing today’s economic challenges that they can overlook the critical task of Exit Planning. We also understand that, at some point, all owners exit their businesses. When that day arrives, owners want to exit on their terms, the most important of which are financial independence and choosing the person or entity that will receive or buy the business. Continue reading

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TEXAS ASSOCIATION OF BUSINESS BROKERS

TEXAS ASSOCIATION OF BUSINESS BROKERS

  • Posted: Aug 11, 2016
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 TABB is the oldest statewide business broker association in the country, your connection to the profession.

TEXAS ASSOCIATION OF BUSINESS BROKERS

TABB was originated back in 1979, with the initiative of a few business brokers in Houston, the Texas Association of Business Brokers (TABB) was formed. This group of individuals pledged to meet regularly to discuss common issues and opportunities facing business brokers within the state. The goal was to improve the image of business brokerage by raising the professions expertise, ethics, and educate their members as well as the general public in regards to the business brokerage industry, which ultimately results in better servicing sellers and buyers in the process.

TABB became the place for both brokers and those involved in services relating to the sale and purchase of businesses. TABB developed educational programs, and in 1983 conducted its first State Conference in Houston offering two days of educational programs. The format established at this first conference has since been followed by TABB today and the International Business Brokers Association (IBBA) as well as the other state and regional business brokerage associations.

TABB, Inc. (“TABB”) is a non-profit trade association dedicated to improving and advancing the business brokerage profession for the benefit of its brokers, affiliates, buyers, sellers and the general public.  TABB has an established Code of Ethics, and provides education opportunities for all, promulgates forms for use by its members regarding many aspects of the business sale/purchase process, and delivers networking opportunities for those in the business brokerage profession, buyers/sellers and those who provide services related to the sell or purchase of a business.  TABB Guides business brokers and all other professionals within business transactions in a professional and ethical conduct aiding buyers and sellers of businesses to successfully transition their businesses and achieve optimal entrepreneurial goals.  Simply put, TABB’s mission is to educate and promote our members to become successful professionals with the goal of better serving the public.  

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