Karl wrote Selling Your Canadian Business: A Step-by-Step Guide to Maximizing Value and Securing Your Legacy because he saw too many business owners making preventable mistakes that cost them millions of dollars and years of regret.
How a management buyout works, the continuity and alignment it offers over an outside sale, and the financing hurdles that usually decide whether one is possible.
The five areas where a wealth manager adds value in a business exit, focused on what happens to an owner's family and financial security before, during and after the sale.
Why the owner is structurally the wrong person to negotiate their own sale, and the three vulnerabilities, identity, dual roles and personal criticism, that undo the negotiation.
Ten reasons to get an independent valuation, from selling and transition planning to financing and dispute resolution, at any stage of a Canadian business's life.