Mark Hegstrom Archives - Your ExitMap https://yourexitmap.com/category/mark-hegstrom/ Free Exit Planning Tools for Business Owners Fri, 13 Dec 2024 18:39:41 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://yourexitmap.com/wp-content/uploads/2026/03/cropped-Site-Icon-YEM-2-32x32.png Mark Hegstrom Archives - Your ExitMap https://yourexitmap.com/category/mark-hegstrom/ 32 32 122889523 The House of Gucci Succession Plan https://yourexitmap.com/the-house-of-gucci-succession-plan/ https://yourexitmap.com/the-house-of-gucci-succession-plan/#respond Thu, 04 Apr 2024 17:14:47 +0000 https://yourexitmap.com/?p=8872 The Gucci brand started with two brothers who own the family business equally. Each brother had a son, and each son was to inherit the empire. One of the sons was a ne’er-do-well, who always attracted and found trouble. Despite nobody ever giving him a chance, the viewer could tell his successor ownership was doomed. The other son married the woman who was played by Lady Gaga. The story progresses through time as one of the fathers die and the other goes to jail while the wife rises to power and greed. To complicate the succession plan, lavish lifestyles, poor business decisions, children and divorce ensue.

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]]> https://yourexitmap.com/the-house-of-gucci-succession-plan/feed/ 0 8872 Why You Can’t Sell Your Business Overnight https://yourexitmap.com/why-you-cant-sell-your-business-overnight/ https://yourexitmap.com/why-you-cant-sell-your-business-overnight/#comments Wed, 20 Mar 2024 14:00:53 +0000 https://yourexitmap.com/?p=8857 Business owners are often told they need to get ready to sell their business, why can’t they just up and sell it? The short answer is that they are unlikely to sell it. Listing the business may be easy, getting someone to buy it, that’s the hard part. According to the Exit Planning Institute, only some 20-30% of businesses sell today.

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]]> https://yourexitmap.com/why-you-cant-sell-your-business-overnight/feed/ 1 8857 Business Succession Planning Is There Life After Death? https://yourexitmap.com/business-succession-planning-is-there-life-after-death/ https://yourexitmap.com/business-succession-planning-is-there-life-after-death/#respond Tue, 24 Nov 2020 22:44:33 +0000 https://yourexitmap.com/?p=5558 Consider this scenario: You’re part owner of a thriving small- to medium-sized business. You handle certain key responsibilities and rely on your partner to handle others. While your partner is away on business, the phone rings. The shaky voice at the other end of the line informs you that your partner has been fatally injured in a car accident. You’re grief-stricken. At the same time, you realize many people—you, your family, your partner’s family, your employees, customers, and creditors—depend on the uninterrupted continuation of your business. You know you should have planned for this. . .but you just never found the time. What If I ... Read more

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