Comments on: The Immortal Business Goes on Forever https://yourexitmap.com/running-an-immortal-business/ Free Exit Planning Tools for Business Owners Wed, 10 Aug 2016 18:52:47 +0000 hourly 1 https://wordpress.org/?v=7.0 By: Dane A. Shrallow https://yourexitmap.com/running-an-immortal-business/#comment-56 Wed, 10 Aug 2016 18:52:47 +0000 http://www.awakeat2oclock.com/?p=3429#comment-56 I concur with your post. I’ve been involved in corporate practice, and the M&A field, for over 4 decades. One thing that is readily observable is that few businesses last forever. The vast majority have a finite life. Competition, evolving business models and disruptive technologies tend to take a toll. Want to own a retail store today? The primary focus of a business owner should be on how to preserve accumulated wealth for future generations. That could mean planning to keep the business in the family, at least for the next generation. But often the wiser choice is to realize your investment when the business’ future looks the brightest and capitalize on what you’ve built. In other words, sell when the business asset when its at its highest value, rather than at your scheduled retirement date. A lot can happen between now and then.

]]> By: David Basri https://yourexitmap.com/running-an-immortal-business/#comment-55 Mon, 08 Aug 2016 12:45:54 +0000 http://www.awakeat2oclock.com/?p=3429#comment-55 In my head the answer to the question was an immediate “No”, because no business is immortal. That, however, is a completely separate question from, “Do you want your business to continue after you are gone or out of it”? Taking action to perpetuate a business may or may not succeed, but all entrepreneurs are used to that risk.

There is no question that in most cases long term planning greatly increases the chance that a business will continue after the owner is gone. Then again, do not be afraid to jump if dump opportunistic luck comes along and someone offers a big chunk of money.

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