The single most significant financial transaction a business owner will undertake in his or her lifetime is transitioning the company to either family or management, through a sale or public offering.
Most business owners have not been involved in such a transaction before and have little knowledge of the issues and challenges they face. Moreover, many decisions have to be faced alone.
VirtualBoard sponsors are selected for their expertise in various aspects of a deal. They form a cross funtional team supporting owners as they prepare for the transition and negotiate the deal. They have no financial interest in your deal. You are no longer alone.
Summiting Your Business Everest
A Board of CEOs and Advisors
Dedicated to Maximizing your Company's Value
FROM CEO TO THIRD IN LINE AT STARBUCKS
Twelve months after selling, three out of four business owners surveyed, “profoundly regretted” the decision to sell (from a study completed by PriceWaterhouse Coopers).
80% of businesses <$50M put on the market do not sell (from Tom West, President Business Brokerage Press).
2/3 of business owners of privately held businesses are not familiar with all of their exit options (2013 State of Owner Readiness Survey sponsored by the Exit Planning Institute, PNC Bank, Grant Thornton and the Ohio Employee Ownership Center at Kent State University).
83% of the owners of privately held businesses have no written transition plan (2013 State of Owner Readiness Survey sponsored by the Exit Planning Institute, PNC Bank, Grant Thornton and the Ohio Employee Ownership Center at Kent State University).
2683 Via De La Valle, G-330
Del Mar, CA 992014