Small Business – Maximizing Outcomes

How To Create A Buy-Sell Agreement (Ep.16)

By MaximizingOutcomes | January 27, 2023

One of the most important documents that a business owner should have is a buy-sell agreement which doesn’t seem to get a whole lot of attention.

In this episode, Jim McGovern shares a step-by-step process for creating a buy-sell agreement without losing out on the value of your business. He will give you tips on how to get started and keep your business protected.

Jim discusses:

What a buy-sell agreement is and why it is important
The basics of how a buy-sell agreement works
Why this agreement is better off being a standalone document
Four topics commonly addressed in a buy-sell agreement
Five tips for creating a buy-sell agreement
And more

Resources:

How to Protect, Grow and Exit Your Company (Ep.11)

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How to Protect, Grow and Exit Your Company (Ep.11)

By MaximizingOutcomes | November 18, 2022

During the life of a business whether it be a company that is big or small, business owners put in long hours, wear different hats, and are pulled in different directions with no shortage of stress.

In this episode, Jim McGovern talks about a clear path to follow so you can protect the company you have built, position this company for growth in the future, and exit the company on your own terms.

Jim discusses:

The differences between small businesses and public traded companies
The importance of the transferable value of your company
Protection in place to keep cash flow coming in the door
How retention incentives can help you reach business objectives
And more