The MHEDA Journal - Second Quarter, 2014 - (Page 37)

CONVENTION EXIT STRATEGIES SPEAKER Inside, Outside or Upside Down 10 Frequently Asked Questions about Ownership Transfer BY P. ANDREW LIMES T here are four transactions most often associated with investment banking. Those include selling, recapitalizing, acquiring, and raising debt or equity. For many business owners considering a transaction, one of the most difficult questions to answer is the first one that arises: "What are the best alternatives for my business?" Knowing where to start isn't always easy. A transition does not always mean a sale, and most business owners can choose from a number of options. In order to think about the alternatives for your business, start by looking at the options in three broad categories: inside, outside, or upside down. Inside The best alternatives for your business may be found internally. Before jumping to the conclusion that you need outside solutions, consider inhouse options. Take into account current management, including family. Other options may be an employee stock ownership plan, or an equity sponsor with management. Outside In other cases, the best route for your company might come from an outside source. These options include a sale to strategic or financial buyers. A merger might be another consideration. And for some organizations, In order to think about the alternatives for your business, start by looking at the options in three broad categories: inside, outside, or upside down. a recapitalization or outside private equity can provide the right solutions. Upside Down Finally, an upside-down solution might be the best alternative for your business, with multiple combinations of inside and outside options. Special circumstances and complex situations may call for a unique combination of any of the options already listed above. So, what's the next best move for you and the company? When looking at the alternatives, there are 10 The MHEDA Journal | Second Quar ter 2 014 37

Table of Contents for the Digital Edition of The MHEDA Journal - Second Quarter, 2014

President’s Perspective
From the Desk of Liz Richards
Editor’s Note
Ask Your Board
MHEDA Member Profile
@work
Howard Bernstein and MHEDA: 60 Years of Superhero Leadership
Get Aggressive and Start Thinking Big
Managing an Acquisition
Creating a Best-in-Class Safety Program
Exhibitor Product Guide
Floor Plan
MHEDA University Calendar
Inside, Outside or Upside Down
Six Secrets of Top Performers
Finding Your Path in (Or Out) of the Family Business
What is This Thing Called Employee Engagement?
‘Fleet Centricity’ and Finance Partners
New Members
Spotlight on Association News
MHEDA Milestones
Index of Advertisers by Product Category

The MHEDA Journal - Second Quarter, 2014

https://www.nxtbook.com/naylor/DISQ/DISQ0418
https://www.nxtbook.com/naylor/DISQ/DISQ0318
https://www.nxtbook.com/naylor/DISQ/DISQ0218
https://www.nxtbook.com/naylor/DISQ/DISQ0118
https://www.nxtbook.com/naylor/DISQ/DISQ0417
https://www.nxtbook.com/naylor/DISQ/DISQ0317
https://www.nxtbook.com/naylor/DISQ/DISQ0217
https://www.nxtbook.com/naylor/DISQ/DISQ0117
https://www.nxtbook.com/naylor/DISQ/DISQ0416
https://www.nxtbook.com/naylor/DISQ/DISQ0316
https://www.nxtbook.com/naylor/DISQ/DISQ0216
https://www.nxtbook.com/naylor/DISQ/DISQ0116
https://www.nxtbook.com/naylor/DISQ/DISQ0415
https://www.nxtbook.com/naylor/DISQ/DISQ0315
https://www.nxtbook.com/naylor/DISQ/DISQ0215
https://www.nxtbook.com/naylor/DISQ/DISQ0115
https://www.nxtbook.com/naylor/DISQ/DISQ0414
https://www.nxtbook.com/naylor/DISQ/DISQ0314
https://www.nxtbook.com/naylor/DISQ/DISQ0214
https://www.nxtbook.com/naylor/DISQ/DISQ0114
https://www.nxtbook.com/naylor/DISQ/DISQ0413
https://www.nxtbook.com/naylor/DISQ/DISQ0313
https://www.nxtbook.com/naylor/DISQ/DISQ0213
https://www.nxtbook.com/nxtbooks/naylor/DISQ0113
https://www.nxtbook.com/nxtbooks/naylor/DISQ0412
https://www.nxtbook.com/nxtbooks/naylor/DISQ0312
https://www.nxtbook.com/nxtbooks/naylor/DISQ0212
https://www.nxtbookmedia.com