NEWS
Terri Krivosha Quoted in Upsize Magazine Article on Exit Strategies
September 3, 2013
Terri Krivosha, head of Maslon's Business & Securities Group, is quoted in the August-September 2013 issue of Upsize magazine in an article titled "Upsize Primer: Exit strategies Sellers' Market." From stepping back from day-to-day operations and management decisions or exiting the company entirely, to the future of employees, and leaving a family legacy, the article features advice from local, notable experts who review options for business owners looking to make the next move for their business.
Terri notes that the ideal time to start planning your exit strategy is five years ahead of your desired exit date. "Think about what you mean by exit," she shares. "Do you want to step away and continue to own it? If that's the case you need to develop a leadership group that you trust. Do you want to sell the business? If that's the case you need to think about how to retain your employees." Terri also addresses common pitfalls to avoid when executing an exit strategy, which she notes can be a full-time job. The bottom line, Terri says, is to "Look for [counsel] that's got experience. It may not be the counsel that you have used on a regular basis. Sometimes it's important to find somebody with expertise in the area, to work with your counsel to give the extra level of expertise."
Terri Krivosha works with a vibrant network of entrepreneurial and dynamic businesses and those who fund them and uses her broad strategic skills together with extensive experience to help her clients achieve success in all phases of their development and growth. She focuses her practice on mergers and acquisitions, financing, contract negotiation, strategic partnerships, distribution agreements, joint ventures, governance issues, exit strategies, and sales and recapitalizations.
To read the full article in Upsize magazine online, go to Upsize Primer: Exit strategies Sellers' Market.
Terri notes that the ideal time to start planning your exit strategy is five years ahead of your desired exit date. "Think about what you mean by exit," she shares. "Do you want to step away and continue to own it? If that's the case you need to develop a leadership group that you trust. Do you want to sell the business? If that's the case you need to think about how to retain your employees." Terri also addresses common pitfalls to avoid when executing an exit strategy, which she notes can be a full-time job. The bottom line, Terri says, is to "Look for [counsel] that's got experience. It may not be the counsel that you have used on a regular basis. Sometimes it's important to find somebody with expertise in the area, to work with your counsel to give the extra level of expertise."
Terri Krivosha works with a vibrant network of entrepreneurial and dynamic businesses and those who fund them and uses her broad strategic skills together with extensive experience to help her clients achieve success in all phases of their development and growth. She focuses her practice on mergers and acquisitions, financing, contract negotiation, strategic partnerships, distribution agreements, joint ventures, governance issues, exit strategies, and sales and recapitalizations.
To read the full article in Upsize magazine online, go to Upsize Primer: Exit strategies Sellers' Market.
