tamariskadvisors

For many entrepreneurs, the business becomes more than a livelihood—it becomes an identity, a rhythm, and a purpose. But no matter how successful a company is, every owner eventually reaches the same crossroads: What comes next? Preparing for life after the business isn’t just about exit strategies or financial mechanics. It’s about designing a future […]

Succession planning isn’t something that happens overnight — even for successful, multi-generational family businesses. Starting early is critical, but understanding why it takes time can help you create a plan that protects your legacy and sets the next generation up for success. The Risk of No Plan Before we explore the “why,” it’s worth considering

As a business owner, you may have asked yourself: “Do I really need to start planning for an exit or leadership transition now? Can’t this wait a few more years?” It’s a fair question. After all, you’re busy running the company, solving problems, and chasing growth. But here’s the truth we’ve seen again and again:

Why Waiting Too Long Can Erode Business Value and Limit Your Options Many business owners delay exit or succession planning, believing they can wait until retirement is closer. But waiting too long can erode value, limit options, and create unnecessary stress for your family and team. Learn the five hidden costs of delaying—and why starting

Transitioning leadership within a family business is both a pivotal opportunity and a potential source of complexity. As founders look toward the future, handing the reins to the next generation involves more than simply passing a title—it demands foresight, intentional development, and emotional intelligence. The following strategies offer practical guidance for navigating this important shift, from encouraging outside work experience

If you’re a business owner, you’ve likely planned for growth, profit, and perhaps even your eventual exit. But have you planned for disruption? Our team of advisors help business owners prepare not just for the expected—but for the unexpected. That’s where the 5 D’s come in: Divorce, Disagreement, Distress, Death, and Disability. These events, though

Three Reasons Why You Should NOT Exit Your Business By Phil Harwood If you’re a business owner, chances are you’ve received calls, emails, and even texts urging you to sell. The messages are persuasive — “Now is the perfect time to exit.” “We have buyers lined up.” But let’s face it: most of these marketers

Negotiating Your Earnout: What Every Business Owner Should Know By Phil Harwood | March 2025 If you’re thinking about selling your business, you may have heard of something called an “earnout.” But what you may not realize is that earnouts deserve special attention because of their structure and potential risks. Let’s take a deeper look.

Understanding EBITDA vs. Adjusted EBITDA: What Business Owners Need to Know As a business owner, understanding your company’s financial health is crucial for making informed decisions, attracting investors, and planning for growth. Two key financial metrics—EBITDA and Adjusted EBITDA—are widely used to assess profitability. But what’s the difference between them, and why should you care?