Does Your Board of Directors Have a Goal?
Do you and your Board of Directors have clear goals for profit and growth? Does your Board have a clear goal for distribution of profit. Most companies do not pay enough attention to profit and growth. Shareholders get frustrated with companies that do not clearly state where they are going and how they intend to get there. You and your Board of Directors need to be clear on what your targets are at all times. This is one of the critical strategic responsibilities owners and Boards should always have in mind. Whether you plan on selling internally or externally owners and potential purchasers need to be clear on what type of profits you will earn in the next twelve months and beyond. Internal purchasers and external purchasers are both looking for the same thing - profit. Profit is the only way they can earn a return on their investment. The leadership should have both a growth goal and distribution goals for the profits they will make.
Internal Transfer of Ownership

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