Exit Planning

PREPARE YOUR BUSINESS TO SELL EVEN IF YOU’RE NOT READY TO SELL, YOUR BUSINESS NEEDS TO BE BUILT-TO-SELL.

WHAT IS EXIT PLANNING?

Exit Planning is a comprehensive exercise to design a business-exit and transition strategy that provides you maximum value for likely your largest asset and life’s work.  It typically occurs 1-7 years in advance of the start of the transition.

It encompasses setting Exit Objectives:

  • When do you want to leave?

  • How much money do you need from your business exit and in what timetable?

  • To whom will you sell the business?

  • Is your Advisor Team comprised of trusted, professional advisors that cover all areas necessary (CPA, attorney, insurance, wealth management advisor, etc.)

  • Are you ready to have a written set of blueprints that covers each aspect of the transition sequence.

Exit Planning Components

%

Of Owners Will Stop Being Owners at Some Point

%

Of businesses are ready to sell or transfer

%

Of Business Owners Want to Exit In The Next 10 Years

%

Of Owners Have Talked To An Advisor About Their Plans

The Exit Planning Advisor is your Chief of Staff for designing, recording, and potentially implementing the strategy. With your input, the Exit Planning Advisor gathers information, assembles the Exit Planning Advisor Team, and offers a set of Exit Planning Recommendations. The Exit Planning Advisor oversees how your Exit Plan is built, much like an architect  would create a set of blueprints before a custom construction process begins.

An integral part of the planning process is the creation of a Business Owner Road Map. The Business Owner Road Map is:

  • A written document that can be reviewed and modified as your circumstances change.

  • A comprehensive list of Recommendations that is personalized to your unique situation.

  • A template that the rest of your Advisor Team can use to execute your wants and needs.

The Exit Planning Process

 

The Business Owner Road Map and its associated Recommendations are produced by an exit planning software called EPIC ™ .  The resulting output is then refined and customized to your needs for execution by the Advisor Team.

 

Your Business Owner Road Map will help you in several ways, including:

 

  • Giving you peace of mind, because you’ll know that virtually every issue regarding your exit has been examined and addressed by your Advisor Team.

  • Positioning your business for transfer, even in a poor market.

  • Sheltering you from risks involved in a business sale to a third party or a transfer to an insider.

  • Letting you keep complete control over your ownership until you are satisfied that all aspects have been addressed to your liking.

  • Addressing any concerns you have about legacy issues, if you are interested in keeping the business in the family.

Exit Planning is a proven method of allowing business owners like you to exit their businesses on their terms.

Schedule time today to arrange for a confidential assessment of your Exit Planning situation

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