All tagged exit planning

Take Action: An Exit Planning Guide

If you’ve visited our site before, you know we often post about exit planning. We believe that the decision to sell your business is one of the biggest decisions you’ll make, and therefore we want to provide you with plenty of resources for preparing to do just that.

Business Valuation: The first step in your exit planning process

If you’ve begun to seriously think about retirement or selling your business for other reasons, you need to start thinking about exit planning strategies. You must have an exit plan in order to make selling your business as easy as possible. To avoid a rough transition, start with a valuation, followed by topics like Distance to Goal, Prospective Buyers and a Professional Team.

For Business Exits, Being Inconsequential Is of Great Consequence

It’s likely that few people, if any, have ever told you, “You need to make yourself less important,” regarding your business. But sophisticated buyers look for businesses that can operate without their owners. Unless your goal is to sell or transfer your business, and then stay with the business as a subordinate to assure a smooth transition, you’ll need to train a management staff that can run the business without you. This is the most important Value Driver you’ll install, and for many owners, it’s the hardest, because they aren’t prepared to expend the emotional and mental energy required to remove themselves from their businesses................

Prior Planning Prevents The Pain Of Exiting Your Business

Whether you’re looking to exit your business in 10 months, 10 years, or never, one fact governs them all: All business owners—even the hardest working, most dedicated workaholics—will exit their businesses someday. Whether by choice, death, or otherwise, you need to be able to answer the question, “What will happen to me, my business, and my family upon my business exit?” .........