Would you rather be lucky or prepared when it's time for you to exit your business?
An exit plan is a comprehensive road map specifically designed to achieve a business owner's personal, financial, and business objectives to successfully exit a private business.
The purpose of an exit plan is to maximize the value of the business at the time of exit, reduces the amount of taxes paid, and ensures the business owner is able to accomplish their personal and financial goals.
It provides contingency plans in the event of an illness, disability, death, burnout, or divorce.
An exit plan can seem complex and confusing, which is why having an experienced team of exit planning specialists can provide the proper guidance and advice to ensure the business owner can exit the business regardless of unforeseen risks and events.
The failure to create an exit plan almost guarantees a business owner may:
A well-designed exit plan allows the business owner to:
The number one reason private business exits fail is because of a lack of planning.
All business owners will exit their business. A business owner will either exit because of successful exit planning or because of a failure to prepare.
Our mission is to help business owners successfully exit their company, harness the power of creating a well-defined exit plan that accomplishes all of their business, personal, and financial goals, and ensures thier business can succeed for generations in the future.
About 50% of business owners would prefer to sell the business to thier family, but less than a third of businesses are sold using this method.
If the business owner has other partners, then they can sell their interest to a ready and willing buyer.
The business owner can sell a portion of thier equity to thier employees using an ESOP plan.
A business can be sold to a third party, such as a competitor, supplier, or customer. Other strategic buyers may a be private equity fund, institutional investors, or hedge fund
This exit strategy usually involves bringing in a lender acting as a partner in the business or bringing in equity investors willing to become partners.
The Management Team can use the assets of the business to finance the purchase, plus bring in outside investors plus cash.