A business transition strategy shifts ownership on your terms for the satisfaction of all stakeholders involved and may or may not result in an immediate or gradual exit. Creating a transition strategy will ensure you complete the necessary measures to secure optimal stewardship as the change in ownership takes place. The transition process can be complex and requires business owners to contact several professionals, such as M&A lawyers, brokers, and accountants, to complete a successful transition: many business owners don’t know what assistance they need and what will create the best outcome. But by working with professionals such as certified business coaches, you get cost-effective guidance while leaving no stone unturned in the transition process: you will know who and when to transfer ownership, define your role and responsibilities in the transition process, and choose the most optimal strategy for your personal and professional goals.

Options We Will Explore

External transitions – involve selling your business to an outside buyer.

• Buyers can be an individual, competitors, or investors.
• You’ll complete the sale quicker with a competitor.
• You will exit the business sooner, depending on the deal and stipulations. When completing a merger in an M&A deal, you may strategize a gradual exit based on mutual benefit and interest. In an acquisition, the organization acquiring your business determines it.

Internal transitions – involve selling or passing your business down to a family member or a chosen successor, such as an employee or manager.

• You can pass down your family business and leave a legacy.
• You can maintain the company culture, values, and mission by choosing a key employee or manager in an employee or management buyout.
• Your exit is gradual – you remain influential in the business until the successful completion of the buyout or succession with a payment plan.

Business Transition Planning With a Coach

• I use a professional business assessment to help you choose the best transition option for the highest return on investment.
• We incorporate your personal goals into your business transition strategy.
• We will prioritize your stipulations during sales deals, whether internal or external.
• We strategize minimizing potential losses.
• You will plan how much involvement (if any) you want to remain in your company once transitioning.
• You will successfully establish a family business if desired.

Financial Readiness

We’ll develop financial projections by assessing taxes, revenue, and cash flow for transition funding.

Cultivate the Next Leadership

A transition plan incorporates the preparedness of your successor, if applicable. Whether passing the business on to a family member or employee, we’ll develop performance plans for the next leadership.

Create an Optimal Transition Strategy

You’ll know when to transfer ownership, receive clarity on your role and responsibilities in the transition process, and choose the strategy for fulfilling your personal and professional goals. Business owners can book a consultation with me today for business transition assistance. I look forward to helping you create optimal stewardship of your business.