Business and strategic plans are necessary for setting a foundation for the future of your company and the steps to get there. Having an exit strategy plan is also essential to your future! By creating an exit strategy, you set goals for company profit gain, revenue, and an increase in market value. A business with business, strategic, and exit plans possesses a complete roadmap to sustainable success!
Certified Exit Planning Advisor and Business Coach of Post Falls, Idaho, Keith Atneosen, possess critical and strategic financial skills from his years in management and sales roles in financial services. With a Master of Science in Financial Services, Keith assists his clients in getting the most return. You should reap the rewards of years of hard work in your next season of life, and getting professional assistance in developing an exit strategy will guarantee it!
What Is a Business Exit Strategy?
A business exit strategy is a process of selling your business to buyers, passing your business on to a successor, or pursuing an employee or management buyout. Developing a business exit strategy helps you get the most financial return and value when you sell your business, whether you remain involved in your company or relinquish total ownership. Complete your exit strategy with the necessary sources of professional assistance to ensure success for all stakeholders.
The Benefits of Developing a Business Exit Strategy
- It functions like your strategic plan, where you’ll have clarity on how to optimize operations. You will explore and implement expense reduction strategies such as making cuts, healthcare savings programs, and automating payments. Keith will also guide you in reviewing processes and system management.
- The business valuation process to determine the economic worth of your business will hold you accountable for achieving and sustaining higher productivity and commercial growth. Keith will assist you with annual benchmarking and tracking business valuation improvement.
- Keith will help you confidently transition ownership to the next generation of leadership by creating and executing a plan for the preparation of your successor. To create a lasting legacy, you’ll need a comprehensive plan.
- You will feel less pressured to consider random offers from investors and other potential buyers with buyout offers. With your business exit strategy in place, you will identify acceptable buyer offers and know when you are ready to sell your business.
- You will generate an inventory of your assets: if your business needs a boost in revenue, you will know what assets are available to sell.
Book with Keith Atneosen! Keith Atneosen is the founder of Freedom Summit Consulting LLC, where he assists business owners with preparing to transition the stewardship of their business. Book a consultation by calling 208-508-2416 or emailing info@freedomsummitconsulting.com. You can also take the Exit Readiness Assessment!
