An exit strategy secures your future after leaving your business and builds the value of your business before your exit. Following an established exit strategy involves increasing company profit, revenue, and market value to leave your business in optimal condition for all stakeholders.
To leave a lasting impact on the success of your business, receive optimal compensation, and secure your family’s financial future of your family, you want to create a thorough exit plan. Hiring a meticulous certified exit planning advisor to develop a successful exit plan is a valuable investment.
What Is a Business Exit Strategy?
A business exit strategy is the transfer of ownership of your business by selling your business to buyers, merging with another company, passing your business on to a successor, or pursuing an employee or management buyout.
Developing a business exit strategy gives you control over the following:
- The remaining influence you have upon exiting.
- The amount of time needed to leave the company.
- The successor.
- The most optimal compensation you can receive when you leave your business.
Business owners should complete their exit strategy using the most necessary professional assistance to ensure all plan requirements are efficiently addressed, organized, prepared, and accounted for.
My Exit Planning Services
- Financial projection: I provide my clients with personal financial projections to determine how much sales revenue is needed to fund the most optimal business exit strategy.
- Valuation: I will identify your current market value and strategize valuation improvements to appeal to your ideal prospective buyers.
- Profit building: using financial assessments such as a Comparative Benchmark Report and Projections Report, an exit strategy planning coach will create an action plan for financial goals to remain competitive in the marketplace and create a 5-10 year projection of your growth.
- Charitable and philanthropic planning to give back to the organizations and causes you find meaningful.
- Succession leadership development if you choose a family successor to inherit your business. An exit strategy coach will create and execute strategic and performance plans in preparation for your successor.
- Estate and legacy planning: secure your cash, securities, and assets and confirm their distribution to beneficiaries according to your wishes and stipulations.
Benefits of Developing a Business Exit Strategy
- Your exit plan complements your business plan in providing clarity on your company’s future and works with your strategic plan to inform you of operations management improvement.
- With your business exit strategy in place, you will identify the most optimal exit strategy and know when to sell your business on your terms.
- If you have chosen a successor, they will learn the skills needed to become the new leader of your business.
Business owners and entrepreneurs who wish to create a comprehensive and professionally developed business exit strategy can book a consultation with me today.
