Exit Planning
Why should you work with a exit planner?
Only 34% of family businesses survive to the 2nd generation
- That’s 2 out of 3 never successfully make it from mom and dad to the kids. And only 14% of family businesses survive to the 3rd generation.
More than 70% of businesses put on the market never sell
- That’s 70% of those put on the market, don’t sell. And countless more businesses never even get listed but rather die quietly due to an owner’s unexpected death or illness.
Exit planning is one of the most important parts of your overall business plan.
In fact, it could very easily be considered the most important part of your business plan.
One of the most important steps in exit planning is to have an understanding of the value range for your business and, more importantly, what you will net after the transaction is complete. We consider this the “most important” part of exit planning.
Planning for the sale of your business will help eliminate potential surprises. Waiting until the last minute to consider the sale of your business can be setting yourself up for an unpleasant surprise.
We help owners
- Understand the value for your business, both the tangible and the intangible
- Determine how “ready” and “attractive” your company is currently
- Identify your three gaps – the value, the wealth, and the profit gap
- Identify the Range of Value for your company. What is it worth today and what is it potentially worth
- Understand your different types of exit options and how they apply to your company and your exit/sale goals
- Better understand your personal vision and personal financial needs
- Align your business, personal and financial goals
- Create, deliver and maintain 90-day action plans to help you de-risk your business and grow your business value
- Bring your entire advisory team together, and your internal team together, to work towards common goals and better collaboration across the entire team of advisors
