The 8 Exit Strategies for Business Owners
Transfer the company to a family member.
Sell the business to one or more key employees.
Sell to employees using an employee stock ownership plan.
Sell to one or more co-owners.
Sell to an outside third party.
Engage in an initial public offering.
Become a passive owner.
Would the value of your business be in jeopardy for you or your family if you became a victim of the 5 D's?
Did you know, 99% of business owners surveyed agreed with the statement "Having a transition strategy is important for both my future and for the future of my business."
Despite the 99% of business owners agreed:
79% had no written business transition plan
48% had done no planning at all
94% had not written personal plan
Your BOSS Certified Exit Planning Advisor Team
What is an Exit Plan?
There are three legs to the Exit Planning Stool
- Personal Preparedness
- Financial Preparedness
- Business Attractiveness
How do you start to develop an Exit Plan?
You start with an Exit Assessment
You need to know where you are now.
Work with a Certified Exit Planning Advisor
A CEPA advisor can help you review your assessment and help create a map of where you want to go.
- When to exit
- How much do you need
- To whom do you want to sell
You have been doing the same thing or going to the same place- your business for a long time! If you sell your business, what will you do? Business owners without a plan for what they intend to do can profoundly regret selling. We offer ideas on how to set up your next chapter for success!
How much do you need to get from the sale of your business? Instead of "taking what you get,” the trick is knowing how much you need your business to sell.
- Capital gains taxes
- Business broker commission
- Attorney & CPA costs
What ways can you save more money to prepare for your exit?
How attractive is your business?
You may think it is great, but what does an outside buyer see?
- Management Team
- Recurring revenue streams
- A lack of owner centricity