Business Owner Succession Strategies (BOSS) is an exit and succession planning firm. We help business owners that are 3-12 years out from exit to develop a customized plan. We assist the owner to develop a plan around the three legs of the exit planning stool: business owner financial plan, personal plan post-exit, and business attractiveness. Get started today with an assessment to see where you are now and where you need to be at exit; after all, every business owner will exit his or her business. That is why we think: exit planning is simply good business planning.
Exit and Succession Planning
Too many business owners make the mistake of thinking that the time to prepare and develop an exit plan is when they are ready to exit their business, Unfortunately, once they reach that point, most of the value that could be generated by developing and implementing a productive exit plan has already been lost. So begin today. It will require a significant investment of your time and resources. But if you chose to take that step, you are likely to look back at it as one of the wisest investments you have ever made in your business.
All closely held businesses face the possibility of an owner dying, retirement or becoming disabled.
A business owner’s death or disability can create major problems. A lifetime of hard work and investment can be jeopardized, leaving the other owners and the deceased’s family in the difficult position of sorting things out. A properly structured and funded Buy-Sell agreement permits an orderly transfer of the business.