Exiting Strategies

Do you have any plans for how you want to exit your business?
Or does a profitable exit seem like an unattainable dream?

One thing I have learned over my 40-year career as a business advisor is that many business owners have no written plan for exiting their business.

One of the main reasons for this is that many business owners spend every waking hour working in their business, not on it—they’re consumed by the fires that flare up every day. On top of that, even if they do sit down to plan, they simply do not know who, when or how to get the process started, let alone how to time their exit.

Having a professional to assist you in understanding the exit process and setting aside time for working exclusively on exit planning is the first step. Regardless of the age of the business, the perfect time to start is now. We should always be prepared for the twists and turns of life, family and the economy. Sudden death, short-term disability, terminal illness, and loss of a major customer are a few events to be prepared for.

 Every business should have an Exit Plan, just as everyone should have a Will.

Our strategic exit approach begins with a unique Discovery Process. You complete several surveys that dig deeper into your desires, and we then educate you on the various options available to exit the business.

During the Discovery Process, we determine factors such as financial readiness, mental readiness, owner dependency, business value, operating efficiency, and value gap. We then develop a road map for you to navigate the way to your destination. The Discovery Process can be completed in 30-45 days—a blink of an eye in the life of a business.