Planning Your Exit

As a business owner, when should you start planning for transition? or, what you might have previously called “business succession planning”? Well, it is never too early. Don’t put it off until the time you finally think about retiring or selling. It can take years to get all the pieces in place, depending on your personal financial situation and the quality of life you desire after business. Like any form of wealth creation, the more time you have to build your assets the more wealth you can accumulate.

The same principles apply to your business, but rather than simply relying on dividends or other investment income you should focus on building the value of the business, so that when you are ready to transition out, you can fully monetize your asset. In our experience, many business owners think that they know what they want but they typically haven’t sat down to discover their value drivers what they really important to them post business exit. Use the resources on this site or better yet contact one of our experts to begin the process.

PLANNING RECENT ARTICLES

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Business Continuity – being prepared in case something happens to you

Stephen Reisler, BusinessExit.com

What happens to your business tomorrow if something were to happen to you today? Life happens and we cannot stop it – accidents, sickness, disease, and death happens daily. None of us are protected against ‘life’ but you can take the necessary steps to protect the business by creating a documented CONTINUITY PLAN.

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Seller Perspective: Eight Steps to a Good Exit

Source: BusinessZone.co.uk
Written By: Christian Annesley

In February this year the serial entrepreneur Mark Mason finalized terms to sell his app-development business, Mubaloo, to a media agencies group wanting to diversify. Here are his eight tips on delivering the right exit based on his own experience

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Boomer Business Owners Beware ..A Shot Across the Bow

Terry Shepherd, BusinessExit.com

Baby boomers…the generation born between 1945 to 1964 were originally defined because of the peak birth rates that resulted from the men returning home from WWII after their long absence. Since their birth, they have supercharged the economy by their unprecedented shear numbers, creating huge waves of demand and opportunity.

PLANNING SHORT VIDEOS

Are you Ready to Exit

Keys to a Successful Succession Plan

Think Activement...Not Retirement!

PLANNING FORMS & CHECKLISTS

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Identify Transition Objectives
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Business Exit/Transition Readiness Checklist
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Spouse or Significant Other Letter
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