Exit Planning
Ownership transition and succession of management are among the most difficult challenges facing the owners of privately held businesses.
Although every business faces the issue of the owner’s exit, most privately-held businesses do not have an effective transition or liquidity plan in place.
Most owners do not understand the tremendous value exit planning can provide them. As a result, many owners are simply reactive in nature when it comes to managing the value of their organizations.
The result regrettably is disastrous for many owners. A Price Waterhouse study revealed that 75% of owners “profoundly” regretted exiting their business within one year of exiting. An SBA study noted that only 20% of privately held businesses are even saleable meaning these owners will never harvest the wealth of what is most likely their most valuable financial asset.
What side of the equation are you on? What is to become your lifetime devotion?
Use a Certified Exit Planning Advisor, CEPA
Value Creation
Act now to Change Your Outcome. First, let’s bring exit planning out of the closet and recognize that Exit Planning and Value Creation are not one-time events. Exit Planning is simply good business strategy.
An effective exit planning strategy begins long before an actual exit. Optimizing value of your business and your eventual outcome depends on a proactive rather than reactive exit strategy which aligns personal, financial AND business goals. Value is optimized when there is time to understand the strengths of your business and to identify and shore up weaknesses. Early planning allows the owner to invest in building the strategy, building the team, managing the process and creating a more valuable organization which benefits the business now and in the future when the time comes to transition it.
As Certified Exit Planning Advisors, we will show you how to develop and execute cost effective business strategy which focuses on creating business value and a business that can be transitioned to family or to a third party in a responsible and respectful way. We’ll show you how to accomplish this with a set of unique tools and methodology which align your goals, de-risk the business and drive business value via pre-transition value creation initiatives.
For a private, confidential consultation contact us:
Email:
Office: (440) 879-8104
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