Topics and Events
What’s Going to Happen?
This article, “What’s Going to Happen?” demonstrates the significance of the exit planning process, emphasizing that it not only guides a business owner toward their desired outcome when they step away from the business but also highlights the advantages of proactive planning for their heirs and those instrumental in the business’s growth and success.
Your Exit is Someone’s Beginning
When considering who will own your business after you, it is critically important that you are able to see that your future owner will face the same challenges that you face and will be looking for the same reward that you are looking for from the ownership of your business. Therefore, it is very accurate to say that your exit is truly someone else’s beginning. This newsletter is written to provide owners with a perspective on what a potential buyer will be experiencing and why it is important when you sell or transition your business to someone else to consider what may be important to them.
The Problem with “The 5-Year Exit Plan”
Most business owners who are asked about their exit plans will reply that they want to exit their business ‘in about 5 years’. Oftentimes, 5 years later, the same owner will give the same answer to the same question. In reality, the 5-year window is a subconscious resistance to beginning the process of planning for an exit. This newsletter is written to help owners see that the perpetual 5-year plan is not good for themselves or their businesses and that the natural tendency to delay the planning for your eventual exit may be costly to both you, your company, and the people who depend on your business for their livelihood.
The Myth of Easy Exits
This newsletter is written to help dispel the myth of easy exits so that owners are encouraged to prepare for their exits and to encourage the assembly of the right team of advisors to assist with the process.
Six (6) Key Metrics to Help You Plan Your Exit
In this article, we outline some exit metrics that you should not only measure but also monitor as you make plans for yourself and your business. Over time, by thinking about these six (6) key exit metrics, your exit should become more apparent as you take steps towards a successful business exit.