Business Succession Planning and Exit Planning
Part of your business strategy should be how and when you plan to exit your business.
How much thinking do you do about the future of your business when you no longer want to run it? Are you thinking about trying something new, transferring the company to family, employees or selling?
That’s what succession planning and exit planning are all about long-term planning to ensure positive business transitions. And in reality, the time for developing these strategies is TODAY. Don’t wait until a year or two before you’re ready to sell your business, for you may not have the time to maximize the value of your business.
Our expertise is in helping owners maximize value anddevelopbandness splanningnd exit planning strategiesing strategies. All are inextricably intertwined.
Why you need a Succession Planning Strategy
You have worked hard to build a business, and you want to ensure the future success of your business.
Neary 90% of small businesses in the US are family-owned. Only about 30% of those businesses survive the transition to another generation. The success of your business surviving has a lot to do with the business succession planning or lack of.
Part of your business plan needs to include who will take over the management of the business once you retire or move on. A business succession planning advisor can help in this area. An advisor is a neutral party who can evaluate things without the emotional baggage that comes with being a family member.
We will help you design and implement a written plan to transfer the management of your business to someone else
Why you need an Exit Planning Strategy
Do you have a financial strategy to sell your business?
Exit planning focuses more on the actual financial transaction of selling your business and transferring ownership. The new owner can be:
- A family member or group of family members
- An employee or group of employees
- An outside party
Working with us can help ensure you maximize the value of your business before the eventual sale. By being aware of how your business decisions affect your business's worth, you can ensure you don't miss out on possible additional profits and revenue from your sale.
We give your business a market advantage and sustainable organizational and fiscal success to drive value to your business.
The 8 Key Drivers that are the fastest, most effective way to scale & increase value.
Our Value Acceleration Program is proven to increase the value of your business. After analyzing over 60,000 companies, the average score is 59 out of 100. If we look at the acquisition offers these businesses have received, the average offer is 1.5 times the pretax profit. By following the system, the Value Acceleration Program users who have improved their score to 90 or greater receive offers of 3.5 times pretax profit on average.
Get Your Value Acceleration Program Score
Diagnose
Diagnose
Diagnose
Diagnose what may be holding you back from creating a company that can fully thrive without you.
Evaluate
Diagnose
Diagnose
See how an acquirer would evaluate your business, enabling you to focus today on what will be important down the road.
Identify
Identify
Identify
Identify hidden things that may quietly drag down the value of your business so you can eliminate them before they become a problem.
Pinpoint
Identify
Identify
Pinpoint the part of your business that will have the most value to an acquirer so you can invest more resources in areas likely to be most attractive to an investor or acquirer.