Business Succession & Exit Planning
Ready to hear a reality check about Succession & Exit planning from other business owners?
Hereís what is important about these stats*. When we ask owners when they see a major transition in the ownership of their businesses, most of them reply, "Five years". Suppose they donít start the exit planning today, then next year it will still be five years out and the year after that another five (we call that "Perma-Five").
Meanwhile the statistics imply that with every passing year the market for business sales will become more and more crowded, making Business Succession & Exit planning more difficult.
Source: * John H. Brown - Author, "Cash Out Move On: Get Top Dollar, and More, Selling Your Business", 2008
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Every successful business exit strategy requires tough questions and careful advance preparation. Consider the following:
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We have helped dozens of owners throughout Southern California to understand and identify the appropriate Exit Planning strategies to meet their particular goals. Exit and Succession planning is a process.