Although there are many ways to get into a business, there are only a few ways to Exit.
Some are unpleasant, yet they happen and they should be planned for (Death and Disability). We always address these in every ROAD MAP & STRATEGY PLAYBOOK, because no one wants to be remebered for their lack of planning in these areas.
The 4 more common Exit Routes we help business owners plan for are as follows:
THE "SALE TO OUTSIDE BUYER" ROAD MAP & STRATEGY PLAYBOOK
This Exit Route is for Owners who want to start doing Pre-Sale planning to sell for maximum value to an Outside Buyer. Preferably you would have 2-4 years to prepare so you could appeal to a Stretegic Buyer, who would pay top dollar for your "niche" business.
THE "FAMILY TRANSITION" ROAD MAP & STRATEGY PLAYBOOK
This Exit Route is for those who wish to "leave a legacy" and pass the business own to the next generation. It requires special strategies due to the family dynamics and the tax traps that the Government had laid out for inter-generational transfers.
THE "SALE TO INSIDE BUYER" ROAD MAP & STATEGY PLAYBOOK
For Owners who wish to sell their business to "insiders" (Key Management or all Employees), another route must be taken. The inherent problem is that the key employees likely do not have their own sources of cash for the purchase, so we help explore a variety of financing, tax minimization and cash flow protection strategies.
THE "GO PART-TIME" ROAD MAP & STRATEGY PLAYBOOK
This route has become more common after the receent economic downturn. Many owners are tired, and want to explore other life opportunities, and shed many of the day-to-day responsibilities of their business, yet they cannot sell their business currently and receive enough capital to support their lifestyle. So we focus on strategies to retain key employeees, delegate tasks and protect the business. Call 866-370-3774 to schedule a call to discuss your objectives.