Building a successful business takes a great deal of hardwork and planning. When it comes time to consider your exit strategy, careful planning is equally important. Depending on the complexity, a business owner should start thinking and planning the exit strategy 3-4 years in advance.  Sometimes businesses need to restructure or clean up the financial in preparation for a smooth exit for top dollar, which could take years to accomplish.   Don’t wait until you have to sell your business to prepare it for sale, as the best time to sell is when you don’t have to!   Once the decision to sell has been made, the average time for the sales process is around 8-12 months.

An exit plan is an owner-centric activity which thoroughly examines the many factors that affects their departure from the business. It is a process that addresses the personal, business, financial, legal, and tax questions that arise from the transition of a business. The ultimate goal of any exit plan is to maximize the value of the business at the time of exit in order for the owner to achieve their personal objectives.

Many business owners believe the only source of generating wealth comes from the cash flow of the business, while completely overlooking the stunning wealth that a business sale can create. Talk to us about how we can help extract the value of the business you have spent a lifetime building to ensure you have the resources for the next chapter of life.