QUESTIONS TO ASK YOURSELF ABOUT YOUR BUSINESS EXIT PLAN
When it comes to creating a business exit plan, sooner or later every business owner will have to answer some key questions to determine how to proceed.
1
What do you believe your greatest challenge is when you think about planning for the future?
2
Do you see your role in the business changing or evolving as time passes?
3
What do you hope to do once you leave your business?
4
Have you made plans to pass along or sell your ownership interest?
PROTECT WHAT YOU WORKED HARD TO BUILD
It likely took years of development and analysis to find the best way to make your business successful. Equally, it will take years of refining to create a plan for exiting your business. Starting early is critical, and our succession planning guide can help you set a course for success. This comprehensive guide endeavors to address several important aspects of your exit and succession planning.
Topics covered in this guide include assessing and building business value, business continuity, and various succession types including insider business transfers, Family transfers, third-party sales, and selling to a co-owner. We also cover value drivers, IPOs, passive ownership, and liquidation, buy-sell agreements, estate planning for business owners, gap analysis, and ways you might derail success.
For most owners, the business is your most significant asset and the number of possible exit routes can seem unlimited. As you begin drafting what a successful business exit might look like for you, we look forward to helping you identify your goals and create a plan that lets you and your family enjoy your exit while leaving a legacy for your business stakeholders and community.
Check out our carefully curated articles on succession planning.
