a business entrepreneur you recognize the struggles owners have with
the large universe of issues relating to running a business. Day-to-day
challenges as well as a focus on planning and implementing for growth
and financial business success can often result in exit planning
being put on the back burner—or out of mind entirely. Ultimately,
a planned exit from the business you worked hard to create can result
in reaching your goals, but many owners just fail to plan.
Over the past several years we have spoken with a number of business owners who were ready to exit their businesses, but no one was knocking their doors down with a large bucket of cash. These owners had done little preparation and found themselves
with no way to accomplish their exit objectives. Put simply, it was too late.
Your exit from your business should be determined by you, not by circumstance. Exit Planning helps to create the infrastructure for effective value-enhancing transfer of control and ownership.
The "What Ifs" for a privately held business owner:
- What if I don't want to do this anymore? What happens next?
if something happens to me—if I die too soon or become disabled?
if my key employee leaves?
- What if cash flow doesn't improve and I can't
pull from the business my financial requirements to support my lifestyle?
- What if I can't get the multiples for my business that I want and need
from the sale of the business?