Exits Happen: Plan Yours

The number of entrepreneurs who don’t think about an exit plan until they’re months away from retirement is staggering. But unexpected events can also leave owners financially unprepared for succession—a health emergency that cripples their ability to continue doing business…or a highly attractive, time-sensitive business offer.

That’s why the sooner you begin the exit-planning process, the better. Three to ten years is ideal, as this allows you to refine operations, address inefficiencies, prepare staff and secure a premium valuation. But shorter timelines—even a year or less—can still improve your outcomes.

Take the first step in planning your exit. Contact Robin today.

EXIT STRATEGIES

Which One is Right for You and Your Business?

When considering which exit strategy is right for you, it’s important to take into account your business, family and future financial goals—and discuss them with your exit advisor. Exit options include:

Mergers and Acquisitions

Sell or merge with another entity.  A strategic exit plan that incorporates financials, cash flow forecasting and market positioning greatly increases the likelihood of a higher valuation.

Succession

Pass business on to a child, relative or employees through a sale or employee stock ownership plan (ESOP).  An effective exit plan that includes tax strategies, estate planning and capital gains planning can minimize tax burdens and improve net proceeds from a sale or transfer.

Liquidation

Sell all assets and close business.  This is often the option for small businesses that depend heavily on the performance of a single individual.

IPO

Transition from a private to a publicly traded company.  A strategic exit plan is critical, as owners may be personally liable or subject to prosecution for any accounting “irregularities” or failures in disclosure.

Start Your Exit

Free consultation call with Robin.

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Wealth Strategist Robin Edgar takes a 360-degree approach to exit strategy, partnering with a select network of Financial Advisors, Attorneys, CPAs, and M&A Experts to create tailored plans for each client and business.

FREE Exit-Planning Consultation

Discuss your business and exit goals with Robin.

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