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Planning Your Exit Strategy:
The Key to a Successful Transition
Chapter 5
When to Sell (And When Not To)
For business owners, their business is likely their largest asset, usually tying up 70-90% of their entire net worth. However, most do not have a current valuation of their business and do not know if an eventual sale of their business can support their goals for retirement.
“Finish Strong: Sell Your Business on Your Terms” will bring light to the many questions around your eventual exit from your business. Know what makes businesses more attractive to buyers. Understand how preparing early and running a structured sales process can achieve what matters most to you. Look at your own emotional readiness for your next chapter. Sell your business on your own terms.
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Fill out the form below to receive your complimentary book and business valuation.
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Thank you! We will reach out soon to schedule your business valuation and you will receive your complimentary copy of Finish Strong: Sell Your Business On Your Terms shortly.
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If You Don’t Plan For An Exit Now, You’ll Regret it Later
Preparing for an exit isn’t just for those who are ready to exit their business today.
If You Don’t Plan For An Exit Now,
You’ll Regret it Later
Preparing for an exit isn’t just for those who are ready to exit their business today.
Increase the Value of Your Business
Getting a head start on planning how to leave your business can not only give you more choices but also can boost the value of your business when you’re ready to sell. Your exit plan is crucial for a successful sale.
Increase the Value of Your Business
Getting a head start on planning how to leave your business can not only give you more choices but also can boost the value of your business when you’re ready to sell. Your exit plan is crucial for a successful sale.
Sell on Your Terms
Getting a head start on planning how to leave your business can not only give you more choices but also can boost the value of your business when you’re ready to sell. Your exit plan is crucial for a successful sale.
Sell on Your Terms
Getting a head start on planning how to leave your business can not only give you more choices but also can boost the value of your business when you’re ready to sell. Your exit plan is crucial for a successful sale.
Get a Sense of Direction & Control
A business exit plan provides you with a clear roadmap, offering a sense of direction and purpose as you navigate the transition. It also empowers you to maintain control, enabling you to make informed decisions that align with your goals and aspirations.
Get a Sense of Direction & Control
A business exit plan provides you with a clear roadmap, offering a sense of direction and purpose as you navigate the transition. It also empowers you to maintain control, enabling you to make informed decisions that align with your goals and aspirations.
Finally Check Items off Your Bucket List
Selling your business can be a gateway to transitioning from the role of a
business owner to someone who can finally start ticking off items from their
bucket list. It's akin to unlocking the potential for new adventures, pursuing
lifelong dreams, and embracing the freedom to live life to the fullest.
Finally Check Items off Your Bucket List
Selling your business can be a gateway to transitioning from the role of a
business owner to someone who can finally start ticking off items from their
bucket list. It's akin to unlocking the potential for new adventures, pursuing
lifelong dreams, and embracing the freedom to live life to the fullest.
The 5 D's
We'll work together to create a plan that will "De-Risk" the negative impact of these events. We will also help you assess what you currently have in place, what you may need to do as your systems grow and change, and why this process should be reviewed annually.
Death
Imagine right now, you are in the middle of an intersection and are T-Boned. What do you want your family, management team, and ownership team to know? What happens to your loans? Are the beneficiaries on your assets and life insurance correct? Who should family and management talk to for advice? Do you have a documented plan for those impacted by this event? What obligations does your business have to your estate for the value of your shares?
Disability
Now imagine that you had a stroke and cannot talk or write. Does your family know where your important papers are? Do you have a power of attorney for financial and medical matters? Do others have essential passwords that enable them to pay your bills or interface with customers, vendors, etc.? Will this event invoke a purchase of your shares? How will it be paid? Who has the right to vote your shares?
Divorce
Your spouse announces that he/she has grown apart from you and now wants to end your marriage while the two of you are still friends. How will your shares be valued in a divorce? Do you have a prenuptial agreement? How will the changes in your finances impact the cash needs of the company? Do you know your options on how to create a non-adversarial process to make the decisions needed to unbundle your financial affairs at the end of a marriage and mitigate the impact on your business?
Disagreement
When multiple partners enter into a business, is it all roses and rainbows? They rarely prepare for conflict with a productive exit clause. Like all relationships, business partners sometimes decide not to co-own a business. How will your interest be valued? How will it be paid?
Distress
2020 has taught all of us some painful lessons regarding business interruptions and external threats we could never imagine. Many businesses suffered disruption to their business’ productivity and the delivery of their products. What was the strength of your back up system? What insurances did you have to cover business interruption? Good contingency planning includes risk reduction strategies and policies to protect against everyday disaster situations, including data breaches, property disasters, supply chain disruption, work safety incidents, and critical employee loss.
Empower Yourself Today &
Make the Best Decision for Your Future
Don’t miss out on the opportunity to create a more stable future for you and your business. To get started today all you need to do is Fill out the form to receive a complimentary copy of Finish Strong: Sell Your Business On Your Terms with a forward written by Kelly Carter, along with a 15-minute business valuation.
Empower Yourself Today &
Make the Best Decision for Your Future
Don’t miss out on the opportunity to create a more stable future for you and your business. To get started today all you need to do is Fill out the form to receive a complimentary copy of Finish Strong: Sell Your Business On Your Terms with a forward written by Kelly Carter, along with a 15-minute business valuation.
Get Your Complimentary Book
& Business Valuation
Fill out the form below to receive your complimentary book and business valuation.
Contact Us
Thank you! We will reach out soon to schedule your business valuation and you will receive your complimentary copy of Finish Strong: Sell Your Business On Your Terms shortly.
Please try again later.
🔒 Privacy Protected. Privacy Policy.
Get Your Complimentary Book
& Business Valuation
Fill out the form below to receive your complimentary book and business valuation.
Contact Us
Thank you! We will reach out soon to schedule your business valuation and you will receive your complimentary copy of Finish Strong: Sell Your Business On Your Terms shortly.
Please try again later.
🔒 Privacy Protected. Privacy Policy.
Advisory Services offered through CreativeOne Wealth, LLC an Investment Advisor. Beacon Retirement Planning Group, Inc. and CreativeOne Wealth, LLC are not affiliated.
Licensed Insurance Professional. Respond and learn how insurance and annuities can positively impact your retirement. This material has been provided by a licensed insurance professional for informational and educational purposes only and is not endorsed or affiliated with the Social Security Administration or any government agency. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice.
Annuities are insurance products backed by the claims-paying ability of the issuing company; they are not FDIC insured; are not obligations or deposits of, and are not guaranteed or underwritten by any bank, savings and loan or credit union or its affiliates; are unrelated to and not a condition of the provision or term of any banking service or activity.