Category: Business Exit Planning

Business, Business Exit Planning, Business Owner

A Methodical Way to Increase the Value of Your Business – As Part of An Exit Plan 

Let’s face it, when you reach the point of your career as a business owner and becomes time to start planning your exit, you will ultimately want to exit your business by either selling it to company insiders, family, or to a third party, for the highest possible price, in the most tax efficient manner, and on your terms.

Business, Business Exit Planning, Business Owner

When is the Right Time to Get a Valuation of Your Business in Planning Your Exit? 

As I have mentioned many times before when writing articles on business exit planning, doing a proper exit plan takes time and usually requires a methodical process. Over the years, I have developed an exit planning process that was manifested out of the knowledge of a comprehensive financial planning process, and what I have learned over many years of being a member of the Business Enterprise Institute.

Business Exit Planning, Business Owner, Tax Planning

The Business Owner Will Exit Their Business, One Way or Another 

When discussing business exit planning, there are some interesting statistics: 100% of business owners will leave their businesses, whether planned or otherwise; 79% pf business owners plan to exit their businesses in the next 10 years or less; 80% of owners believe that a successful exit will result from planning and action items they implement. But here is the catch – only 17% of owners have created a written plan… and often it takes 3 to 5 years to develop one.

Business Exit Planning

Build a Successful Business Exit Plan by Using a Planning Process 

As a business owner, planning the exit from ownership of your business is probably the single most important decision you will make.  When to exit, how much to walk away with, who to sell it to, what’s the most tax efficient strategy in your circumstance, what timeline is most suitable, and what are the areas of business that need to be improved upon to make it marketable, etc.?  Those are just some of the things that need to be considered….

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