Exit Strategy & Plan

Firstly, we will work closely with you to identify your goals for your lifetime and legacy, as well as your heirs’ financial security. We will also identify specific goals for your employees and any key associates that need to be retained and rewarded upon the sale. We will also learn about your ideal exit timeline to formulate a plan tailored to your needs.

This is an involved and important process prior to listing your business for sale or an untimely death or disability. During this stage, we will update and review your personal financial statements, create a flowchart of your current estate plan, provide a business valuation, review personal expenses and discretionary business expenses, examine your asset sale vs stock sale, and begin to run a cash flow analysis to determine if there is a value gap based on business current value.

The most challenging issue facing business owners is mental readiness. Our financial advisors will ensure you’re prepared by learning who the next owner will be; if you’re ready for your exit, and what you are going to do with your time. We will also help you remain in complete control of your finances by deciding whom you can trust to provide income from the proceeds of the sale.

Most business owners wear multiple hats. Many can have control issues and believe things will not get done correctly if they step away from their company. We strive to provide you with the peace of mind you deserve by learning how long you can take off without getting calls or feeling the need to check in on your business; how comfortable you would be in buying your company without being present to maintain and grow the business, and if your company would maintain its current value for more than two years if you unexpectedly passed away.

The proceeds needed to accomplish your financial objectives may depend on the exit strategy chosen. There are five exit strategies that may have different structures resulting in different proceeds. We will learn how long you plan to stay involved in your business after the sale to determine the value of your exit.

The plan will outline the necessary steps to achieve the ideal business transition allowing you to choose one transition from the five business transitions. It will also provide a succession plan providing financial protection for your family and employees should you decease or become disabled.