Why You Need an Exit Planning Advisory Team

The event of exiting your business is like the confluence of several rivers. It is the culmination of the investments made of your time, energy and finances over much of your life. You’ll want to exit on your terms and according to your own timing, while leaving your business financially sound and in good hands.

Planning and executing your exit strategy is a complex process that requires expert advice to ensure that all pieces of the exit puzzle come together seamlessly. Your exit planning advisor is your chief strategist and the constant throughout the exit planning process. He or she will help guide you through the many aspects of developing a comprehensive exit plan. Elements of the exit planning process include:

  • Clarifying your exit objectives
  • Assessing any current plan you may have and your readiness to exit
  • Determining your company’s value and its value drivers
  • Identifying the gap between where you are and where you want to be
  • Identifying the steps to achieve your objectives
  • Maximizing and protecting your company’s value
  • Quantifying your business and personal financial resources
  • Ensuring that your personal wealth and estate planning details are in order
  • Determining how you will transfer ownership of your company Tax planning
  • Creating a business continuity plan

Bringing these various elements together to produce a profitable and successful exit requires the expertise of various professionals at different stages of the exit planning process. Your exit planning strategist can recommend experts if you don’t have your own and can help you work with your exit planning advisory team. That team should include:

  • CPA
  • Valuation Specialist
  • Financial Planner
  • Insurance Advisor
  • Investment Advisor
  • Business Attorney
  • Estate Planning Attorney
  • Business Broker
  • Investment Banker

Their advice will help to maximize the return on the investment of your time, energy and finances, and solidify the components of your exit strategy. An exit plan and an advisory team of experts will also empower your business to perform optimally until your exit, whether it is two or ten years away. Let us know how we can help you drive these efforts forward to achieve your successful exit.

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