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Month: October 2020

Month: October 2020

Business Exit Planning – Goals

Thursday, 29 October 2020 by Business Exit Planning
The starting point for any type of plan is defining its goals. In the case of planning a business exit, this means knowing what it means to exit your business in style. We believe that the reason that business owners do not act on their goals is because their goals are not actionable, meaning the
  • Published in Business Exit Planning-Video

Business Exit Planning – 3 Step Exit Path Selection Process

Thursday, 29 October 2020 by Business Exit Planning
Establishing thoughtful objectives lay the foundation for a successful exit plan. Doing so well in advance of your departure helps give you the time necessary to make your goals a reality. Step one: identify your most important objectives, financial and nonfinancial. Example: how much money will i need from the transfer of the business to
  • Published in Business Exit Planning-Video

Business Exit Planning – 8 Ways to Exit Your Company

Thursday, 29 October 2020 by Business Exit Planning
Here are eight ways for a business owner to leave their companies. Number one: transfer the company to a family member. Number two: sell the business to one or more key employees. Number three: sell to key employees using the employee stock ownership plan, or ESOP. Number four: sell the business to one or more
  • Published in Business Exit Planning-Video

Business Exit Planning – Who is a Certified Exit Planner

Thursday, 29 October 2020 by Business Exit Planning
Business exit planning is an established process that creates a written roadmap or exit plan, involving efforts of several professionals facilitated and led by certified exit planning professional. A certified exit planner follows the systematic approach that applies a consistent set of steps, giving you as a business owner the ability to develop a unique,
  • Published in Business Exit Planning-Video

Business Exit Planning – Exit Objectives

Thursday, 29 October 2020 by Business Exit Planning
The business exit process begins and ends with the owners principal exit objectives: Number one: the date the owner wants to leave. Number two: the amount of money owners want in the bank when they leave and number three: the successor they chose to take over their companies. Once the owners set these three objectives
  • Published in Business Exit Planning-Video

Business Exit Planning – 7 Step Process

Thursday, 29 October 2020 by Business Exit Planning
The seven-step exit planning process from the Business Enterprise Institute is a tested, owner-centric process that business owners use to help plan successful exits from their companies. The process benefits both owners and their companies even if they never plan to exit. The process begins and ends with the owner’s principal exit objectives: number one:
  • Published in Business Exit Planning-Video

Business Exit Planning – Explained

Thursday, 29 October 2020 by Business Exit Planning
An exit plan is a holistic approach to a business exit strategy. Exit planning is the creation and execution of a strategy that strives to allow owners to exit their business on their terms and conditions. It is an established process that creates a written roadmap or exit plan, involving efforts of several professions facilitated
  • Published in Business Exit Planning-Video

Growing Business Value When Times Are Tough

Thursday, 22 October 2020 by Business Exit Planning
In times of great uncertainty or disruption, some business owners will panic and bury their heads in the sand. Some will sit tight and wait for things to settle down. But others will try to create opportunity and future growth. Which will you be? We’re here to help you be the latter.  Minimize Tax Exposure
  • Published in Exit Planning

Does Your Spouse Feel Left Out of Key Business Decisions?

Thursday, 22 October 2020 by Business Exit Planning
Sometimes when planning the next chapter in your life, the most important people somehow feel left out. Deciding to transition out of ownership of your business is one of the most important decisions a business owner can make, so it only makes sense to include your loved ones in that planning.  How Will Your Spouse
  • Published in Exit Planning

Realistic Timelines

Thursday, 22 October 2020 by Business Exit Planning
Global economic disruption uniquely affects each business. Whether you are being hit with a hammer or expect to suffer a slow burn, your reaction to changes and proactive planning will play a major role in how your future unfolds. Signals indicate that once we start to get COVID-19 under control, the world economy will begin
  • Published in Exit Planning
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Recent Posts

  • Business Exit Planning – Income Needed

    While working on setting a date, you can get st...
  • Business Exit Planning – Departure Date

    Setting a target departure date is absolutely i...
  • Business Exit Planning – Goals

    The starting point for any type of plan is defi...
  • Business Exit Planning – 3 Step Exit Path Selection Process

    Establishing thoughtful objectives lay the foun...
  • Business Exit Planning – 8 Ways to Exit Your Company

    Here are eight ways for a business owner to lea...

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