WHAT IS AN EXIT STRATEGY?
An Exit Strategy is a long-term plan for transferring the ownership of a company from one owner to another. The characteristic of a "Plan" means it is conceived long before it becomes desirable or necessary. This is what distinguishes an Exit Strategy from more abrupt actions such as selling out.HOW MUCH TIME DOES IT TAKE TO EXECUTE AN EXIT STRATEGY?
To have a good chance of accomplishing what they want, Sellers should give themselves plenty of time to lay the groundwork for a sale. This isn't done in a matter of weeks, rather in months, and in many cases, years. Unfortunately, research shows that 70% of business owners do not have an Exit Strategy.WHAT ARE THE STEPS TO ESTABLISHING AN EXIT STRATEGY?
One of the first steps a Seller needs to take is getting a Licensed Business Broker's Pricing Opinion regarding what their business is worth. A "Confidential Pricing Analysis" from The Liberty Group of Nevada, LLC will provide an expected selling price range and make a couple of suggestions on how to structure the transaction. Click here for your FREE Confidential Pricing Analysis
Secondly, the Seller should get a comprehensive assessment of the "Sellability" of their business. The Value Builder System uses an interactive tool to analyze a company across eight different value drivers followed with pragmatic recommendations on how to improve their business making it more valuable. Click here to take your FREE Value Builder Score Questionnaire
The third step a Seller should take is to consult with their Personal Financial Advisor. Does the sale of the business satisfy the needs the Seller faces during the next 10, 20, or more years?
The fourth step the Seller should take is to talk with their Tax Advisor to ensure that all their Tax strategies are in place to maximize their proceeds at the close of Escrow.HOW CAN I BEGIN DEVELOPING AN EXIT STRATEGY?
Contact a Licensed Business Broker from The Liberty Group of Nevada, LLC who will assist in beginning the process to develop a Plan that will satisfy your needs before, during, and after your sale.Click here to have a Licensed Business Broker contact you