Business Succession Planning
Exit Planning
Many business owners want to establish a legacy that will last after they leave the company. That legacy may be to create a company that will last, or to create a company that family members can run, to create a company that will be run by their employees or to maximize the net after tax proceeds of a business sale to fund personal or family needs. This legacy vision is often what drives the exit planning process.
An exit plan is a comprehensive roadmap to successfully exit a privately held business. An Exit Architect asks and answers all the business, personal, financial, legal, and tax questions involved in selling a privately owned business. It includes contingencies for illness, burnout, divorce, and even an owner’s death. Its purpose is to maximize the value of the business at the time of exit, minimize the amount of taxes paid, and ensure that the business owner can accomplish all his or her personal and financial goals in the process.
The key to maximizing the value of your business is to create a successful business, growing, and transferrable to a third party, whether that party is outside or inside your company and/or family.
An exit plan can be complex and usually requires advice from several different specialties.
Business Acceleration
We provide Business Acceleration Services in two different ways:
Using proprietary Business Acceleration Software, we develop a custom, detailed project plan to help your business increase both revenue and EBITDA. EBITDA is an acronym for Earnings before Interest, Taxes, Depreciation, and Amortization. This is often used to estimate the amount of cash a business generates during a year.
We are a Certified Value Builder using John Warrillow’s “Built To Sell” growth methodology. This methodology focuses on helping you improve the 10 factors that increase the value of your business, primarily focused on improving your business multiple.
Mastermind Groups
In peer-to-peer informal boards of directors, we provide business owners:
- Frequent access to nationally recognized business and thought leaders.
- Regular Meetings with their business peers.
- Regular opportunities to discuss company or personal issues, challenges, and opportunities.
- Participation in an Annual Business and Economic Summit.
- Access to other locally sponsored business events.
- Monthly scheduled access to a Facilitator.
- Access to a member portal that provides information about other members.
- Quarterly newsletter on top business issues.