EXIT & SUCCESSION
PLANNING
SET YOUR BUSINESS UP TO
GIVE YOU OPTIONS
If you’re like most business owners, most of your wealth is tied up in your business.
Our exit and succession planning services will help you:
Create clarity around your current situation by helping you understand where your business is today & how ready you are to sell it – both financially & personally.
We’ll do this by assessing the value of your company and compare it to industry peers and the sales multiples others have received, determining your business’ value gap.
We’ll work with you to understand how a third-party buyer would look at your company and determine its value these are both company factors as well as personal factors, such as why you’re looking to sell in the first place.
We’ll help you figure out how much you need to actually sell your company for, factoring in taxes & tax-efficient strategies, sale costs, incentives & staff bonuses,in order to create the retirement lifestyle that you need.
We help you determine the exit strategy that you should take by identifying the best buyers of your organization – internal sale, third-party or family succession.
You might not want to retire today but if your business is ready for exit – you’ll be able to step away if you choose to in the future. Your exit plan gives you options.
And while we might not like to think about it, 50% of businesses end up closing for one of the undesired D’s death, divorce, disagreement between partners, disability, or distress (financial or mental.)
OUR EXIT PLANNING APPROACH
Our approach is centred on readiness. Our goal is to have you prepared in these 3 areas:
PERSONAL READINESS
How can your business exit give you the life you (really) want?
This part of the process focuses on YOU and what YOU WANT.
We look at what’s important to you first, so that we can build a plan tailored to your specific needs.
Ideal lifestyle
Personal interests
Purpose
Values & fulfilment
Philanthropy
FINANCIAL READINESS
Will you have enough money?
This part of the plan focuses on your wealth and future income.
We’ll take a close look at these:
Business Value
Financial Planning.
Personal Wealth
Trusts
Investments.
IPP and RCA
BUSINESS READINESS
Is the business ready for your exit?
Whether you choose to stay on in a more limited capacity, sell to an outside party, or sell internally to family or employees – your business needs to be set up to run without your involvement.
In this part of the planning process, we review your business & look at:
Mitigating Risks
Separating business from personal
Setting up the business to run independently
Making the business attractive to buyers
Your first step is a free consultation call to see if we’re a good fit to work together. Click the button to set up a time I’m looking forward to meeting you!