Insights
Exit planning, page 4
Exit planning
Are You Ready to Exit Your Business? Value, Motives and RecordsThree tests that show whether you are ready to exit: a realistic value, a real reason to sell, and records a buyer can verify.
Exit planning
Determining the Right Time to SellThe company, market and personal signals that suggest it is time to sell, and why a good time beats waiting for a perfect one.
Exit planning
Should You Sell Your Family Business?Five questions that decide whether to sell a family business now: value, what comes next, readiness, the buyer and who negotiates.
Exit planning
Why You Should Focus on Proper Exit PlanningProper exit planning makes a company transferable. Here is what buyers test for transferability and how to fix each weak point.
Exit planning
What Do You Need to Do to Get Your Business Ready to Sell?What to do in the year or two before a sale: an outside financial review, a team that stays, less owner dependence, clean records and a plan.
Exit planning
The Hidden Benefits of Planning Your Succession StrategyThe benefits of succession planning that arrive long before a sale: a stronger company, more time, calmer family talks and emotional readiness.
Exit planning
Having Your Children Take Over the Family Business: What to Decide FirstHow to judge whether your children are ready to run the family business, and the choices on roles, pay, ownership and letting go.
Exit planning
Succession Planning vs. Exit Planning: Why Every Company Needs BothHow succession planning differs from exit planning, why smaller companies need it most, and how to match leaders to each stage of growth.
Exit planning
Day One is the Day to Prepare Your ExitWhy the best time to plan your exit is the day you start the company, and the habits that keep it sellable from the beginning.
Exit planning
When It’s Time to Sell, Put Your Strengths FirstWhich strengths buyers pay for, how to prove each one with records, and how to keep them intact while the company is on the market.
Exit planning
5 Key Factors in Transferring Your Business to a Family MemberThe five decisions behind passing a company to a relative: gift or sale, valuation, financing, estate tools and documentation.
Exit planning
Embracing Retirement and Selling: 4 Tips for a Smooth TransitionFour steps for owners who want to retire through a sale: know your number, define your role after closing, plan the handover and choose well.