Quarterly Newsletter, September 2008
Not all Entrepreneur’s Exit Plans are designed to achieve the greatest value and net cash flow. And why do you suppose that is? Many owners of closely held businesses are unaware of the extent to which they can improve their exit by taking strategic steps in the 18 to 24 months prior to their intended departure date. Instead, many think that when it is time to “pull the trigger”, they simply need to find a resource to help them. Unfortunately many life-long Entrepreneurs find themselves relatively unprepared for the experience. Without a Strategic Exit Plan, money can be, and often is, left on the table when a business acutally does sell.
A well-prepared Entreprenuer will know the answers to these questions:
- What are the names of the Ideal Buyers for your business?
- Why would they want to buy your business?
- What do you need to do to increase the likelihood that you sell your business to your Ideal Buyer?
- When do you know it is the right time to sell your business?
Recently, we launched our proprietary planning process called “Your Strategic EXITPlan” to Successful Entrepreneurs. We have enjoyed an overwhelmingly positive response. If you would like to learn more about our process, give us a call at 724 733-2548 or drop us an email at Holly@EnterpriseTransitions.