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Jul 1, 2021 · By understanding your personal goals, you have established how much money you will need in the next phase of your life — a phase that will not include your company. This establishes your...
- Discovery Phase
- Internal Analysis Phase
- Education Phase
- Strategy Phase
- Some Final Thoughts
The Exit Plan begins with you. After building your business, the next hardest challenge you face as an owner is how to get out of it successfully. Remember, your exit will likely be the most important transaction you will ever make with your agency. Doesn’t it seem like a little proactive planning is in order? As I said, the Plan begins with you. W...
This is where you turn a hard eye inward and look at the numbers and at what is special (or maybe a little bit weak) in your own shop. The starting question every owner has is: What is my agency worth? And the answer is, it depends. Begin with your most recent three years of historical financials. Recast them to normalize your own compensation to a...
Now that all of the groundwork has been laid, it’s time to do something with it… and this is where the Exit Plan really starts to get interesting. This phase involves taking the information that’s been gathered and understanding the options it reveals. Where do your goals and priorities, your timeline, your staff’s interests and aptitudes, your fin...
Once you’ve figured out the exit path you hope to follow, it’s time to think about the best steps to maximize your chances of success and your financial return once you get to its end. In the best case scenario, everything is already positioned perfectly for you to begin to implement your strategy on the day you’re ready to go. Unfortunately, best ...
Your exit is simply too important – and too difficult – to leave to chance. Like any business challenge, the more you plan for it and the more intentional and proactive you are in preparing for it, the more successful it will be. Simply knowing that you want to exit someday is not enough. You need to know how you want to exit and have a plan in pla...
- Scott Leff
Aug 2, 2023 · An exit plan helps you negotiate your sale confidently by allowing you to plan for the future and ensure you get the best deal possible. This is because an exit plan assesses how much money you want from your business after selling it, which helps you converse with potential buyers.
Oct 31, 2020 · A business exit strategy is a plan made by an owner to sell their company, or their share in a company, to another corporation or group of investors.
Sep 28, 2023 · An exit plan, a term often surrounded by uncertainty and confusion, is a strategic blueprint used by an owner or stakeholder to formally exit the company. In this article, we’ll explain the importance of an effective exit plan, dive into how to create one, and provide tips on what to consider when implementing your strategy.
Feb 21, 2024 · That being said, when you think about your exit plan, you’re not only going to want to know how you’re going to leave, but you should also factor in other considerations that are involved in this process such as: Are you going to make money when you leave your business? How much money are you going to make?
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Nov 16, 2023 · M&A trends and considerations. Having an exit strategy beyond just an IPO is equally important, especially in today’s challenging market conditions. A well-rounded path to exit gives founders and management teams a roadmap to follow and pivot when needed.
