Most business owners do not think strategically about their exit from the business - they simply sell when they have to and are often quick to accept a price that is well below their expectations and doesn’t reflect the years of hard work the business owner(s) have put into their business.
Research suggests that there is a high probability that developing an exit plan 12-36 months prior to selling the business will dramatically increase the value of the business and the ultimate net proceeds that the business owner(s) will receive.
The Exit Plan should consider market, personal and business cycles matched against the business owner(s) personal goals and expectations.
Specifically, an Exit Plan will review and identify:
At Compass South we work alongside business owners using a proven and well-structured process to help project manage the entire Exit Planning Process and to successfully groom your business for sale and maximise the sales price.
Starting the hard work now will ultimately enable you to significantly increase your chances of selling your business for a premium sale price - providing you greater ability and options to enjoy your retirement or next chapter in your life!
If you would like to learn more and discuss the benefits of using an expert in exit planning, please feel free to contact Jonathan McWatt on (021) 910 235 or one of our trusted business advisors.BACK TO BLOG OVERVIEW