EXIT PLANNING

 

 

Have you thought about getting out of your business?

Is your wealth locked up in your company?

Are you wondering how to convert the value of your company into cash?

Does the idea of succession or retirement seem overwhelming?

 

We help business owners answer these questions every day.

 

YOU ARE NOT ALONE

THREE ELEMENTS OF A
SUCCESSFUL EXIT

 

If you have thought about leaving your business but don’t know how to begin, you are in good company.  Nearly 50% of successful business owners hope to exit their companies within the next five years.  Unless those owners are familiar with The Seven Step Exit Planning Process™, it is doubtful that they will exit in style.

 

The SBA observes the “At any given time, 40% of U.S. businesses are facing the transfer of ownership issue” and “the primary cause for failure…is lack of planning.”

 

To exit successfully, owners need:

 

A Road Map

Exit planning is a process that helps owners decide where they want to go as well as how to get there.

 

Experienced Guides

Owners must assemble a team of trained and experienced advisors to guide them through choices and decisions as they work toward their exit goals.

 

Implementation

Success depends upon a disciplined implementation timetable keyed to an owner’s Exit Plan.

 

Without experiences advisors, and Exit Plan and an implementation timetable, the chances for a successful exit are slim.

 

CREATING YOUR EXIT PLAN

 

A truly cohesive Exit Plan developed by our Team of Advisors will help you maximize the value you receive from your business, allow you to leave it on your terms and will direct the business ownership and other assets to the people you choose and in the manner you choose.

 

In fact, an effective plan requires eight different elements, all of which must be integrated to help you fully achieve your objectives. These elements can be summarized as:

  • Owner Goals and Objectives

  • The Advisor Team

  • The Value of the Business

  • The Purchaser or Transferee

  • Building and Maintaining the Value of the Business

  • Implementing and Monitoring the Exit Plan

  • The Business Contingency Plan

  • The Personal and Family Plan

 

A successful Exit Plan is based on a comprehensive process tailored to your particular goals and situation. It is a process that makes an often complex set of issues manageable and resolvable. The Exit Plan will help to identify and resolve people planning, corporate management and tax issues, as well as financial situations in conflict with your goals.

 

For example, you may want to transfer the business to a family member or to a key employee instead of to a third party. This kind of transaction often presents significant risk to you and can cause cash flow problems. The Exit Planning process will help you to identify if you can afford to do this, how you can accomplish it, what the potential pitfalls may be and how these issues can best be addressed.

 

In all events, PEł can help you to decide what transaction makes the most sense for you and your company and then to position yourself and your company to make that transaction work.

 


HOW WE WORK

 

PEł works as a part of an inter-disciplinary Team of Advisors.  We know that a successful exit is the product of trained, experienced profes-sionals who work together to meet your Exit Planning goals.  PEł will create owner-center Exit Plans based on your goals, objectives, and concerns.  PEł will…

 

 

  • Help you quantify realistic exit objectives

  • Determine not just value, but a likely sale price for your company

  • Create or enhance the Value Drivers in your company

  • Expedite the sale process by avoiding mistakes and solving problems

  • Minimize or eliminate the bite the IRS takes out of your sale proceeds

  • Design and implement wealth transfers to subsequent generations

  • Tell you when you are not ready to sell your company

To learn more about how PEł can create an Exit Plan for your company, please contact Fred Herbert at (817) 294-2364 or fred@pe3consulting.com.