Extract Maximum
Value from your Business Through Effective Exit Planning!
Owners usually begin to think about succession
in their 50's, i.e. for retirement, but there are many other reasons why the
owner may start to think about exit planning. Many business close when
the owner retires, but continuation is an option that can be planned for.
However many small business owners fail to plan for the
‘end’ of their business life, some think it will just fade away when the owner
chooses to stop, others automatically think SOMEONE will buy it for A
LOT of money!
Both these scenarios are possible, but it takes
time, thought and planning. At DJ Coulter & Associates we consider
strategic exit planning almost from day one. Whether you plan to sell,
or plan for succession from within your business, you must plan well and in
good time.
You expect your business to provide you with
earnings during your working life, why not structure the exit to provide you
with earnings when you stop.
Typically, this will come from;