There are a lot of reasons to go into business: independence, 金融安全, 追求梦想. But 有 you thought about how to eventually get out?

The importance of planning an exit strategy should be unique to you and your business. It should also be a long-term, systematic approach to better business management. If you build your business so that it will ultimately command a higher sales price, you are (de facto) building a more efficient and profitable enterprise in the interim…good now, 更好的以后. Finally, a plan also offers you peace of mind that your business is always “in order.” If you do not 有 a strategy, you owe it to yourself, your family and your business. 那么如何开始呢?

成功退出的七个步骤

1. 〇确立业主目标 A winning and ultimately successful strategy rests on three owner-established goals, which are the foundation of your personalized Exit Plan:
   1. 当你想离开的时候
   2. How much money you 想要 when you leave
   3. To Whom you 想要 to leave the business
2. Establishing Business Value and Cash Flow
   1. 第一步建立你的 想要 or 需要 in order to leave your business in style.
   2. 第二步决定了你 有你的生意值多少钱? If you are selling to a family member, 主要员工或共同所有人, future cash flow of the business after you leave it (for reasons you will learn) is even more important than value.
3. 推广价值 What features, or characteristics, are necessary to make your business saleable and valuable? These features (Value Drivers) either reduce the risk associated with owning the business or enhance the prospects that the business will grow significantly in the future. 找出它们是什么.
4. Sale to a Third-Party for Top Dollar – If your goal is to sell to a third-party, learn how to do so for top dollar.
5. Transfer to Management or Family Members – A sale to insiders does not end with the closing. Only when your price is paid in full does the transfer end. Learn how to orchestrate a successful sale to insiders who often lack sufficient cash.
6. Developing a Contingency Plan for the Business – Business continuity is much more than making sure there is a new owner. If you die or become disabled before your exit is complete, the dream of 金融安全 for you and your family might be unattainable. Learn how Business Continuity works whether or not you 有 a Co-owner
7. 财富保值计划 – The sale of a business generates cash for you, your family and the IRS. Learn how to minimize what percentage of the proceeds you eventually “share” with the IRS.

We would like for you to contact us to learn more about our current opportunities. 请与Andy Lowe联系 . Andy Lowe serves as the head of the Valuation, Litigation & Business Transition 服务 Group in LBMC’s 诺克斯维尔 office.