ATTENTION BUSINESS OWNERS:
Do You Have An Exit Strategy?
Would You Like To Sell Your Business One Day?
How Much Is Your Business Worth and …
Will Someone Buy It?
For Business Owners who want to maximise the sale value of their
business, retire with more cash in the bank… and enjoy more
lifestyle choices… the time to act is now!
Business Transition Planning
Family Business Planning
Family business transition planning is a very important part of running a family business. Most people want to continue working in their business for as long as they can, but of course nobody can stay at the helm forever. Advancing age, health problems, or other concerns can all be signs that it’s time to pass the torch. This is why transition planning is so important. We can never be certain what fate may have in store for us, so the best we can do is prepare in advance with sensible planning. The most important part of a transition plan is to ensure that whoever is in line for succession is actually ready for the responsibility. Whoever that may be should have as much opportunity to develop the appropriate education, skills, and experience required to successfully run the business.
Family Transitions Plans
It sometimes can happen that the most competent person to take over is not necessarily a family member. Time and again it has been observed that a successful business can be run into the ground when the reins are handed over to a family member who is not capable. The question you’ll need to ask yourself in such a situation is whether the pride of having full executive control out-weighs the risk of the business folding due to incompetent management. If you are not totally sure that the person chosen to take over from you is truly going to be able to run the business competently, you may have to make the tough decision to grant them a financial interest only, while handing executive control to somebody more skilled in running a business. When you do decide to do things that way, it is important to also give the person you appoint to run the business a financial interest in it too, so you can be certain of their loyalty and commitment.
Transition Planning in Melbourne
For help with transition planning in Melbourne, consult The Exit Strategy Group. This company is the foremost expert on transition planning in Australia, with a long record of success in helping many businesses all around the country. The most difficult thing you’ll face as a business owner is the decision to leave the business. For most business owners, the business becomes very personal to them. Watching it fail from afar and not being able to do anything to save it would be a devastating experience. With the right help, you can feel much more confident about the future of your business as you transition out. Plan ahead and the business you have worked so hard to build will have a much better chance of surviving. Just as important is what you will do and how you will handle your life after your transition. Set up your appointment with The Exit Strategy Group today and get the advice you need to develop an effective transition plan.
The Exit Strategy Group can assist in working out how to calculate what your business is worth, how to value your business, business succession planning, how to sell a small business and transition planning.
In this breakthrough book, you will discover there’s more to a profitable
exit strategy than just selling your business…with answer to these and
many more myths believed by countless business owners :
Myth #1: I don’t need an exit strategy until I’m ready to sell my business
Myth #2: I can’t afford to dedicate the time involved with exit planning
Myth #3: The wealth of my business is defined by how much I earn
Myth #4: If I have a growth strategy, why do I need an exit strategy?
Kerry Boulton, CEO and Founder of The Exit Strategy Group and NEXUS Business
Coaching, is Australia’s most respected exit strategy advisor. With over 20 years in
business as an entrepreneur, transformative coach and consultant, sought-after
speaker and talented facilitator, Kerry wrote The Uncensored TRUTH About Exit
Strategies to help as many business owners as she can to monetise the wealth that’s lying in their businesses.
The Uncensored TRUTH About Exit Strategies details how to build a strong and
successful exit plan, which is an absolute must if you want to get full value from
any sale. Kerry exposes and debunks many myths and gives you practical advice. She
walks you through what most people don’t know – or refuse to believe – about the
process of planning their exit.
Kerry believes exit planning is a process, not a destination. She helps you overcome
challenges you’re likely to face as a business owner and most important, the steps to
ensure you find financial freedom and do not become just another statistic.
The Cold Hard Facts You NEED to Know If You Want To Sell Your Business Someday
81% of Australian business owners plan to retire in the next 10 years
53% of them have no exit strategy
22% will shut shop*
How To Increase The Value of Your Business By Up To 71%* In Just 24 Months …and Have the Biggest Pay Day of Your Life
*Based on actual client results to date
Are you ready for the huge wave of business sales looming on the horizon and a lot of potential competition? Buyers will be picking and choosing only the best. Email info@TheExitStrategyGroup.com.au and ask for your FREE Value Builder Report.
AND…when you order your FREE copy of my book, The Uncensored Truth About Exit Strategies” you’ll find out …
…there’s a lot more to your Exit Strategy
than a succession plan or just selling your business…
You’ve worked hard for years building your business. You know how much value you’ve created and it’s worth plenty to someone who can take it to the next level.
The question is – how do you even start thinking about your exit plan when you aren’t anywhere near ready to exit or sell your business?
The gap between the idea of selling – or creating any sort of succession plan – and actually getting the deal on the table on your terms and at the time you want – can be very wide and very deep.
The fact is…only 20% of business owners who say they plan to sell their business ever make it their ultimate pay day.
That’s a very sobering statistic. Will you be in the 20% who do?
Many business owners simply don’t know what they need to know to prepare for succession, transition of ownership and exit. Exit strategies are not just about making money, Business owners often have other goals such as establishing a legacy, ensuring the business remains in their family, or continuing to have a say in what happens in the business.
…No matter what exit strategy you choose – you can guarantee your best outcome by simply this: PLANNING IN ADVANCE. There are immediate benefits to getting started preparing your exit strategy. You don’t have to wait for the exit date before claiming more of your wealth!
Exit strategies are something every investor looks for… The questions are the same – no matter what the size of the business. How am I going to get my money out?And how much are you going to get as the owner?
Having an exit strategy worked out in advance helps ensure you like the answers to those questions and gives you some control over your business’s future.