Exit Planning Timeline: Does it Really Take 5 Years?
Does exit planning really take 5 years? Writing the exit plan itself only takes a few months, but enabling business owners to get their desired exit takes a lot more time.
Does exit planning really take 5 years? Writing the exit plan itself only takes a few months, but enabling business owners to get their desired exit takes a lot more time.
A business’s primary aim is to create value for customers and shareholders, yet most business owners struggle with underlying issues that block those efforts.
Developing an exit plan is vital to protect business value and avoid a worst-case scenario. An exit plan helps to build and protect the business value and control when and how you exit.
Every business leader knows the absence of value creation initiatives reduces business value. So, why do value creation initiatives fail?
Value Scout’s exit planning process, tools, and platform ensure that your exit plan is accurate, you create value quickly, and your exit is smooth, timely, and successful.
A properly structured exit plan is multi-layered and may daunting for second-generation business owners. Let’s simplify the process.
As an owner of a professional service company, you have built your business and its services. Now it’s time to build value and understand the various exit options available to you.
A buy-sell agreement between business partners clearly stipulates how a significant event like death, disability, divorce, incompetency, bankruptcy, or departure of a partner will impact control and management of the business.
When setting up a business, entrepreneurs plan everything down to the smallest detail. However, too little attention is paid to a company’s exit planning.