Without determining the owner’s goals, a business transition is bound to go awry. Therefore, a clear vision and mission are essential when planning your client’s exit. Over the years, the business world has witnessed numerous successful exits and some forced and unsuccessful ones. A forced sale happens when the owner is not ready but has […]
A “red flag” in business exit planning may help when promptly identified and rectified. Identifying these alerts in a timely manner may aid you in building your company’s value. Exit planning has the power to change your company’s dynamics. It helps build business value and prepare the company for its eventual transfer of ownership. However, […]
Here’s the truth: selling your business requires time and clarity. Many entrepreneurs of early-stage businesses are caught off guard by the lack of a defined exit plan because they’re focused on building a scalable, profitable business and not thinking about selling it or even planning their exit. A complete exit strategy covers all aspects of […]
“Selling a business successfully requires a great deal of planning, which owners often underestimate. Before pursuing a sale, it is important for business owners to not only have a view on the value of their business to potential buyers, but also an understanding of how that price applies to their personal needs post-transaction.” – Stewart […]
According to Divestopedia, “A valuation gap is the difference in the actual market value of a company and the value that the owner expects to sell it for to achieve his/her needs.” A value gap arises when a buyer bids less than the company’s estimated value or when the company’s current market value is less […]
Business owners often procrastinate planning their exit. However, exiting your business is inevitable, whether you walk through the door or leave it feet first. So, why hesitate to plan the unavoidable (your exit) and get your desired selling price? There’s a big difference between exiting by chance and exiting by a plan. Why leave money […]
A business owner needs an exit strategy to reduce or liquidate their stake in the company. A highly profitable business garners a higher sales price. However, a business that’s not doing so well needs an exit strategy to help the owners cash out profitably or minimize business losses. Influencing factors include industry, location, operational history, […]
As an IT company owner, you have built your company and its products or services. Now it’s time to build value and understand the various exit options available to you.
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.