Business Exit Planning
Essential Strategies for Entrepreneurs
Planning for the exit is one of the most important decisions you will make as an entrepreneur. Learn how to avoid costly missteps when selling your business.
Top Articles on Exit Planning
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- CEO Founders: A 10-Point Checklist for Selling Your Business
- 6 Things Business Owners Wish They Knew Before Selling
- Structure Your Estate Before Selling Your Business
- Business Exit Strategies for Female CEO Founders
- Changing Domicile: How To Change State Tax Situs
- Selling a Family Business: 3 Key Steps for a Successful Buyout
Exit Planning at Cresset
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In The News. In The News. In The News. In The News. In The News. In The News.
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- Family Business Magazine: "6 Things Family Business Owners Wish They Knew Before Selling"
- Next Avenue: "Creating a Succession Plan for Your Business"
- They Got Acquired: "How to prepare your personal finances before selling your company"
- Family Business magazine: "Dealing with conflicting emotions after selling your family business"
Getting Started with Business Exit Planning
Exit Strategy Definition
Importance Of Exit Strategy In Business
How Exit Planning
Advisors Can Help You
Frequently
Asked
Questions
When should I start exit planning?
Start exit planning as early as possible, ideally several years before you intend to sell your business. By beginning early, you’ll have ample time to assess your options, optimize your company’s value, and address any vulnerabilities or gaps. Early planning allows for a smoother transition, maximizes potential returns, and provides the flexibility to adapt strategies based on changing circumstances in the market or personal goals.
Do I need an exit planning advisor?
It is important to have an exit strategy in place before selling your business. Develop a comprehensive exit strategy tailored to your goals and assemble a team of trusted advisors. Streamline processes, understand what your company is worth, identify the motivation for the sale, strengthen key relationships, and ensure proper documentation of assets and liabilities to enhance your company’s attractiveness to potential buyers or successors.
How do I prepare my business for an exit?
It is important to have an exit strategy in place before selling your business. Develop a comprehensive exit strategy tailored to your goals and assemble a team of trusted advisors. Streamline processes, understand what your company is worth, identify the motivation for the sale, strengthen key relationships, and ensure proper documentation of assets and liabilities to enhance your company’s attractiveness to potential buyers or successors.
How do I know when it is the right time to sell my business?
Selling a business is never about finding the perfect moment. If you keep waiting for your company to become slightly more profitable or to grow a bit more, you may never take the leap. Instead, make the decision when it aligns with your goals. Consider more than just the financial gains from the sale, factor in your desired time frame for enjoying the rewards of your hard work and fulfilling your long-term objectives.