Why is it a good idea to start planning your exit now?
A business exit strategy makes your company more attractive to potential buyers. They’ll view it as a good investment because a well-planned exit is a roadmap for increasing business profitability.
Planning your exit doesn’t mean you’ll have to leave the business any time soon. Moreover, it won’t derail your plans to develop the business. In fact, it has the opposite effect.
Successful entrepreneurs often plan their exit from the start because it encourages a long-term, systematic approach to business growth.
There’s no reason why you can’t start creating an exit strategy right now. The sooner it’s in place, the better it is for the business as a whole.
Here are some of the benefits:
Many business owners leave exit planning too late. Before they know it, they’re staring down the barrel of retirement and are forced to exit the business on the buyer’s terms, rather than their own.
An exit plan gives you time to prepare, both financially and emotionally. You can go to market confident in the knowledge that the business is in the best possible shape. It will provide a lucrative income for the next stage in your life.
To find out more about an exit strategy which gives you control over the process while protecting your legacy, call 07815 134 432. Or, to book a free no-obligation introductory session, click the button below.
You’ll probably have a few questions so I’ve answered some of them below. If your question isn’t there, please feel free to call me on 07815 134 432. I’d be happy to answer it.
All kinds of business, both large and small. This includes not-for-profits such as charities.
Over the last 20 years, I’ve worked with start-ups and established businesses in a huge variety of sectors — from financial and legal services and to tech, manufacturing and creative industries.
Put simply, no matter the industry sector, I can help you.
Not at all. In fact, it’s an advantage because as an outsider, I can quickly see issues which may not be obvious to an industry expert.
When you’re close to a business, it’s difficult to view it objectively. It’s my job to offer a fresh perspective.
I don’t need to be an expert in your industry. In my experience, no matter the sector, the key issues nearly always revolve around people.
My services cover four key stages in business:
Transition coaching which helps you work through the feelings, concerns and choices you’re facing
Yes, I can deliver consultancy services online.
However, face-to-face consultancy generally works more effectively. When I’m there, seeing you in your working environment, it helps me get a proper feel for the business. It works both ways because we can build a proper relationship.
It’s up to you. Right from the start, we’ll discuss the timescale so that we’re both happy with how long the process will take.
I’m not the sort of business consultant who will stick around for the sake of it. Once the new strategy is bedded in, and everyone is happy with it, that’s my job done.
Always. Each business is different, as are the individuals within it. What works for one business will not necessarily work for another, so my services are bespoke.
Yes. If we’ve introduced new skills and processes, I’ll make sure everyone is fully trained and completely happy with implementing them. If there’s a change of role, I’ll help the individual make a smooth transition.
Training can include financial planning (for non-experts), communication skills, one-to-one performance coaching, leadership skills and several more that I don’t have space to mention.