Effectively planning an exitEvery business owner needs to have a plan that is written down, as well as the appropriate partners to help execute it. And every business needs to be managed like it's going to be sold tomorrow. As a business owner, you owe it to yourself, your family, and the employees who have made you and your business successful.
For owners who are over the age of 55, this is especially critical. Business owners need to begin the planning process several years before they exit the business or transition to a new role. They need to think about how they are going to maximize the enterprise value of their business and prepare it for their eventual exit or transition. It is a complex and emotional process that requires foresight and effective execution. We have put together a no obligation Exit Planning or Transition Readiness Assessment. This Assessment covers the main areas owners should be focused on and provides a business owner with significant insight on their readiness to execute the most important decision of their professional career. Exit Planning and Transition Readiness![]() SDG Associates’ Exit Planning and Transition Readiness Assessment is designed to provide small business owners with a clear view of the preparation requirements to exit their business or transition to a new role inside it. The assessment covers seven (7) critical areas of planning activities. The assessment provides a detailed preparedness report and identifies gaps that need to be covered in order to have a successful exit or transition.
Focus of the Assessment:
Length of the Assessment: One to three days depending on the complexity of the business. The Assessment Process: This assessment consists of five (5) steps that are done both on-site and offsite.
Expected Results: We will provide an Exit Planning and Transition Readiness report which will speak to the completeness of the owner’s plans and needs. It will also address the strengths and weakness of the business and its strategies. The report will identify gaps where the company’s plans aren’t in sync with the ability of the owners to exit or transition. The Report will include:
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Are you prepared?According to a recent survey of 200 North American small business owners conducted by the Business Enterprise Institute (BEI), eight revealing statistics show how woefully unprepared most small business owners are for a business transition or exit:
if you are thinking about transitioning or exiting your business within the next 3-5 years and could benefit from a personal strategy to help manage the process |