Exit Planning for Business Owners

"Begin with the end in mind," says Stephen Covey in his book, The Seven Habits of Highly Effective People. Those who have created a successful business know it does not happen without planning, hard work, sacrifice, and a little luck. Yet most have no exit plan for leaving their business.

Business exit planning helps owners set and achieve their exit objectives. It enables owners to leave their companies when they want, to the successors they choose, and with the amount of cash they need, while minimizing the risk of loss and taxes.

• Do you find yourself thinking about getting out of your business?
• Are you wondering how to groom a successor?
• Is passing your company on to your children becoming unlikely?
• Are you tired of fighting the alligators and want a different challenge?
• Does the whole succession idea seem overwhelming?

If you can answer yes to any of these questions, it is time for you to create an Exit Plan. If you don't know how to get started, you are not alone. Few, if any, business owners know how to leave their businesses in style... and leaving in style means leaving your business to the successor you choose, for the price you want, at a time you pick. An Exit Plan makes all that possible.

Business Exit Planning Overview
Seven-Step Exit Planning Process
"Boomers" and the Comming Exit
The Recession and Exit Planning