Business owners often ask, “How much is my business worth?” The question may be irrelevant and a much better question is: “What is the most I can get for my business under the most favorable terms and conditions?” Answering this question in a more practical manner requires following one of two approaches. The first is [...]

We’ve talked about some important steps in developing a successful business exit plan: Setting a tentative Departure Date so that Advisors can put all planning efforts in context;  assessing your post-retirement financial needs because meeting them is a key measure of your Exit Plan’s success; choosing a successor to give structure to your Exit Plan. Keep in mind, it is not [...]

 
What exactly is a Business Exit Plan and how do you create one that allows you to leave your business in style. There are an infinite variety of businesses and business owners. Each owner’s exact Exit Plan will vary, yet most all contain common elements. 
The following questions will serve as a framework to develop a Business Exit Plan. [...]