4. Provides sophisticated advice and solutions to meet or exceed your objectives.Exit Planning puts you in control of your business and your destiny!
5. Common Traits of Business Owners Take this quick test: Is your business your largest asset? Does day-to-day management take up all your energy leaving you no time to focus on long term strategies? Do you feel that your business has not reached its full potential? Do you feel like you are on a financial or managerial treadmill? Are you missing an Exit Strategy? If you answered “Yes” to any of these questions, you may benefit from Exit Planning!
6. Exit Planning Can Help Evaluate your business & personal resources. Maximize and protect your business value. Assess your business ownership transfer options. Plan for business continuity and contingencies. Increase your personal wealth and reduce taxes.
14. Third party Prepare the company for transfer. Minimize taxes upon transfer. Disposition of real estate after transfer. Timing and cash expectations. Relationship to other financial objectives.
29. Meet Tom: Exit Plan Pros Case Study 45 years old with a successful control systems integration company for the past 20 years. Business required most of profits to be re-invested back into the company. No other major assets outside the business . Tom also had no: Strategic business plan Exit plan Tax plan Estate plan .
30. Tom’s Company At the time of the assignment, the company had: Revenue of $2,800,000 EBITDA of $500,000 Baseline value estimated at $2.0MM No major assets outside the business. Tom before his Exit Plan
43. Closing Comments More than 90% of business owners do not have an exit plan. Most business owners do not know what an exit plan is. An exit plan is an excellent way to gain control of your business and your future. It is never too early to begin planning your exit. Please contact Gary T. Brooks at gtbrooks@exitplanpros.com Or visit www.ExitPlanPros.com/blog for more information