According to the Exit Planning Institute, 75% of business owners who sold their businesses profoundly regretted selling within a year. 98% of owners feel like succession and exit planning are important, yet 83% have no transition or exit plan. You've worked hard to build wealth and assets, but sustaining them over the long term requires strategic planning, whether transferring to a family successor or a third-party buyer. Get ahead of ownership and leadership changes. If you want the value of your business to remain intact for your successors, or achieve a higher selling price, begin the planning process sooner rather than later.
You will learn the following:
- The personal, business, and financial readiness, gaps to watch, and the tracks to maximize business value and your return.
- Why and how choice valuation methods and financing options impact succession and exit planning.
- Leading practices and strategies to implement to ensure your legacy isn't left up to chance.
This session will examine preparation, planning options, and transitional strategies, especially in highly owner-centralized companies. We will also touch on business continuity planning. It will also address your personal and emotional readiness and review actions you can take today for you and your business to become more transition ready.