How to Run Your Business, So you Can Leave It In Style: Preparing For a Profitable Exit
The Small Business Association has reported that:
- At any given time, 40% of businesses are facing an ownership transfer issue
- 71% of small and midsized enterprise owners plan to exit their businesses within the next 10 years, focusing on the growing importance of enhancing business value.
The Canadian Federation of Independent Business report that:
- 89% of business owners indicated that it was important to them to rely on the proceeds of selling their business as a way to fund their retirement.
There are many factors to consider in preparing to sell your business. The challenge is that there are no "Do-Overs." You have only once to get it right. In this workshop, Exit Strategy Experts will help you answer these questions:
- How will you make sure you have enough money to live the life you want after the sale of the business?
- Will my business sell for enough?
- How can I get my business to sell for more?
- I want to sell to a key employee or a family member. How can I make sure they are ready for the leadership role and where will they get the money?
- I want to sell to an outsider. How can I maximize the value and minimize the taxes?
- While I'm busy planning for my successful exit, what if tragedy suddenly strikes. What's plan B?
- I built it. I sold it. I turned it into cash. How can I best preserve the wealth I've created for myself and the people I care about?
Learn from experts in the field, the key factors to consider and resources to utilize in answering these questions. Your answers will be the foundation for the design of your unique exit strategy.
The Dynamic Performance Institute, LLC is a partner in the Exit Planning Alliance which delivers this workshop and these consulting services.
Exit Strategy and Succession Planning
When the owner of a company leaves the business, it can devastate the company...unless the exit is properly planned. Whether it is an outright sale to an outsider or passing the business to a relative, forethought can provide a better revenue outcome for both the exiting owner and the new owner(s).
The Dynamic Solutions Group uses the expertise of its 25 consultants and trainers to prepare and strengthen both the company and the leaders for this important transition.
Selling the Company
For purposes of improving the company for a sale, we do a business analysis, considering any or all of the following questions:
- What is the overall SWOT (strengths, weaknesses, opportunities and threats)?
- Is quality of the product or service where it should be?
- Is the company as efficient as it could be?
- Is the sales and marketing strategy and implementation performing at its peak potential?
- Is employee performance being managed well?
- How is employee morale and buy-in?
- What are the behavior economics in the organization?
If any weakness is discovered in a key area (based on the owner's goals), our experts work with the leadership to turn it into a strength and make the company more attractive for sale.
Passing to a Relative
Whether it is an outright sale or a progressive passing on of the business, DSG helps:
- Prepare the owner for his/her exit
- Prepare the leader to make the transition to owner
- Prepare the staff for the transition
An important aspect of this work is to analyze and work with the family relationship dynamics for family owned businesses, which can add a higher level of challenge to the transition.
Is an exit plan in your future? The optimum planning time is 3-5 years. Call to start your exit strategy to assure a secure future for you and your company.
President & CEO
Dynamic Performance Institute, LLC
7325 N. Oakley Ave., Suite #2
Chicago, Illinois 60645 USA
Voice: 773-262-8686
Toll free: 888-262-8686
Fax: 773-262-2224
janelle@dynamicperformance.com
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