Guiding Principles

Posted on March 1, 2013 by in Blog, Planning, Strategy

If you are looking to gain a better understanding of the exit process, Divestopedia has many great articles related to exit planning.  I recently read one of these articles by Scott Yoder outlining the “5 Core Tenets of Exit Planning”.  The article lays a good foundation for some of the basic goals involved in the exit process.  According to Yoder, the five basic goals include:

  1. Aligning an owner’s personal, business, and individual long-term financial goals.
  2. Empowering an owner with an in depth knowledge of all their succession or exit options.
  3. Maximizing the fundamental or underlying value of the business.
  4. Eliminating, minimizing or deferring income and estate taxes.
  5. Maximize what the market is willing to pay for the business.

These goals help give you a rough idea of the steps involved in the exit process.  The whole process takes an average of 5-10+ years.  The sooner you start planning and preparing, the sooner you can get the maximum value for your business and secure stability for your future.  Forward Results can help you begin the process today.