Why You Need Exit Planning
When you own a business, it’s safe to say you’re an expert in what you do. Whether you are a successful dentist or a top-notch personal trainer, a skilled carpenter or trust-worthy electrician, YOU are the expert when it comes to the fundamentals of your field. There probably aren’t many people you would ask for advice, but perhaps a business consultant should be one of them.
A consultant is an expert in their field. They have a specific set of skills to assist an entrepreneur with the daunting tasks of starting, operating, and selling a small business. They have the necessary competence to offer a fresh take on your business. This expertise can lead to substantial savings, a more streamlined approach to tasks, or offer a perspective on new streams of revenue. This business
savvy can be an invaluable resource. Even more importantly, a consultant can help with exit planning services.
Exit planning can increase the value of your business so that an owner can sell and exit at a maximum price, on their own terms.
Your business most likely represents your life’s work. It is your passion, your motivation, the very livelihood that supports your family. Much like the way we nurture and think about the future of our children, we have to think about the future of a small business. If you ever wanted to sell the business, what would it be worth? Would you want to pass it on to a child or a partner? A spouse? These are
things that need to be determined ahead of time and exit planning services do just that.
Exit planning allows a consultant and an owner to plan for the future of the business on the owner’s terms. Life is unpredictable and having a plan and strategy can help an owner plan for life’s events. It helps an owner know exactly where they stand in terms of the business’s overall health, marketability, and value. Often, a consultant can determine where money can be saved (or made!) and how to position the business for a successful and profitable sale in the future if that is what the owner is
choosing to do. Exit planning is just good planning that helps ensure the business is on solid ground.
Contact John today and ask about how his services can help your small business. No matter if you are starting out or dreaming of retiring, expert advice is availa