Your Business Exit Strategy-Sink or Swim? 

 The biggest reason why businesses fail to establish a system to assume a smooth exit from their business? Lack of planning! With proper planning, you can create a successful and effective strategic plan. Here are key steps which will guide you on a path of a successful exit.

Sourced through Scoop.it from: www.citrincooperman.com

Another checklist from a respected large accounting firm serving the Northeast U.S. The key point is planning, EGS’ speciality. We’ve got a courtesy consultation available to help you get started.

Passing your business on to your family FAQs | Business Law Donut

1. How far in advance should I start planning to pass the business on?

Most people find that it takes at least a couple of years to prepare. Although it is possible to pass a business on at short notice, it can take several years to handle activities such as training your successor effectively. The sooner you can discuss your plans with your advisers, the better.

Sourced through Scoop.it from: www.lawdonut.co.uk

Here are 18 FAQ’s that will enlighten any firm contemplating a family succession exit plan. EGS has many more A’s for your Q’s.

Using an Employee Stock Ownership Plan to Exit Your Business

According to the National Center for Employee Ownership, as of March 2017 there were 6,717 ESOPs in the United States, holding total assets of more than $1.3 trillion. These range from small private companies to large public companies, and just about every type of company in between. Depending on the size of your company, timeline and long-term business goals, this exit strategy could be a viable option. In deciding the best approach for your business, take these factors into consideration.

Sourced through Scoop.it from: www.53.com

Cinncinati’s Fifth Third Bank offers excellent insight into ESOPs. EGS offers quick, clear guidance to develop this exit strategy.

Exit Strategies for a Family Business

A business exit must be custom fitted to your financial situation and your desires for management succession. The following are some possible strategies that you may want to consider — with the help of your professional advisors.

Sourced through Scoop.it from: www.lionbank.com

You can tell this brief article was written by someone who has been around the block several times. Family exit strategies can be an emotional minefield. EGS knows how to defuse the mines.

This tech startup raises funding without ever planning to exit (but investors are guaranteed 5X when they exit)

Sharetribe, the Finnish software provider, just launched an unusual equity crowdfunding campaign and smashed their minimum target of €500k within the first 48 hours. Although the firm positions itself for the long haul, “Investors will still get their exit, though: we commit to buying back their shares for a price five times greater than the purchase price.”

Sourced through Scoop.it from: www.globalbankingandfinance.com

New business models pop up all the time time, then disappear without a wimper. Here’s one that has staying power, EGS thinks. Exits as a tactic? Yep.

Planning for Exit: Making Sure Your Business Is Fit for Sale –

Planning for the future doesn’t come naturally for most, especially when it comes to business. That’s why one Cwmbran accountancy firm is urging business owners to plan as early as possible when it comes to exiting their business.

Sourced through Scoop.it from: blog.greenandco.com

It’s like looking in the mirror. EGS does what these accountants preach. We’re ready to get your business fit for sale.

The Owner’s Emotional Journey: Lessons Before, During and After the Sale of a Business

Mature businesswoman by laptop in office

One of the most common regrets we hear from business owners is that they waited too long before planning their exit. Having a well-designed plan helps ensure that an exit is not made on other people’s terms — such as selling to the first suitor who comes in the door.

Sourced through Scoop.it from: www.ustrust.com

Lovely article with good insight into the consequences of not planning an exit strategy. If you see yourself here, contact EGS now to boostrap the correct methodologies.

Exit Strategies – Are They All the Same?

Also called a liquidity event, an exit strategy is an entrepreneur’s strategic plan to sell his or her ownership in a company to investors or another company or otherwise reduce his or her stake in the business. It is also commonly an investor’s way of seeing a return on investment (ROI) in a company.

Sourced through Scoop.it from: microventures.com

This is the second time for this article. Good insight. EGS will help you pick the right door for your specific situation.

Have an Escape Hatch: Exit Strategies for Unwinding Joint Ventures

By some estimates, between 40-70% of all joint ventures ultimately fail. The separate businesses can suffer setbacks, and personal relationships may be damaged if exit strategies and alternatives are not considered and agreed on at the outset. This is a summary of the most frequently used exit alternatives.

Sourced through Scoop.it from: morganus.com

Joint ventures are a special case. Here’s deep insight into the perils and pitfalls when two businesses launch a venture together. EGS is your go-to consultant to get it right.

8 Reasons to Think About Your Business Exit Before You Even Start

Believe it or not, it pays to think about your exit strategy before you start a business, just like buying a house. Is it an investment, do you want to flip it, or do you plan to live there forever? For entrepreneurs seeking investors like me, it’s especially critical, since investors want to see an exit event plan, like going public or acquisition, to get a return and their money out for that investment.

Sourced through Scoop.it from: www.inc.com

Here’s a checklist article with a lot to like. Short and very much too the point. No exit strategy? EGS will fix that, fast, starting with a courtesy custom consultation.