Exit strategy: five options which could work for your business

For business owners devising an exit strategy, there are a number of options, public or private. Here are five scenarios

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Quick and punchy options. But EGS offers way more than 5 options. Learn more now.

Next Generation: How Family-Run Wood Flooring Companies Succeed Across Generations – Wood Floor Business Magazine

Case Studies: How wood flooring companies have survived and transitioned to new generations running the business.

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EGS does not often recommend long-form articles. Here’s an exception worth the reading time, especially if you are part of a family-run business seeking a succession strategy.

Has your business got a succession plan?

You won’t often hear a financial planning business owner complaining that they have too little to do. Between advising clients, keeping up with regulatory requirements, and running a business day to day, there aren’t many hours left in a week.

Long term tasks, such as succession planning, can easily drop to the bottom of the to-do list.

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This check list article covers the basics. When you contact EGS for an initial free consultation, we’ll customize for you.

The HR View: Succession Planning in Small Organizations

Aside from exit strategies, succession planning should take into account both the short-term and long-term stability and sustainability of a company’s human resources, as well as the individual development of its employees.

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The HR perspective is human resource-based. At EGS, our perspective is much broader. Learn more.

Entrepreneurs! It’s Never Too Early to Plan Your Exit Strategy

At the start of your business, you have the opportunity to look ahead and consider how you will exit your business?The questions your exit strategy needs to answer are: How will I receive the value of my blood, sweat and tears as well as retrieve my financial equity in this business?

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Ready for some South African insight? It only takes 2 minutes to read this advice. EGS is in tune with its precepts, and we’re standing by for your call.

Why Every Small Business Owner Needs to Start Their Succession Planning Now

As business owners approach retirement age, it’s never too soon to outline a succession plan. But retirement is far from the only force pushing proprietors out of ownership. Unexpected life events can happen at any age, and a succession plan ensures the right people inherit the business, operations continue to run smoothly and owners are able to exit under fair circumstances.

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New twist on advice that EGS pushes regularly. Enjoy this brief piece then call EGS for a custom courtesy consultation.

A Strategic Plan Should Also Include a Succession Plan

Developing a succession plan should be a part of your strategic plan. Successful succession is one of the most important goals for any business.

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Sage advice. EGS won’t let you fail to plan. Call now.

Exit Strategies – What Women Business Owners Should Do About the Retirement Crisis1

…women are less retirement-ready than their male counterparts due to lower lifetime earnings, breaks from the workforce and longer life expectancies. Women business owners have additional challenges with exit strategies and succession planning.

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EGS has a sharp eye and capable brain for women-centered exit strategy issues. Contact us for a courtesy consultation.

Succession Planning for Financial Advisory Practices

As a financial advisor who acts as a fiduciary, it is vital to have a plan in place. This may already be taken care of internally if you are an employee, partner or owner in a larger firm. But in a smaller firm, or one where you are the only advisor, it may present more of a challenge. The reality is, no matter what size your firm is, it is important to have a plan in place.

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Whaddya know. An exit strategy for people like me. As an exit strategy maven, you gotta know I have one for EGS. Go ahead, ask me to prove it.