Exit Strategies Tactics to max out your end game

News / Views / Insights / Commentary

Each day, EndGame Success considers dozens of breaking hard- and soft-news stories, selecting only the most important and reliable for inclusion. Watch for illuminating comments by our curators.

Post U.S. Tax Reform, What Corporate Structure is Right for You?

Given a range of changes made to the Internal Revenue Code by the Tax Cuts and Jobs Act of 2017—which we’ll call the “Tax Act” for short—many privately held businesses are reconsidering their current corporate structure.

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

This is the first of several post-tax reform articles we plan to offer. EGS is ready to help you figure out which method is best, beginning with a courtesy consultation.

Be Bought, Not Sold —  Choosing the Correct Exit Strategy 

Choosing the best exit strategy for a company is a daunting task. The goal for business owners is to maximize the value of the enterprise for themselves, their employees and their stockholders.

Sourced through Scoop.it from: medium.com

Be bought, not sold is actionable advice. Quick read, then give EGS a call to lubricate your exit wheels.

Why have a business exit strategy - AU BizBuySell

All good things must come to an end. If you own your own business, the end can only come in three ways: selling your business, giving it away or closing up shop. And the best way to ensure the decision is yours to make is to have a plan – a business exit strategy. 

Sourced through Scoop.it from: www.aubizbuysell.com.au

This short, good article proves that U.S. and Australian businesses have a lot in common. Good insight, and we can customize it for you at EGS.

Opinion: Charities and Their Founders Need More Exit Ramps

The nonprofit world would be stronger if we offered new incentives and approaches that encourage mergers, alliances, and other ways to prompt efficiencies (and exit strategies).

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

Interesting article argues for non-profits to think more like for-profits when it comes to exit strategies. At EGS, we can help.

Warren Buffett Wants You -- If Your Business Meets These Six Tests 

Berkshire Hathaway just reported that it holds a whopping $116 billion in cash, making up almost a quarter of the company's market capitalization. Buffett isn't happy about it, and as he said in his letter to shareholders, he'll feel a lot better once he's put that cash to work. In fact, Buffett laid out exactly what acquisition criteria he's looking for in a prospective purchase, and if your business meets the following six tests, then the Oracle of Omaha wants to hear from you.

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

Here's a 6-step exit strategy-in-reverse from a really strong potential buyer (of your business), EGS is your go-to consultancy to master all 6 steps, thus achieving an exit strategy.

A One Year Exit Strategy Plan

Below we offer a template of a 12-month plan that most business owners could employ should they want to sell their business within a 9 month – 15 month window. This is offered to highlight some of the more important aspects of where you should place your focus.

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

EGS advocates a much longer planning cycle for an exit strategy, but we realize that reality sometimes conspires againt us. Take a look at this one year checklist. Then contact EGS to bring these broad strokes to reality for your operation.

The Business Owner’s Checklist Includes Exit Strategy

Regardless of when you eventually exit, it’s important to plan ahead so it can be done smoothly, with as little financial impact to the business as possible. Start thinking about succession management sooner rather than later – it’s a good opportunity to evaluate your business and identify its future leader.

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

Take notes because they guys understand the future. They recommend planning ahead. EGS is your plan-ahead ally, and it starts with a courtesy consultation.

Do you have a succession plan in place? London : Reddy Siddiqui

A succession plan, or any form of exit strategy will require careful planning. Besides the legal complexities, steps must be taken to ensure that you minimise the tax liabilities and maximise your financial gains.

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

I found this content in Great Britain, and liked it immediately. These folks are tuned in to help London companies while EGS is ready to help across North America.

Planning your exit from your business - key facts | Business Law Donut

Poor planning, poor result

If you simply close the doors of your business you will get nothing for the value of your goodwill; indeed you may end up having to pay off outstanding liabilities eg under a lease. It can be better to sell or transfer the business; your business is likely to be worth something to someone else. You should be aiming to make that value as high as possible.

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

Lawyer's perspective here, in a short article. Poor planning, poor result is certainly true. EGS is about proactive planning and gets you started with a courtesy consultation.

Entrepreneurs | UBS Investor Watch Says 41% Want to Cash Out in Next 5 Years

Today, nearly 60% of wealthy investors would consider starting a business of their own. At the same time, more than 40% of current business owners are preparing to exit. In this issue of UBS Investor Watch, “Who’s the boss?”we examine these two trends. Together, they will undoubtedly impact the face of business—and the wealth it creates—for years to come.

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

UBS report also says too few owners are ready for an exit. EGS is ready to help you get there.

2017 Recorded Strong Venture Capital Exit Activity Across North America and Europe

Another strong year of exit activity was seen across the venture capital (VC) industry in 2017 with $67 billion exited across 1,265 deals, according to the 2017 PitchBook VC Liquidity Report.

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

Exits for venture capitalists are NOT the same for the SMB. However, motivations are similar. Here's an interesting report that showcases the thinking of venture specialists who are in it to exit wealthy... quickly. EGS can help get similar results at your personal speed limit.

Get the Right Candidate When Developing An Exit Strategy Business Plan

If you are a business owner who is considering retiring or leaving your business, you’ll want to start to think about business exit strategy planning. Often one of the first steps... is looking for a suitable individual to recruit as their successor or replacement. But what is the best way of searching for, identifying, and recruiting the perfect person for you and your business?

Sourced through Scoop.it from: insights.executiveheadhunters.co.uk

Here's a British headhunter's view of how to find... me and EGS. Good insight here, and EGS stand ready to take the reins and get the job started all the way to the finish.

Why Engineering Business Owners Need Time to Plan a Business Exit Strategy

A business exit strategy is vital for anyone looking to cease involvement with their company. Here's why you need to take your time and develop a solid plan.

Sourced through Scoop.it from: insights.executiveheadhunters.co.uk

Often overlooked in exit planning is this:

A major factor that business owners need to consider when looking to exit their business is the effect that their exit will have on existing employees.This includes not only the direct consequences of your exit, but also the possible morale issues it may cause.

EGS overlooks nothing. Call to get started now.

How to Create a Business Exit Strategy and Avoid Costly Mistakes

If you’re thinking about selling your business, it’s important to have a clear and well-thought-out plan. The outcome of your sale is directly influenced by your intentions for selling.

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

The top insight at this San Francisco exit firm is this:

Planning Ahead of Time Is More Likely
to Yield a Higher Sale Price

EGS is ready to kick-off your planning, beginning with a courtesy consultation.

Follow these strategic steps in planning your company’s exit | Barnea

The most serious mistake many business owners make is waiting too long to plan the exit. The most successful exit occurs during periods of extraordinary growth for the company, where you can show value to VCs and private equity funds.

Sourced through Scoop.it from: www.barlaw.co.il

This is a first. And Israeli lawfirm suggest strategic steps for planning your exit strategy. We concur, noting there's a lot more to it. We offer a courtesy initial consultation at EGS.

5 Helpful Retirement Planning Tips for the Self-Employed Entrepreneur

As an entrepreneur, business owner, or self-employed professional, retirement might not be something you spend a lot of time thinking about. Between keeping your business up and running and making enough money to pay your monthly expenses, retirement is your last concern. Should it, perhaps, be a bigger priority?

Sourced through Scoop.it from: www.business-opportunities.biz

"Retirement" in this simple article is a synonym for exit strategy. Directed at self-employed folks, the advice is pretty good. You can take it all the way to great by contacting EGS. We begin with a courtesy consultation.

Exit Strategies of the Rich and Famous

Estate conservation is too important to put off. Do you have a smart exit strategy?

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

Now for some fun that lasts just over a minute. You are not famous? Call EGS anyway to get moving on your exit strategy.

How to Sell a Business: Why Entrepreneurs Need to Have an Exit Strategy

For most entrepreneurs, the thrill of the beginning is addicting. The idea of taking an idea, something so small and abstract, and then turning it into a full-fledged and functioning business is invigorating. Sometimes this feeling can be so exciting, though, that it causes entrepreneurs to lose sight of the end of the road.

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

EGS takes pleasure in discovering our core beliefs embedded in the thinking of new groups. Here's a case in point, and it's a quick read. Will it prompt you to pick up the phone and call EGS for a courtesy consultation?

Preparing your small business exit strategy

The key to successfully selling your business is to devise an exit strategy... to help you decide how much money you can make from a profitable business or how much of your initial investment you can retain from a struggling business.

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

Solid insight. Worth a quick read. And a free consultation at EGS.

The Importance of Exit Planning for Small Business

It’s estimated that 75 percent of business owners regret selling their businesses within the first year.

Sourced through Scoop.it from: northbaybiz.com

The writer of this article is my mental doppelganger. He's on the West Coast and I'm on the East Coast. Absorb his sage insight, then give him or me a call to get your exit planning ball rolling.

Accounting Management Solutions – Five Tips for Creating Your Family Business Succession Plan

Family businesses are the backbone of the American economy,  accounting for 50 percent of the US gross domestic product. They are also responsible for 60 percent of the nation’s employment and 78 percent of new jobs created. With so much at stake, it is troubling to read the results of a CNBC Poll that found that only 20 percent of family-owned business owners had any succession plan in place to ensure a smooth management transition.

Sourced through Scoop.it from: amsolutions.net

Keen insight here. What's Next for your family business? Contact EGS for a custom evaluation beginning with a courtesy consultation.

11 Steps Every Entrepreneur Should Consider When Preparing for an Exit

These actions will help you avoid leaving money on the table when selling your business.

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

Worth repeating for the new year. Here's a fresh spin on exit decision making for entrepreneurs and small business owners. If any of this resonates with you, contact EGS to move the ball forward.

The sweet taste of succession planning | Virginia Business 

Planning the next steps for your company helps ensure stability for your brand and its stakeholders and can also provide a source of income for your family. By outlining next steps through succession planning, you can stay ahead of the competition and maintain the legacy of your family business.

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

Written with the wine industry in mind, this succession planning argument rings true and provides incentive to get your exit plan up to snuff. Vintage stuff? You be the judge. Or contact EGS to get it right. We'll toast together for 2018.

Why Must Business Co-Owners Collaborate on Exit Plans

Business co-owners cannot successfully exit if their goals are incompatible. Goal compatibility can only be achieved with co-owner alignment.

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

Navix Consultants in Atlanta offers keen exit insights for companies that have co-owners. Good content here, but contact EGS for a courtesy consultation to get the ball rolling. We've helped many co-owned firms.

Killer Company Exits Illustrates the Big Leagues

To help you see how others (the 1%) have succeeded in successfully exiting their companies, we have gathered some of the most successful (and interesting) company exits of 2017. Enjoy.

Sourced through Scoop.it from: www.slideshare.net

Here's a slide show portraying exits for some of the globe's largest companies. Interesting reading over the holiday break. Contact EGS early next year to get your exit in harness.

The Five Years’ Fallacy: Exit Planning Facts vs Fiction

Much of the conventional wisdom suggests you should start serious planning no earlier than five years before you are ready to exit. This misperception is so common; we call it the Five Years’ Fallacy.

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

Initially, the title of this article was contra-intuitive. But a quick read makes it the opposite: Five Years is too little time for most businesses. EGS teaches Begin with the end In Mind.  Happy holidays to all.

How to Sell a Business: Why Entrepreneurs Need to Have an Exit Strategy

For most entrepreneurs, the thrill of the beginning is addicting. TSometimes this feeling can be so exciting, though, that it causes entrepreneurs to lose sight of the end of the road. It might not seem like it now, but there will come a time when you will want to exit your business and move onto something else.

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

"A Business Worth Selling is a Business Worth Owning" is just one of many good pieces of insight in this interesting article.

Exit Strategies for Investors of Startup Businesses

Of all parts of the investment process, the exit strategy is undeniably the favorite of angel investors and entrepreneurs. The exit strategy is when a venture capitalist or entrepreneur intends to cash in on an investment.

Sourced through Scoop.it from: posteezy.com

Two purposes for this story. First, it's good input for investors in startups. Second, it introduces you to Posteezy.com. The name says it all if you've got something to say via the Internet.

Exit Strategies for Your Business

Today and for the next ten years it is estimated that there will be more money devoted to acquiring small mid-market businesses than ever before in history. Privately held business owners with planned exit strategies are going to be the primary benefactors of this activity.

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

This brief article is a good pitch for small business owners to secure the services of an exit strategy expert. That would be EGS. Does a courtesy consultation appeal to you?

Make your business worth top dollar – Business Finders Canada

If your business can’t run without you, you’re not in the best position to sell. When your business runs flawlessly without your involvement, its value increases and you’ll have an easier time finding a buyer.

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

Short article from Canadian group amplifies a key message that is central to the EGS playbook. Take a minute to digest, then contact EGS to begin the process.

Startup Exit Strategies — Deciding on a Successor  

The crux? Happiness matters.

Without purpose there is no happiness. Without happiness there can be no sustainable wealth creation.

Purpose, not profit, is the recipe for success in the age of the millenial.

Sourced through Scoop.it from: medium.com

I found this short article rather charming even though the examples are based on really big companies. If you agree, call EGS for a courtesy strategy consulation.

Business succession: do you have an exit strategy?

Preparing for business exit is good practice and can help you to achieve your future business goals.

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

Once again, our overseas colleagues lay it out correctly. This article ends with an invitation to consult. We agree, but consult on this side of the Atlantic with EGS. No initial cost.

Exit Plan: How a succession plan can save your business (and protect your family)

At some point, you may want to pass the business on to your children, or to someone else in the company. You may want to sell your share to your business partner. Or you may want to sell the business to another person or company, and retire on the proceeds. Ideally, you will choose the timing and method of your exit from the business. However, the way life unfolds sometimes, business owners do not always have a choice in what happens, or when.

Sourced through Scoop.it from: www.ascentwa.com.au

Good advice and insight. Your best Next Step is to contact EGS for a powerful and free consultation.

Best Time to Start on a Succession Plan? The Day You Start Your Business - Annapolis Estate Planning

It may sound whimsical, but the moment you open a business is also the time to start thinking about how you’ll exit the business, whether you intend to sell to a partner, leave the entire business to a family member or sell as soon as you come up with the next big idea.

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

We like the advice from this legal group in Annapolis. EGS specializes in exit strategies built to maximize company value.

Realtors (and Consultants): Lay Groundwork for Your Exit Strategy

Most real estate professionals fail to have an exit strategy in their business, but that also means they may miss out on creating a valuable income stream for themselves in retirement.

Sourced through Scoop.it from: realtormag.realtor.org

Here's some good exit advice for consultants who, like realtors, build a strong solo business. EGS understands and is ready to bootstrap your custom plan.

Want an exit strategy from your business?

Insights into preparing and implementing an exit strategy to leave your business.

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

If this Toronto firm was U.S.-based, I'd be guilty of plugging a competitor. No worries. This group gets it and you should read it. Then call EGS for a courtesy confidential consulation.

The importance of an exit strategy | small business | lynda.com

Small business owners: Don't let retirement and leaving your small business catch you off-guard! Learn some practical tips on developing an exit strategy.

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

LinkedIn's Lynda service includes excellent training and motivation tools. Here's one that's directly on-point for the EGS mission: The Importance of an Exit Strategy. About 15 minutes. Enjoy!

Exit Strategies for Startups | Lexology

“What is your exit strategy?” This is one of the most common questions that startups or early stage companies are asked, but many entrepreneurs have not given this much thought.

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

Nicely written short article emphasizes "beginning with the end in mind" as a strategy. And this is how we roll at EGS.

How U.K. small business owners can plan their exit to attract a buyer | Growing Business

Your plan should cover the whole exit process, including:

  • Identifying the most likely type of buyer that will give you the best price
  • Positioning the business to get you the best valuation and ensuring that you are ready for the due diligence process
  • Demonstrating a growth strategy and having the right team in place.

Sourced through Scoop.it from: startups.co.uk

Here's a checklist article from the U.K. Good stuff, and EGS is ready to help customize to your business.

What Investors are REALLY Asking When They Ask About Your Exit Strategy - QuestFusion

Articulate that you want to grow your business, that you are committed for the long term, that you are flexible, and that you will work with your investors to do what is right and drives the best return on investment.

Sourced through Scoop.it from: questfusion.com

This article slams home our advice to "begin with the end in mind." And it adds several good reasons worth your attention. Not a startup? EGS will bootstrap quickly for you.

A One Year Exit Strategy Plan - Quiet Light Brokerage

Planning matters. Even if you have no intention of selling your website, positioning it correctly in the event that you one day need to sell can result in a significant difference in your overall value.

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

Interesting case study here, followed by well-structured guidance. A story worth repeating. This article is aimed at procrastinaors. EGS is ready to help you catch up!

Top 7 exit strategies for your business - AU BizBuySell

While the number of bankruptcies across Australian businesses has dropped since mid 2014, there are still around 500 companies a month going under, according to the Australian Securities and Investments Commission.

Sourced through Scoop.it from: www.aubizbuysell.com.au

Very short article from Australia offers worthwhile reminders to stave off "going under." The key is planning first, execution next. Both of these are core capabilities at EGS.

Planning a successful start-up means planning a business exit strategy (Australia)

What you need to realise is that a good business plan is a long-term plan, with both a start and a finish. By planning your business exit strategy before you begin, your journey will be more rewarding, and your business better equipped to deal with future challenges.

Sourced through Scoop.it from: www.pretiumsolutions.com.au

"Begin with the end in mind" is solid advice from this Australian consulting firm. I enjoyed the content here and recommend it. EGS is ready to begin helping your firm with a free initial consultation.

Business Exit Plan & Succession Planning Strategy Australia

We all end up moving on from our business at some point. Exit and succession planning is about maintaining control over how and when you leave and on what terms.

Sourced through Scoop.it from: successionplus.com.au

There's a lot to digest in this rambling article from down under. And we like all of it. Clear thinking about succession planning. Lots of the insights are part and parcel in the EGS toolkit available beginning with a courtesy consultation.

What’s your exit strategy? From Tony Robbins’ Business Mastery

Do you run your business like you could sell it? Or are you on a course to crash and burn?

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

I like this short video from powerhouse motivator Tony Robbins. So I'm sharing it as a kick in the pants if it applies to you. EGS is ready to build and implement your clear exit strategy beginning with a courtesy consultation.

Impact of Tax When Selling a Business - Google Partner Team-The Trusted Google Experts

The tax implications happen at two levels. The first level is the tax consequences preparing the business for sale. The second level is the impact on taxes when the business moves from the current owner to the buyer.

Sourced through Scoop.it from: googlepartnerteam.com

Tax implications usually come near the end of all other exit strategy thinking. But tax should be up front. You need expert help and you can get it at EGS beginning with a no-cost consultation.

Aging small-business owners unprepared for retirement: survey

The majority of [Canadian] small-business owners don't have a detailed retirement plan in place despite little interest in expanding their business, according to recent study conducted on behalf of Toronto-based Canadian Imperial Bank of Commerce. In fact, 78% of aging business owners haven't prepared any sort of formal plan to prepare for an upcoming retirement or in the event of an unexpected emergency, the report says.

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

What happens in Canada doesn't stay there. This Toronto bank-sponsored report is quite accurate for small U.S. businesses, as well. EGS stands ready to help, beginning with a complementary consultation.

How to Sell Your Business - Transition360 Business Development & Broker

One size does not fit all…
Every company is different, so as a result various phases are used depending on the need to optimize the value and the transition of a business from the owner to the buyer with little or no stress.

Sourced through Scoop.it from: www.transition360.com

Here's a quick but clean view into the selling process from a Seattle agency. We're particularly fond of the short section on Exit Planning. It's some of what we do best at EGS.

Biz Tips: Planning a Successful Exit from Your Business

Bob Gellman details how business owners can grow and protect the value of their business, transition that value into personal wealth and then grow and protect that wealth for this and future generations.

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

Strong video insight and advice from a celebrated consultant. Take 6 minutes to watch, then call me (Alan Mischler) or Bob to gear up for a successful exit.

The four essential questions CEOs must ask before hiring a part time CFO

Prior to onboarding a part-time CFO, companies can prepare all tasks that less experienced personnel would be able to handle. For example, migrating the company’s financials to an accounting system. This will free the part-time CFO up to immediately dig in and spend their time on high-impact initiatives, such as building out the internal finance team, connecting with investors, analyzing bolt-on acquisition opportunities, and developing exit strategies.

Sourced through Scoop.it from: thenextweb.com

Good insight and advice in this article. At EGS, our Lease a CFO program is ready to tackle your specific situation.