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.

Got IP? Licensing is One of the Best Exit Strategies

Your IP signals investors that your startup has a greater chance of success. Research studies from MIT and WIPO confirm that startups with patents are more attractive to investors, tend to grow faster, have more revenue options, higher valuations and better exit opportunities.

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

If your firm has intellectual property assets -- patents, for example -- your best exit strategy may be licensing according to this article. EGS will help value and actualize your IP.

EXIT STRATEGY. A business white paper

Retirement will only be good for you as a business owner if you retire ‘to’ something new, rather than ‘from’ something old. Retirement from your business will be a happy, fulfilling, time only if you have first determined what you want to do with the rest of your life and what you still want to achieve. Then go for it!

Sourced through Scoop.it from: castnetcorp.blogspot.com

Here's a thoughtful blog-style review of exit thinking. You may find yourself in these paragraphs. EGS concurs with the advice to craft an exit plan early. You haven't done it? We will help bootstrap.

"Lease a CFO"  Introduced by EndGame Success

Most small to mid-size businesses cannot afford a full-time CFO. Many business owners attempt to shoulder the responsibility, acting in the capacity of CFO. In our experience, more often than not critical functions get neglected. Learn about our newest service.


Sourced through Scoop.it from: endgame-success.com

EGS now offers CFO services. Many smaller clients ask for it. We are pleased to add it as a regular service offering.


Reaching Financial Goals | Needs vs. Wants Pyramid | Exit Strategy

Very early in the process of deciding whether or not to exit your business, as a business owner you must determine how much money you need or want to live out your quality of life and accomplish financial goals. Working with a financial planner like EndGame Success, start with an analysis of wants vs. needs to help settle on a desired level of annual spending.

Sourced through Scoop.it from: anderscpa.com

Here's a new spin on exit strategies for business owners. We like the recommendation to reach out to EGS for professional help.

5 Steps in Creating a Business Succession Plan | Tompkins-Law Estate Planning Attorney

Business succession planning is the process of identifying and developing a plan of how you want your business to operate and who you want to run your business after you retire or pass away. Similar to estate planning, if the proper plan is not put into place, it can cause a lot of time, fees and headaches for your loved once.

Sourced through Scoop.it from: tompkins-law.com

This is straightforward stuff. After you've perused the 5 steps, add a 6th: call or write EGS for a courtesy custom consultation.

Six best practices for an exit - New Hampshire Business Review

Unexpected events like the sudden death, disability or unplanned retirement of a co-owner can be incredibly stressful and frequently negatively impact a company’s business. Here are six best practices business owners should follow to avoid these uncertainties: 

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

Good advice from an attorney. EGS adds a 7th best practice: contact us for a fully custom analysis and plan.

Exit Planning Guide for Startup Companies

The startup company IPO is a much rarer creature than it used to be, so most early stage companies return maximum value to their shareholders through some form of acquisition. Planning for such an exit is an ongoing responsibility for both the CEO and the board. Download this sample exit strategy template for early stage founders and directors. Includes key questions to expect from potential acquirers.

Sourced through Scoop.it from: seraf-investor.com

Here's an interesting and rare view into the world of startups, where exit planning is required by early stage investors. It includes a downloadable exit strategy template that contains useful thoughts for any kind of small - medium business. With EGS guidance, your own custom exit strategy is assured.

Paradigm Shift: Business Model or Exit Strategy

This entrepreneur will create a paradigm shift. There is, however, a major issue.

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

Very short video contains a powerful message. Watch it (41 seconds) then give Alan Mischler a shout-out: alan.mischler@endgame-success.com.

How to Maximise the Value of your Business for Sale

...it’s always a good idea to seek the advice of a professional outside advisor who can help you to prepare your company for a successful sale. An advisor can give you the guidance you need to prepare for a sale, give you a realistic idea of valuation and deal structures that will be available, help generate competition for the business by running a competitive process, and manage the process through to completion, allowing you to focus on the ‘day job’.

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

Worth your time to read this short article. Then take the advice to seek pro help by contacting EGS. We begin with a courtesy consultation specific to your business.

Older business owners urged to plan exits as a fifth of directors hit retirement age

Over a fifth of SME directors are now over the usual pension age of 65, as accountancy and advisory firm warns that many business owners are failing to put exit strategies in place ahead of their retirement.

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

Highly focused article highlights the pitfalls of failing to plan. EGS has your back on customized planning. Get in touch now.

Licensing is One of the Best Exit Strategies for Your IP-rich  Startup

In today’s IP intensive marketplace, your IP is your startups’ exit strategy. It provides an asset for a larger player to license and integrate into their product or technologies as part of a broader IP strategy. At some point during the licensing term, if your IP is generating significant royalties, your licensing partner will most likely want to buy you out.

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

Got intellectual property? IP is clearly a startup's prime exit strategy. Learn how to bake it in from the beginning by contacting EGS for a courtesy consultation.

Closing Up Shop: Top 5 Tips When Ending or Exiting a Small Business

Entrepreneurs are optimists. And even those with a long-term view on their startups often don't envision leaving those companies, much less failing or being forced to close. But ending a business is as much a reality as starting one, and planning for the worst is as essential as hoping for the best.

Sourced through Scoop.it from: blogs.findlaw.com

This simple article is actually an annotated outline. Each topic title clicks to a richer article. Collectively, this is pretty good stuff. EGS can help you customize the content to your specific situation.

3 Top Notch Exit Strategies for Your Small Business Plan

As an entrepreneur just entering the world of business it probably sounds counterintuitive to include an exit strategy for your business. Realistically, however, it is just as important to have a plan to retrieve your capital as it is to have a plan to find that capital in the first place. Exit strategies aren’t just for owner’s peace of mind, after all.

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

This very brief but accurate article provides strong encouragement to contact EGS for a robust customized exit approach. You'll start with a courtesy consultation.

Is it Time for a Professional Business Valuation?

The value of your business depends on many factors, including the timing of the transfer of ownership, the manner of transfer, the circumstances surrounding the transfer, and other factors which vary depending on the business you operate. For example, if you sell your business to a third party, the value of the business will likely be higher than the value of the business if it is transferred to current employees or to your children.

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

Business valuation is one of the key specialities at EGS. You may benefit from our Company Valuation article. As they say, "it's complicated." EGS is ready to uncomplicate your specific value.

5 Ways to Lead Your Company to a Successful Exit

A blockbuster exit is something of a fantasy for Silicon Valley entrepreneurs. In an industry where so many companies fail, an exit is a powerful symbol of success. However, that does not mean it’s a good idea to focus on an exit strategy from Day One.

Sourced through Scoop.it from: feedproxy.google.com

This writer is trying to say that a day one exit strategy is to focus on building the business. We agree. The best exit is a great offense that develops company value. Don't have that strategy? We'll begin building one at EGS, starting with a courtesy consultation.

Why You Should Plan to Break Up with Your Business Partner from the Start

While it's important for you to safeguard your investments and interests, it's equally important that any business partners do the same. This is why it's so helpful to establish an exit plan at the very beginning of your relationship.

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

Guest opinion in Inc. Magazine resonates with EGS. We're ready to build your custom exit plan now.

Reaching Financial Goals | Needs vs. Wants Pyramid | Exit Strategy

This issue takes on additional significance for the business owner who is considering selling their business. Very early in the process of deciding whether or not to exit your business, as a business owner you must determine how much money you need or want to live out your quality of life and accomplish financial goals.

Sourced through Scoop.it from: anderscpa.com

From a St. Louis exit practitioner comes insight structured like Maslow's heirarchy. Digest this then contact us to start your wants/needs courtesy conversation.

5 Critical Factors That Affect Business Exit Strategy Timelines

A finely honed business plan should include a detailed exit strategy. This, often overlooked element clearly outlines the owner's plan to get paid for their sweat equity at a designated point in time.

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

Brief article is to-the-point. Honing your exit strategy will begin with a courtesy consultation at EGS. Contact us to get the ball rolling.

Why Business Owners Need a Succession or Exit Plan | Investopedia

If you want to get the most from your business, as Dr. Stephen Covey said, start with the end in mind. Picture what a success plan and exit strategy would look like and then work backwards.

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

Good material here. Are you ready to build a plan? Begin with a courtesy EGS consultation.

Biz Tips: Planning a Successful Exit from Your Business

To accompany his book, Seven Keys to Unlocking the Door to Your Dreams: Exit Strategies for Business Owners, 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. Click here to see the book online.

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

Good stuff here! Short video is also part of the EGS playbook. Contact us now to get your successful exit underway, beginning with a courtesy consultation.

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

Although this article is about preparing a WEBSITE for sale, many of the enumerated tasks apply to all businesses. It's complicated, too. EGS is your ally to de-complicate.

Why you should create an exit strategy before you need it

Don’t wait until you want out – plan ahead and you’re more likely to get what your business is worth. This short article explains why you need an exit strategy.

Sourced through Scoop.it from: geca.co.nz

From colleagues in New Zealand comes this well-thought-out advice to plan your business exit. Good stuff here and at EGS. Our initial consultation is fee-free. And the phone call is free.

7 Lethal Threats To Your Business That Come From Inside

You've paid dearly to start and grow your business; the steep tuition of success that only an entrepreneur will ever understand. So, you would never do anything to sabotage your businesses, right? Well, not intentionally. But in my own personal experience and in working with hundreds of startups it's clear to me that there are at least seven critical areas where entrepreneurs make mistakes that may cost them their business or severely limit its value and chances for growth.

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

We like how this thinker weaves an exit strategy into the mix of internal threats. This is a good article, worth reading repeatedly as you strive to build business value. Need help? EGS is ready.

Your small business exit strategy | Xero

You’re running a business that you love. You’re passionate. You’re the boss. You’re making a difference. But have you considered what your endgame is?

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

Brief but good checklist article. No worries on remembering these bullets. That's our job at EGS, beginning with a courtesy consultation.

The One Principle That Will Keep Your Best Employees From Quitting

Watch company morale soar with this approach to employee engagement. Losing employees can be a pretty expensive habit. If your company is in a turnover phase, you're not alone. According to data from Harvard Business Review and the CEB:


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

High business valuation as part of any exit strategy relies on low turnover among top employees. Here's a short article that offers clear guidance on retention.


Selling The Business - A Checklist

Selling the business to employees or ivnestors is another exit strategy option. There are Pro's and Con's to this option. Here is what you need to know.

Sourced through Scoop.it from: www.s-b-z.com

Another checklist article demonstrates the complexity of selling your business. EGS will listen to your needs and cut through the complexity. We are the "EZ Button".


How to Protect Business Value in a Tricky Economy

If you're thinking about selling your company in the next few years, have you considered the impact that changing economic conditions could have on business value? Better yet, have you considered what you will do to protect the value of your business if key economic indicators go south?

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

Good insight in this Inc. article. EGS is ready to adapt it to your specific situation beginning with a zero-cost consultation.

The puzzle

Why an Acquisition Might Be the Best Growth and Exit Strategy for Your Business (No Matter What Size It Is)

Ready to exit, or ready to grow? M&A may be the answer, but only if you find the right partner. Acquiring or merging with a like-kind company can create opportunities for small companies to accelerate their growth... and for someone to exit. And, no, this method is not just for the big guys, small businesses can produce serious results with a calculated acquisition strategy.

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

It's fairly rare, but a merger can offer both growth and exit opportunities. Here's a useful case study about two small firms. EGS is eager to offer solid guidance.


Exit Strategies of the Rich and Famous

Estate conservation is too important to put off. Do you have a smart [personal] exit strategy? This is a short video.

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

Here's a fun and interesting video to kick-off your weekend. And it's also a topic that EGS loves to consult on: your personal exit strategy whether you are famous or not.

Sharing the wealth: ESOPs offer business owners an exit strategy, if they plan ahead

When Mark Lindquist purchased Rapid-Line Inc. in 1989, he completed the transaction with a strategy for exiting the business already in mind. Shortly after signing the paperwork to acquire the Wyoming-based contract manufacturer, Lindquist established an employee stock ownership plan (ESOP) to cement a clear path for his eventual retirement.

Managing the Emotional Toll of Selling Your Small Business

Many buyers desire that the previous owner remain with the business, on a consulting basis, for three to six months after the transaction, to help ease the transition. Make sure that you're emotionally prepared to play this role in a professional manner.

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

Here's an interesting look at the emotional side of selling your small business. EGS practices positive reinforcement to maximize smart decisions. Our insight is waiting for you during a courtesy consultation.

Exit Planning | The Vantage Group, Inc.

“An exit plan asks and answers all the business, personal, financial, legal and tax questions involved in transitioning a privately owned business. It includes contingencies for illness, burnout, divorce or death. Its purpose is to maximize the value of the business at the time of exit, minimize taxes, and ensure the owner is able to accomplish all his or her personal and financial goals in the process.”

– Exit Planning Institute

Sourced through Scoop.it from: vantagegroupinc.com

Solid insight in this article by The Vantage Group in Michigan. Contact EGS to actualize the advice beginning with a courtesy consultation.

When Divorce Involves a Business Split

Divorce can be a difficult time and whilst many presume correctly the main concern is children, on many occasions, there are many other important factors such as business ownership.

Sourced through Scoop.it from: businessnewswales.com

We owe thanks for this short piece on a topic encountered (too) frequently. EGS knows how to handle the situation well in advance. Contact us now to get a courtesy consultation.

Employee ownership could be answer to exit of baby boomer owners

Nexus, teamed up with a group called Project Equity out of Northern California, has embarked on a new effort to get the word out about the economic benefits to workers who manage to take over ownership of these businesses from their retiring bosses. What makes this at least worth hearing about, for business owners, is that a better buyer than their own workers may not come along.

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

Enjoyable article! Is the author describing your business? Contact EGS to get the ball rolling on an employee ownership exit plan.

Cashing Out: 3 Tips for Valuing and Preparing Your Business for Sale

The grind that goes into building a business and creating a book of happy clients is remarkably hard. The perception of overnight successes that fill the airwaves betray the long, lonely hours and meager rewards. After years of carefully caring for an idea that becomes a business, many entrepreneurs feel exhausted and begin to consider selling - here's how.

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

Read this brief article first. Then ask "Do I resemble this guy?" If you've procrastinated on an exit solution, EGS can quickly get you up to speed.

Making a gracious exit from your business and finding a successor

It’s come to that moment. You feel like it’s the right time to leave your business that you’ve put so much work into over the years.

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

Gracious exits take planning. Here's good advice from an Australian firm. Planning? That's what we start with at EGS.

How to Break Up With Your Business Partner the Right Way

The average startup breakup rate can be 20-30% higher than marriage divorce rates. If the pairing at the heart of a joint venture starts to fail, knowing how to end the relationship can save the business from a PR nightmare. You want a fresh start, not a new enemy.

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

Partnership-based companies should consider breakup contingencies in exit strategy planning. You just never know, so plan for it. EGS can quickly add a plan.

Who Needs a Succession Plan? Maybe You

Monetizing a closely held business is often a long and difficult process, so business owners may benefit by developing an exit strategy.

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

Short, sweet read. You do need a plan. 

Succession planning can give you and your family security and confidence

Succession planning is one of the more important safety nets for a business owner who wants to build their business with the end goal of selling their business for the maximum value, be it in one, five or 10 years’ time. Yet, as important as this is, many businesses fail to implement a successful exit strategy for their eventual transfer of ownership.The reality is that every business owner will need to exit at some stage.

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

Short, sweet message from across the sea. Contact us now to get your plan rolling.

What You Need to Know Before Selling Your Business

Selling a business is a multi-faceted process. How do you determine what it's worth? How do you find a buyer? How do you keep your competitors, customers and employees from knowing it's for sale if secrecy is critical? What are all the steps involved?

Let's look at these questions and more with eight tips for maximizing the sale of your business.

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

This article is simple enough. For most firms, however, simple it isn't. You need a guide, an experienced hand-holder to steer you.

Begin With the End in Mind

“Begin with the end in mind” – sounds really simple but unfortunately most people lose sight of the strategic management of their business.  This vital habit ends up not being followed by business owners who are so entrenched in running their business day to day – they don’t allocate the time and energy to planning and designing the method to help them maximize the value of the business and achieve a successful exit.

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

The title is one of our favorites slogans. And it bears repeating. This is a useful article from down under. Want to begin? Contact EGS.

Why Investors Are Asking About Your Exit Strategy (And What You Should Say)

Investors put money into risky startups to drive a superior return versus other investments. Investing in private companies has the additional risk of an illiquid stock, but implies some amount of patience with these investments. Ultimately, in order to have liquidity, there needs to be an exit.

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

Investor-fueled startups need an exit strategy from day one. Inc magazine details, in general, why and what to offer. EGS will get specific with your during our courtesy consultation.

There's Never a Great Time to Plan Your Succession

... just to be clear, since the most critical choices are the ones we make with our hearts rather than our heads, you'll know it's time to go when your fears are greater than your dreams.

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

I like this emotion-driven article from Inc. It addresses the avoidance factor that we often encounter at EGS. Our free initial consultation will help move the ball forward.

Succession Planning Part 1: Establishing an Exit Strategy

Do you want to sell the business to an outside party and completely remove yourself and your family from future operations? If so, working with a consultant to maximize the value of the business can be invaluable. He or she can help get systems in place that will make your operations attractive to specific types of buyers.

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

Here's exit advice from wealth management experts. EGS agrees with much of it. Good, short read. Then give EGS a call to begin the exit strategy process.

Planning for Business Succession - Jacobowitz and Gubits, LLP - Counselors at Law

A properly planned exit strategy ensures that the benefits of your hard work and your vision for that the business continues to thrive.  It is a natural succession and necessary step toward achieving your goals and protecting your assets.  Additionally, it helps ensure business continuity. The sooner you start to plan, the more options and flexibility you will have.

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

This New York law firm provides clear insight. Short, good read. When you finish, consider a courtesy consultation to adapt the insight to your specific situation.

6 Legal Issues Your Business Succession Plan Should Address - Biz Epic

One of the important and necessary parts of your organization’s business strategy is succession planning. A succession plan can help protect a business in case of retirement, a divorce or the death of the owner or key executives in the business. In other words, succession planning is all about laying structures of how business is going to proceed once the owner is not around.

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

Separate from an actual exit strategy, a succession plan provides contingent guidance. Contingent on what? Contact EGS for a courtesy evaluation of your needs.

How to Retire When Your Business Partners Are Sticking Around

It's easy if you and your partners plan to retire at the same time: You can sell the business to outsiders all at once. But if you don't expect that to be the case, you'll need a system in place to allow you or any of your partners to sell shares at a fair price, without damaging the business.

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

This is a good argument favoring buy-sell agreements. EGS fully supports them and is ready to illuminate the benefits. Read our popular article here.

Exit strategies for your family business

After many years of hard work and most likely plenty of sacrifices, many family business owners look to reap the rewards of their efforts over the years. While many will be ready to move on to the next phase of their life, there are a myriad of issues that will need to be considered first in relation to their business:

Sourced through Scoop.it from: kpmgsa.smh.re

KPMG delivers a good exit checklist for family business owners. Need a guide and coach? EGS is ready.

Exit Planning: A Process NOT an Occurrence

Successful leaders of companies are often said to be visionaries. The pioneers who have empowered their companies and employees with objectives and values from which the companies were built. Why is it so often that these so-called visionaries lack the sagacity to treat exit planning as a multi-stage process as opposed to an occurrence?


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

Short piece underscores the wisdom of colleagues. At EGS, we treat exit planning as a process. Contact us to learn more at no charge.


What to Expect When Transitioning Your Business to a New Owner

An understanding of the transition process will go a long way to making selling your business smooth and amicable. While each business owner chases success in his or her own unique way, there are some things nearly all owners have in common. Hard work, determination, a vision of what could be, and the will to make it happen—these are the stock and trade of anyone who starts a business. There’s also another common factor that binds together all business owners: The need to someday transition your business to its next owner.

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

When Eide Bailly talks, I listen. This respected accounting firm share their insight in an interesting quasi-case study. EGS is ready to apply this insight to your specific goals. Use our new Contact page to get started.