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.

Whilst you were lying by the pool (probably sending work emails), did you think about your exit strategy?

Our experience has shown that vendors who approach the sales process in a controlled and structured way are far more likely to achieve a more satisfactory result on completion of the sale. 

Sourced through Scoop.it from: blog.aab.co.uk

"Controlled and structured" in this timely article describes the EGS approach to exit planning and business valuation. Begin with a courtesy consultation.

Why Small Businesses Prefer To Be Acquired

...it is important to know the fundamentals of what an exit strategy is, what acquisition is and why it is highly desired. Thus, it is also important to be aware of the implications of acquisition and the steps that are needed during the acquisition period.  

Sourced through Scoop.it from: linkilaw.com

Here's a heads-up article out of the UK. Much of it applies on this side of the Atlantic. If the author is describing your company, contact EGS to begin the acquisition process at no cost.

4 business exit planning factors you should consider

Business owners get caught up in the day-to-day challenge of establishing & growing a business, and it often doesn’t feel like the right time to think about your next move. Yet an exit strategy should be a core part of your business exit planning.

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

Solid advice from the U.K. These 4 factors are also part of EGS approach. Begin a conversation with us to learn more.

Your Business Exit Strategy In 9 Steps

Exiting your business is inevitable. It will happen whether you’re in control of it or not. So make a plan now and start getting your business ready for the next owner. It’ll help you command a better price, and increase the chance that your business survives.

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

Whether you are ready or not, EXITS HAPPEN. Here's a simple checklist artice, a four minute read. What to do when finished? Call EGS to implement a custom, value-driven exit strategy.

How to Value Your Businesss

As the seller, you will have worked hard over years, maybe even decades, and will want to maximize the amount you receive. As the buyer, you will want to ensure you’re receiving maximum value for your dollar, and feel reasonably secure in the eventual profitability of the transaction.

Sourced through Scoop.it from: us.businessesforsale.com

This may be the longest article (three parts) we/ve recommended. Solid content here. One method not discussed is the outside consultant. With a storied track record, EGS is ready for the hard work of setting the highest possible valuation.

How entrepreneurs should plan to leave their business behind

Another external resource to consider is an external advisor or broker — someone with expertise in your industry — to help navigate the process and get you the best possible deal. And finally, if you don’t want to be a part of the acquisition after it happens, you need to make yourself needed but not necessary so they’re buying your team and your company, not you.

Sourced through Scoop.it from: business.financialpost.com

You may find your situation in the case study included in this article. No? Ask EGS to evaluate then recommend a course of action for your specific business.

Start-ups: How to get your exit strategy right

You’ll need to be clear on your exit strategy,’ says Cordrey. ‘That means being upfront about whether you intend to stay on and help take the business to the next level. And whether you want to take all of your cash off the table, or defer some of the payout.’

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

Kind of an interesting case study here. Every exit plan is unique, and calls for expert guidance. it's what we offer at EGS, starting with a courtesy consultation.

Exit Strategy Definition - Entrepreneur Small Business Encyclopedia

The planned exit of an owner from their business

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

Emphasis on planned. No plan? EGS has your back. We have short cuts to bootstrap your strategy.

The Most Important Steps to Getting Your Business Ready to Sell

If you're planning to sell your business, it's a good idea to "dress" it for success to help attract the best suitors. Just like selling a house, preparations need to be made. As you transition from business builder to owner to seller, we at MGA urge you to ask yourself these questions:

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

These MGA guys out of Houston offer several good questions to cue-up a business selling effort. Digest, then contact EGS to ramp-up your effort.

“Failing to plan is planning to fail” - Put your succession plan and exit strategy in place today

As a business owner, you will spend years developing your business. From concept and your first ever business plan, through to applying for investment and forecasting your business takes on a life of its own. 

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

Although this British firm likely won't be able to directly assist with an exit strategy, their insight helps. EGS is your go-to for quick succession planning and an exit strategy.

Before you start your new business, think about your exit strategy.

...A good business plan is long-term, 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

Here's a revised favorite, repeated for your benefit. EGS is 100% on-board with this advice.

Engineering Business Owners, Plan Your 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

Solid stuff here. Contact EGS to get started.

Engineering Business Owners, Plan Your Business Exit Strategy

Nobody wants to be caught out if they’re faced with a sudden unexpected scenario, and by developing a business exit strategy you can help ensure that should you or another senior manager or director have to leave the company on short notice, you aren’t left in a difficult situation.

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

We sometimes come across an article that pretty much gets it right, as this one does. EGS has lots of experience with tech firms and will get the ball rolling swiftly.

How To Pick An Exit Strategy For Your Small Business –

An exit strategy is something that every investor in a small business looks for. But even if you are running a one person sole proprietorship, you need an exit strategy. For you, as for any investor in a business, the questions are the same when it’s time to move on:

Sourced through Scoop.it from: vrbatonrouge.wordpress.com

Short, succinct read covers the basics. EGS covers everything starting with a custom courtesy consultation.

Business Succession Plan | Wells Fargo

Whether you pass the business on to a family member, sell to an external buyer, or choose another exit strategy, thoughtful planning is essential to making your transition successful — not only for you and your successor, but also for the long-term health of your company. Even if you’re nowhere near retirement age or have no plans to leave your post, the time to establish a transition plan is now.

Sourced through Scoop.it from: wellsfargoworks.com

Short but powerful read for managers NOT thinking about succession. We hope you agree and decide to call EGS.

Now Is the Time to Think About Your Small-Business Succession Plan

Will you be leaving control of your company to family or your employees? Or will you just sell it to an interested party?

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

Quick read full of sage advice. After your 2-minute read, get ahold of EGS for a courtesy consultation to get your succession plan on roller skates.

Exit ready | How can I maximise value on exit?

On deciding a sale is the right route for you and your business, there are many different routes to market.

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

Here's some interesting and quick insight into the sale of businesses from a British perspective. Only 2 minutes long and you should call EGS for the U.S. perspective. No fee for initial consultation.

Want to sell your business? Read why an exit strategy is so important.

It is vital to have an exit strategy in place for your business. Don't know where to start? Contact an experienced advisor like EGS to assist you with your exit strategy.

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

Benchmark in Australia has a good handle on what to do for businesses that don't have an exit strategy. At EGS, not only is our knowledge even better, but you don't need a 16-hour round trip to get it.

Exit ready | Exploring your options for an exit

Choosing the direction of your business's future needs to be considered carefully. This video outlines the most common routes for an exit.

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

Our colleagues in Great Britain often provide good exit strategy insight that is useful for North American firms. You'll enjoy this video, and the accents. Enjoy, then contact EGS for un-accented expert help.

Your Family Business Won't Survive If You Don't Plan for the Leadership Transition

When advising family business owners, one of the biggest challenges I see clients grapple with is the transition from being "power players" who dominate every aspect of the company, to "people builders" who cultivate the next generation.

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

On-target article emphasizes planning. EGS is a master with planning and we can get started with your custom strategy now. Courtesy consultation right up front.

Business Valuation News & Topics

Billionaire investor Warren Buffett once told an audience at a business school graduation that business valuation was the most important course that they could take. He's right -- understanding the worth of your business gives you a tool to measure profit, achievement and loss.

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

Business valuation is a chief skill at EGS. Your unique business gets a custom approach with EGS designing your exit strategy.

5 Tips to Getting an Accurate Valuation

Here are guidelines to consider that can steer you toward the right valuation number-and set you on the road to growth.

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

Valuation is tricky and EGS knows it's way around all the tricks, beginning with a courtesy consultation.

How to Plan a Strategic Exit

What are the different aspects needed to grow a sustainable business that is transferable and valuable? Today’s episode is all about planning a successful exit. Starting now is the key.

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

Here's a half hour YouTube video interview with Ryan Tansom, a fellow exit strategist. EGS agrees with much of Ryan's insights. View, then contact us to get going on your strategy.

Developing a Business Exit Strategy: An 8 Point Check List to Get Started Today! 

In business terms, the transition out of the business for an owner is referred to as an “exit,” while the plan for a defined ending is called an “exit strategy.” Having a business exit strategy conveys that you’re in control of your business; that you’re aware and goal focused, and that you have a plan for an organized and profitable ending. Remember, it's inevitable - all businesses must transition at some point; all owners must exit the market.

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

A good checklist here. Let's make it 9 points: add contact EGS for a courtesy consultation to build a custom exit.

Signs that your company is struggling financially

More new businesses than ever before are being started by inexperienced owners who don’t appreciate that a high volume of sales, doesn’t necessarily mean that they are doing well financially. It’s important to be aware of these early warning signs and take immediate measures to turn things around before it’s too late.

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

Consider this short article as a pre-exit notice. Pay attention to these signs, then add an Exit Strategy beginning with a courtesy consultation with EGS.

10 Steps To Selling Your Business - Here's How We Look at it In Ireland

Essential steps to selling your business smartly and safely for maximum return.

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

There's notable similiarity between U.S. and European considerations for the sale of a business. EGS scours the world for the most effective tactics and strategies.

The Only 4 Exit Strategies for Business Owners - Which One is Yours?

Four simplified exit strategies for business owners explained with substantial clarity. Your business is going to need one or more of them.

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

Beautifully oversimplified! This short video is almost an elevator pitch, designed to get you moving. EGS will keep it simple even when your situation is complex, as most are.

Preparing for businesses succession: Four actions every owner should consider

Preparing for businesses succession is critical to ensuring business continuity. Here are four key actions to consider when preparing your business succession exit strategy.

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

Let us praise this bank for insight. These four actions make sense, but none more than the advice to get started now. And that's what we do at EGS beginning with a customized courtesy consultation.

Exiting Your Business: How To Conquer Your Fear

Fear holds us back. For some, fear prevents them from ever starting a business in the first place. For others, fear stops them in their tracks when it’s time to exit their business. Today let’s look at three of the most common fears and how to confront them. Conquer your fear, and start living your real dreams.

Sourced through Scoop.it from: mindshift.money

Interesting article dives into the psychological component of exit strategies. When EGS counsels clients, psych is always an up-front component on our menu.

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

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.

Exit Strategies: Plan Early and Often Begin Your Retirement Planning Now

Consider your exit strategy from the very start, before you even open your business, in fact. Having an end in mind (and a timetable) can affect how you structure your business, which can have tremendous tax and inheritance consequences down the road.

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

EGS loves to discover articles like this one. Simple and clear advice. Will you discover yourself in these short paragraphs? EGS is ready to bootstrap your plans. A consultation costs nothing.

Exit Strategies: 4 Roads To Letting Go

Do you want to sell 100 percent, take the money and run? Do you want to keep your hand in, help guide the firm during its transition? Do you want to retain an ownership percentage to supplement your retirement fund, make a loan to the buyers to provide an ongoing source of income?

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

From the Franchising community comes this quick and easy article on exit possibilities. Although structured for franchisees, the insight is universal. Get customized insight beginning with a courtesy consultation at EGS.

Content Marketing in an Exit Strategy: How to Plan Ahead for a Big Win

Content doesn't just support the growth of your company. It also prepares your company for a successful exit strategy. Here's how to use content marketing to set up your brand for a profitable sale.

Sourced through Scoop.it from: kathrynaragon.com

Content considerations are always part of an EGS custom strategy for firms with active websites and marketing/sales collateral. Contact us to learn tactics leading to a stellar exit.

Should I Sell my Business? | UBS UK

Driven entrepreneurs think about every aspect of their business except, sometimes, what comes after it. You may sell your business. You may want the business to stay in the family. Or you may want something in between.

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

Big league advice from the UK. Solid insight, with a bonus:

These short video case studies may add to your knowledge. EGS can add more, fully customized.

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.