Exit Strategies Tactics to max out your end game

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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.

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.

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.