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Do you have an exit plan for your small business?

Whether you intend to leave your business in one, five, or twenty years, you would be wise to make a plan now, like right now. You can even run your business differently and set it up for a buyer and command a higher price. It takes years, not months, to prepare a business for a new owner. The better the exit plan the higher the price you are likely to get for your business. How do you exactly plan an exit strategy?

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

Sweet and short. Take a minute to read, then contact EGS to get proactive.

5 Tips for Selling Your Business and Retiring

Historically, only 25% of businesses up for sale actually sell. Those odds are likely to become worse as millions of baby boomers attempt to sell their businesses over the next decade in the Exit Bubble®.

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

EGS agrees with the concept of "The Exit Bubble." We are ready to help you beat it, starting with a strategic courtesy consultation.

Almost a quarter launch businesses with a sale in mind

Almost a quarter of entrepreneurs starting their own businesses do so with the aim of selling the business at a later date.This is according to a new study.

Sourced through Scoop.it from: www.business-sale.com

This means that more than 75% of entrepreneurs DO NOT build an exit strategy into the business plan. EGS is ready to fix that, starting with a courtesy consultation.

“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

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.

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.

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.

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.

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.