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Owners Need an Exit Plan in Addition to a Business Plan

When business owners start their businesses, they often create a written business plan to guide them toward success. However, many successful owners don’t mimic that process when they begin to approach the end of their business ownership. They should begin with the end in mind!

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

EGS begins with a courtesy strategic planning session. We want to get the ball rolling on your exit plans.

2018 Insights on Wealth and Worth – Business Owners

The 2018 U.S. Trust Insights on Wealth and Worth survey examines the impact that people and relationships have on business ownership, from initial funding to exit planning….

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

The Succession Plan section (Figure 4, shown) provides deep insight worth your attention. EGS is ready and able to walk you through to build your custom plan.

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.

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.

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?

What is Exit Strategy Planning?

What is exit strategy planning? The definition lies within the exit planning process of preparing a business for sale or transfer while maximizing enterprise value.

Sourced through Scoop.it from: exitpromise.com

OK, here’s an Exit Planning 101 article for folks embarking on the voyage for the initial time. Good content if you are completely green on this important topic. EGS can take it from here.

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.

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.

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.

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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.