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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.

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.

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.