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“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.

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.

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.

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.

Exit Plan: How a succession plan can save your business (and protect your family)

At some point, you may want to pass the business on to your children, or to someone else in the company. You may want to sell your share to your business partner. Or you may want to sell the business to another person or company, and retire on the proceeds. Ideally, you will choose the timing and method of your exit from the business. However, the way life unfolds sometimes, business owners do not always have a choice in what happens, or when.

Sourced through Scoop.it from: www.ascentwa.com.au

Good advice and insight. Your best Next Step is to contact EGS for a powerful and free consultation.

Succession planning can give you and your family security and confidence

Succession planning is one of the more important safety nets for a business owner who wants to build their business with the end goal of selling their business for the maximum value, be it in one, five or 10 years’ time. Yet, as important as this is, many businesses fail to implement a successful exit strategy for their eventual transfer of ownership.The reality is that every business owner will need to exit at some stage.

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

Short, sweet message from across the sea. Contact us now to get your plan rolling.

6 Legal Issues Your Business Succession Plan Should Address – Biz Epic

One of the important and necessary parts of your organization’s business strategy is succession planning. A succession plan can help protect a business in case of retirement, a divorce or the death of the owner or key executives in the business. In other words, succession planning is all about laying structures of how business is going to proceed once the owner is not around.

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

Separate from an actual exit strategy, a succession plan provides contingent guidance. Contingent on what? Contact EGS for a courtesy evaluation of your needs.

What Does Your Succession Plan Look Like? (Part I)

Ownership transfer isn’t an easy subject for electrical distribution firms that know they should be thinking about the next generation of ownership… .   owners of small to mid-sized companies as a whole tend to have a tough time when it comes to succession planning.

 

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

I discovered this excellent article in a magazine directed at electrical parts distributors. And it applies to many markets, so enjoy the content. Then give EGS a shout-out for a consultation.

 

When Is The Best Time To Sell Your Business? – SWAAY

When is a good time to call it quits and hand over the business to someone else?  That is a complicated question with even more complex answers.  I’ll try to simplify it for you a bit in this article by offering you some cues that will help you identify the best time to sell your business.

 

Sourced through Scoop.it from: swaaymedia.com

Charming article tickles your emotional attachment to the business, whether start-up or mature. The article really says “it’s complicated” to sell a business. EGS is ready to help de-complicate.