Have you started planning for the eventual exit of your business? Planning should begin years in advance. Having a defined strategy can help you build a more valuable company, have stronger personal financial plans and ensure it aligns with your personal goals. This workshop is designed to give business owners a knowledge base, vocabulary and an understanding of the process to create a thorough exit strategy. Whether you plan to transfer ownership to family members, sell your business or close your business, this workshop is designed to build a foundation of understanding for the eventual transfer of a business owners’ biggest asset – their privately held business.

Course Outline
Agenda

1. Evaluation of the Business

• What is it worth? When to get a Valuation.
• Determining the right exit strategy or buyer for your business
• What is Goodwill and how is it determined?
• 3 Things You Can Do to Build Value In Your Business to get ready for sale
• How to get your business ready for exit
• Professionals to help you build your strategy

• ESOP
• Market Sale
• Gradual Sale
• Transfer Ownership
• Liquidation, Bankruptcy, Closure

• Preparing your strategy
• How to Prepare Your Business for Transition
• How to Prepare Yourself for Transition
• Getting Employees Ready for new owners

• Business Valuation, what is the company worth?
• What is goodwill and how does it affect the sale?
• What are the various ways of exiting the business?
• What does the sales process look like?
• What professionals will I need to help sell my business?
• How do I get my business ready for sale or exit?