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. Key concepts include: business valuation, determining the right exit strategy, 3 things you can do to add value to your business to get ready for a sale, and getting your business ready for transition after a sale.
LEARN HOW TO:
Understand business valuation - what is your company worth?
Define goodwill and know how it affects the sale
Identify the various ways of exiting your business
Navigate the sales process
Identify a team of professionals to help sell my business
Prepare your business for sale A business plan is more than just a document ? it?s your roadmap to success.
A strong business plan helps keep you focused, reach your goals and is critical if you plan to seek financing for your business. Many business owners don?t have a business plan because they just don?t know where to start. This class breaks down each section of the business plan, from the executive summary to financial projections, with tools and resources to guide you along the way. Whether you?re just starting a business, need funding, or just finally have time to focus, this class will help you create an effective business plan to guide your business for years to come.
LEARN HOW TO:
Use the business plan tool or template that works for you
Understand and explain who your target customer is
Start with your company description and proceed step-by-step to finish your business plan
Strategically position your business using a written plan
Incorporate a strong financial foundation into your business plan
Workshop - Building an Exit Strategy for your Business
Workshop - Writing Your Business Plan
