Expert Exit Planning
What do you mean by exit planning?
In simple terms, exit planning is a three-phase process undertaken by a business owner
as he considers transferring ownership to another business or individual. A variety of
terms are used by professionals and business owners alike to describe business exit
planning.
Common exit strategies include mergers and acquisitions (M&A), selling to a strategic acquirer, or initial public offerings (IPOs), each providing a clear roadmap for the future and ensuring
financial security.
8 types of exit strategies
- Merger and acquisition exit strategy (M&A deals)
- Selling your stake to a partner or investor.
- Family succession.
- Acquihires.
- Management and employee buyouts (MBO)
- Initial Public Offering (IPO)
- Liquidation.
- Bankruptcy.
When should exit planning start?
You should begin exit planning several years before you intend to step away from your
business. The more time you have to implement your exit plan, the more likely the
transition is to go smoothly.
Which exit strategy is best?
The best business exit strategy is the one that meets your needs for your financial,
lifestyle and legacy goals.