Exit Strategies
I have heard certain clients state that they have never considered or planned for an exit strategy as it feels negative, overwhelming, or both. They may erroneously believe it will simply “happen” someday. Actually, the best reason for an exit strategy is to plan how to create and optimize a desirable situation rather than escape from an undesirable one.
This allows you to plan ahead to effectively run your business with a focus on how to make it more appealing and compelling to the potential list of acquirers that you and your M&A Broker/Advisor target when it is time to exit.
The type of business you choose to create or enter should consider your skills, interests, experience and financial resources tied to your future goals. The way you grow your company should be aligned with your future exit strategy. Optimally, you are visualizing the desired exit and creating the clear pathway to your finish line. Never wait until you are in trouble to think about an exit. This creates a lower price and with minimal leverage for a better outcome. Instead, think of your game plan as your smart and successful transition.
Exit Transactions
Every exit transaction requires a successful meeting of the minds between the seller and the targeted buyer.
The first person in this equation is you, the seller, who has built up over many years a healthy business and it is often your largest asset. At this point, you are expectantly awaiting your well-earned payday.
The second is the right buyer who is ready, able, and motivated to move forward and successfully purchase your company.
While there are many steps in the exit process, the final step is to see a big smile on the Seller’s face as he/she/they receive two healthy wire transfers for the company and for the commercial building.
Your M&A Broker/Advisor will know how to attract, negotiate with, and receive offers from strong, capable Buyers for your business and your commercial building. Our tax strategies ensure that you keep as much as possible of the proceeds from both.
eTime Solutions is skilled and vetted in both Exit Strategies and Exit Transactions.