Exit planning for business owners
A strategy can help you and your family fully enjoy the wealth of your business
Business and finance
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Selling a business is one of the most important financial milestones in an entrepreneur’s life. For the average business owner, 80-90% of their wealth is locked up in their business.
Effectively harvesting that wealth can be the difference between a successful transition and a less-fulfilling outcome.
Yet, according to the Exit Planning Institute, 70-80% of small-to-medium businesses ultimately do NOT sell. And for businesses that do, 75% report being unhappy or profoundly unhappy with the results just one year later.
Additionally, over 90% of all intergenerational wealth transfers in the U.S. fail by the third generation, and the statistics are even worse in the case of intergenerational business transitions… and this is with an estate plan.
Much of this is avoidable for many business owners. It is possible to exit or transition your business when, how, and to whom you want, for the money you need, with minimum taxes and maximum control.
The most effective exit plans incorporate what the Exit Planning Institute refers to as the “Three Legs of the Stool”:
• Personal Planning – envisioning, articulating and planning for your purpose-driven “life-after-exit.”
• Business Planning – growing enterprise business value, reducing risk, unlocking wealth and preparing your business for eventual sale or transition.
• Financial Planning – analyzing, developing, implementing, and monitoring action steps around your personal finances, investment, retirement, estate, charitable and tax planning.
Our collaborative team of Certified Exit Planning Advisors™ and CERTIFIED FINANCIAL PLANNERS™ can help ensure you are personally, financially and emotionally prepared for “life after exit,” whether your transition will happen soon or years from now.
Effectively harvesting that wealth can be the difference between a successful transition and a less-fulfilling outcome.
Yet, according to the Exit Planning Institute, 70-80% of small-to-medium businesses ultimately do NOT sell. And for businesses that do, 75% report being unhappy or profoundly unhappy with the results just one year later.
Additionally, over 90% of all intergenerational wealth transfers in the U.S. fail by the third generation, and the statistics are even worse in the case of intergenerational business transitions… and this is with an estate plan.
Much of this is avoidable for many business owners. It is possible to exit or transition your business when, how, and to whom you want, for the money you need, with minimum taxes and maximum control.
The most effective exit plans incorporate what the Exit Planning Institute refers to as the “Three Legs of the Stool”:
• Personal Planning – envisioning, articulating and planning for your purpose-driven “life-after-exit.”
• Business Planning – growing enterprise business value, reducing risk, unlocking wealth and preparing your business for eventual sale or transition.
• Financial Planning – analyzing, developing, implementing, and monitoring action steps around your personal finances, investment, retirement, estate, charitable and tax planning.
Our collaborative team of Certified Exit Planning Advisors™ and CERTIFIED FINANCIAL PLANNERS™ can help ensure you are personally, financially and emotionally prepared for “life after exit,” whether your transition will happen soon or years from now.