The document discusses exit planning for business owners looking to sell their company. It outlines that only 29% of businesses making $2-30 million in revenue typically sell. It then lists the top 7 reasons why some businesses are never sold, including poor records/data, profitability issues, and the owner being too tied to the business. The document proceeds to define exit planning, discuss the 4-step planning process, list the advisory team roles, review 20 criteria that attract buyers, and provide 16 initial steps owners can take to begin the exit planning process.
Similaire à Course Slides: Top 7 Reasons Why 3 out of 4 Businesses Won’t Ever Be Sold. Tilt the field in your favor and sell your business for top dollar.
Similaire à Course Slides: Top 7 Reasons Why 3 out of 4 Businesses Won’t Ever Be Sold. Tilt the field in your favor and sell your business for top dollar. (20)
1. Data Collection – interview with owner, detailed questionnaire, review of data, research 2. Valuation / Analysis – business valuation, personal financial plan, ways to maximize value of business, tax strategies 3. Recommendations – salability of business, financial terms, exit options, ways to maximize value and minimize taxes, legal options, specific action plans 4. Implementation – pre-transaction due diligence, tax plan, estate plan, wealth management plan, business & marketing strategy, implementation of appropriate exit option
1. Data Collection – interview with owner, detailed questionnaire, review of data, research 2. Valuation / Analysis – business valuation, personal financial plan, ways to maximize value of business, tax strategies 3. Recommendations – salability of business, financial terms, exit options, ways to maximize value and minimize taxes, legal options, specific action plans 4. Implementation – pre-transaction due diligence, tax plan, estate plan, wealth management plan, business & marketing strategy, implementation of appropriate exit option
1. Data Collection – interview with owner, detailed questionnaire, review of data, research 2. Valuation / Analysis – business valuation, personal financial plan, ways to maximize value of business, tax strategies 3. Recommendations – salability of business, financial terms, exit options, ways to maximize value and minimize taxes, legal options, specific action plans 4. Implementation – pre-transaction due diligence, tax plan, estate plan, wealth management plan, business & marketing strategy, implementation of appropriate exit option
1. Data Collection – interview with owner, detailed questionnaire, review of data, research 2. Valuation / Analysis – business valuation, personal financial plan, ways to maximize value of business, tax strategies 3. Recommendations – salability of business, financial terms, exit options, ways to maximize value and minimize taxes, legal options, specific action plans 4. Implementation – pre-transaction due diligence, tax plan, estate plan, wealth management plan, business & marketing strategy, implementation of appropriate exit option
1. Data Collection – interview with owner, detailed questionnaire, review of data, research 2. Valuation / Analysis – business valuation, personal financial plan, ways to maximize value of business, tax strategies 3. Recommendations – salability of business, financial terms, exit options, ways to maximize value and minimize taxes, legal options, specific action plans 4. Implementation – pre-transaction due diligence, tax plan, estate plan, wealth management plan, business & marketing strategy, implementation of appropriate exit option