Exit Planning for the Best Business Value
Exit planning is critical for the value of most businesses. Business mentor Christine Nicholson talks to Connie Whitman about the importance knowing your numbers when planning your exit.
Being in business for over 20 years I am busy running my business and sometimes we business owners forget that our lengthy to-do lists will never compete!
PODCAST – Exit and Succession Planning: Knowing Your Numbers
As I am aging, I have thought about succession planning to either sell my business in the next decade or my kids choose to take it over. Either way, I need to infrastructurally as well as organizationally have a plan that allows me the opportunity to step aside and cash out.
70% of business owners are looking to fund their retirement from the value of their business – yet only 2% know how much their business is worth.
When the owner and their business have an actionable plan it makes the business worth it no matter when the business owner leaves.
Connie’s motivational quote for today is by – Anne M. Mulcahy, “One of the things we often miss in succession planning is that it should be gradual and thoughtful, with lots of sharing of information and knowledge, and perspective, so that it’s almost a non-event when it happens.”
Exit Planning – Why Its Essential
Christine and I are going to discuss the topic of generating real value that business owners can extract to fund a better retirement AND leave a thriving business for the next owners. It all starts with letting go.
Christine is a multi-award-winning professional business mentor with 40 years of experience. She has written 4 books, spoken at over 200 events, is qualified as an accountant, and has a law degree and a couple of other master’s degrees. I’ve saved businesses in different sectors THOUSANDS of pounds/dollars and helped owners increase the value of their business by MILLIONS.
Is your business saleable and exit ready for you to leave it (no matter when it happens)? Click to to get Christine’s free Exit Ready Checklist the expert in making sure your business is saleable for more money and on better terms. Christine helps you get out of the day-to-day, guides you through the handover of controls and gets you and your businesses exit ready so you can enjoy a happier, richer future. She saves you THOUSANDS so you can increase the value of your businesses by MILLIONS.