Introduction
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why exit plan
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don't have estate plan
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steps after assessment
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tools we offer
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how long for revamp
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selling regardless value
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introduction
Business Exit FAQs
questions you may have about business exit
Do you have questions about exit planning? Let's see if you can find the answers below.
The main objective behind an Business Exit Plan is to plan an exit at the best financial advantage. Planning your exit will help achieve the timing and solution.
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Go To Topic: What's It Worth
business exit FAQ
Exit Plan FAQ
Why Exit Plan
Why should every business owner develop an exit plan?
Answer:
It makes no difference if your business has just started or has been in operation for 15+ years. It is important that every business owner formulates a business exit plan.
Why? Because every owner will eventually exit. It may be this year or sometime in the future. But you will eventually exit.
What you want to avoid is an exit that results into a financial loss. An exit plan that works alongside your business plan sets the goals you need to maximize the financial benefit upon exit.
Hopefully your exit will be for retirement. But if age, illness, or simply being burned out speeds up an exit, you will have a plan in place that allows you to exit with your financial goals in-tact.
business exit FAQ
Business Exit FAQ
Why Estate Planning
What if I don't have long-term financial and estate planning goals, can the CFOne Group help?
Answer
We can certainly review your exit planning objectives and offer some guidance regarding your end-game. But as it relates to your long-term financial goals (retirement planning) and estate planning, we must refer you to professionals who are licensed to provide financial and estate planning.
You current CPA could advise; or perhaps a license financial advisor
business exit FAQ
Business Exit FAQ
steps taken after the assessment
What are the next steps after you complete an assessment of the business fundamentals?
Answer
If the valuation fails to meet your long-term financial goals, we can step in (with your approval and guidance) and recommend some changes within your business fundamentals that can increase the valuation.
The business fundamentals include marketing, finance, operations and other (as it relates to your particular business). It is a complimentary review at no cost or obligation.
business exit FAQ
Business Exit FAQ
tools that will be provided
What tools do you offer that can help?
Answer
After our review of the business fundamentals, we can develop a summary business plan segmented in phases under the owner's capital position and supervision. The fee for the business plan is negotiable. We can also manage the implementation with frequent analysis of results.
Our goal - which is your goal - is to increase the company value by implementing and managing the implementation based on an approved business plan.
business exit FAQ
Business Exit FAQ
how long the revamp
How long will the implementation of the plan take before I can see my valuation go up?
Succession Plans
That can vary from 1-5 years, depending on the changes needed. That is why we strongly recommend you develop an exit plan now so that the business building blocks can be implemented prior to your need to exit.
business exit FAQ
Going With Direct Sale
taking the direct sale as your exit plan
Can we move to the exit (direct sale) regardless of the current valuation?
Answer
Of course! Any business can sell if the price is right. It is a question of how much you would like to receive.
We can mange the direct sale on your behalf. That includes preparing the confidential sales document, listing your business, manage the marketing of your business through multiple networks, qualifying prospective buyers, and negotiating the offer that leads to the sale and closing.
Our expertise allows us to find the right buyer for your business. We likewise manage the process so that you can continue operating the business.
We do not charge any upfront fees of any kind. Our fee will be based on the successful sale and closing of your business.
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Krayton M Davis Executive Director, CFOne Business Advisory Services Serving Richmond and Northern VA 1-571-306-3590 or e-mail your inquiry to: |
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