What Every Business Owner Needs to Know About Cashing Out To
Control the Destiny of Their Business and Their Life
What Every Business Owner Needs to Know About Cashing Out To
Control the Destiny of Their Business and Their LifeKerri SallsThis
Way Out Group
This Way Out Group, LLC Your Exit Strategists
responsibilitiesPeople
EmployeesVendorsCustomersFamily
Fiduciary
ShareholdersRevenuesCashflow
This Way Out Group, LLC Your Exit Strategists
Three stages of business Start Grow Monetize
This Way Out Group, LLC Your Exit Strategist
With an exit strategyUse it as a framework for decisionsCompany
will be strongerAccelerate salesMaximize valuePrepared for an exit
on your timeline (3 years or 30 years)
This Way Out Group, LLC Your Exit Strategist
1. Fear and Overwhelm About the Exit processEpidemic95% of all
business owners ignore, deny and postpone exit planningDont know
how to do itRisk of failure is highDependence /expectation on a big
payday is highIts a one shot deal
This Way Out Group, LLC Your Exit Strategist
Solution to fear and overwhelmStart earlySystematize everything
in your businessLet go of operational responsibility and become
more strategicMaximize business valueDont try to do it all
yourself. Build your all-star team of advisors
This Way Out Group, LLC Your Exit Strategist
2. Planning Ahead While Managing For GrowthThis Way Out Group,
LLC Your Exit Strategist
2. Planning Ahead While Managing For GrowthPlan for the future
of the business without youPlan for your financial future Plan for
that reinvention dream
This Way Out Group, LLC Your Exit Strategist
Thinking aheadEarly/ Before Transaction Process
Control your optionsCommand your termsEstablish your
timelineMaintain operational growth
Engage Transaction Experts
Better timingYou and your business are better prepared for the
demandsGive them better informationProvide outcome parameters you
seekThey can do their job better to leverage your business to meet
your terms
This Way Out Group, LLC Your Exit Strategist
Your reinventionPlan your reinvention a new vocation, avocation,
venture, adventure3-5 years preparationFund your reinventionSet up
trusts and other investment vehiclesSet up financial structures to
fund those vehicles
This Way Out Group, LLC Your Exit Strategist
Tax burdenPlan ahead (5 years) Many options/fewer taxes Last
minute (at transition)Fewer options/more taxes
This Way Out Group, LLC Your Exit Strategist
Solution to balance both jobsHave a planSet up your financial
vehicles as early as possible Explore tax implications of different
exit options with your entire team of advisors
including:AttorneyInsurance brokerCPATax advisorWealth advisorExit
StrategistDevelop and document your succession plan and your
transition plan years in advance and then execute it.Use your exit
team early and often
This Way Out Group, LLC Your Exit Strategist
3. Uncertainty About Future for Family &
employeesConcernsEnsure family legacyLongevity of the
businessStructure of the company without youEmployee
securityCompany contribution to the local economySuccession
planningOther stakeholders
ProtectingEmployees careersFamily relationshipsPreserving
corporate culture, heritage, legacyCashflow to fund your payout
schedule
This Way Out Group, LLC Your Exit Strategist
solutionTo cash out on your terms, on your
timeline:Systematically build an integrated plan incorporating
business and personal elements, goals and timelines.Execute on each
element of that planStart earlyWork with an Exit Strategist who can
mentor you and facilitate your team
This Way Out Group, LLC Your Exit Strategist
Optimize Your exitControl the destiny of your business and your
lifeHave a planStart earlyBuild an all-star team around you
You WILL eliminateFear and overwhelmConflict between operating
the business today and preparing for your ideal transaction and
transitionUncertainty about the future for you, your family, your
team, your business and all your stakeholders
This Way Out Group, LLC Your Exit Strategists
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Are you ready?Short Owners Exit
Assessmenthttp://www.surveymonkey.com/s/67B7T9BThis Way Out Group,
LLC Your Exit Strategist
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