Though not an everyday discussion, the exiting of one’s business is a vital stage in the life of the business. Savvy owners will benefit themselves with better management, better organization, and better sleep if they are committed to designing the future exit of their business.
Unfortunately, most business owners only think about their exit plan when they are extremely old, sick, or tired. Or a combination of all three. This may be a necessary time, but this is not the right time to think about an exit plan.
The right time is the day the business opens! The most successful (long term successful, that is) business owners DO PLAN for their inevitable retirement and relinquishing of their business. In fact, some of the most successful entrepreneurs in the world create businesses with a definite and organized plan to sell them in 5 years or less.
We teach business exit strategies here at Centurion. We will help guide you to run your business so that in time it operates entirely without you, because to get the most out of your business when you sell, you must not be a necessary part of it.
We will show you how to:
- engage and employ key people to replace you in your duties
- minimize your time requirements and maximize your output (I know, easier said then done)
- structure your business entity so that taxes are reduced or deferred
- plan the sale so that buyers are easily transitioned into the business
- time the sale so that your duties are the lightest when you exit
…and many, many more business exit strategies to ensure you gain the most possible benefit from the sale and have the least possible liability from the sale.
All you need to do is contact us on the form here or scroll down to see our phone number and give us a call. We are here to assist you. We provide consultation to help you decide if now is the best time to sell – or later. Either way, you will benefit knowing what your options are and how they will affect you in the days ahead.
Further, as you begin to plan your exit, we will connect you to the right professionals who will show you how to leverage your profits, save thousands in taxes, and organize a plan for your future.
Business exit strategies involve planning your business, valuing your business, selling your business, and then deciding what to do with the rest of your life. We cover it all 🙂
Rhett Kniep is a certified business broker and certified business intermediary and an expert in business exit strategies. He will help you put together a powerful plan to exit your business and realize the maximum return.
Contact Rhett today!