Exit Planning for Small Business
Planning exit strategies for small businesses can be a long and involved process. It’s recommended you start considering the issues a good five years before you plan to sell.
We specialise in exit planning strategies, helping entrepreneurs and business owners to consider all their options and formulate a thorough exit strategy business plan. Most small businesses are private equity firms and exit by trade sale, though other options include floating it on a stock exchange such as the Alternative Investment Market. Our exit planning can help you decide which method of exiting your business works best for you.
Exit planning for small business owners
Smaller firms are usually reliant on a few key members of staff to run the business successfully – but it is important when selling a business that potential buyers see plenty of valuable, tangible assets that stand out whether your key employees remain or not.
As an example, a service-sector business might rely on a few key employees charging for their time and contacts. Unless you take steps to rectify the problem now, your business might be perceived to not be worth very much without you.
In short, if you’re planning to sell the company in the foreseeable future, it may be beneficial to develop products, services and systems that are not heavily dependent on you as an individual or upon key members of staff.
In addition to trade sale exit strategy, we also specialise in liquidation and franchise exit strategy. Reach out to our exit planning specialists today.